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Employee Benefits

Maryland launches savings plan for small businesses, residents

September 21, 2022 Reprints

On Sept. 15, Maryland launched its new “MarylandSaves” paycheck savings program, allowing thousands of small business owners and more than a million residents they employ a new way to save for emergencies and retirement, 401K Specialist reports. The program will offer workers throughout the state the opportunity to start a personal WorkLife Savings Account automatically funded from their paychecks.

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Maryland launches savings plan for small businesses, residents

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