SARA Companions Home Care participates in the New York Secure Choice Savings Program, a state-sponsored retirement savings program available to all eligible employees beginning March 1, 2026.
What Is the New York Secure Choice Program?
The New York Secure Choice Savings Program is a retirement savings program created by New York State to help workers save money for the future. It allows employees to save for retirement through automatic payroll deductions.
Who Is Eligible?
All eligible employees of Sara Companions Home Care will be enrolled in the program unless they choose to opt out.
How Does It Work?
- ~ A small percentage of your pay is automatically deducted from your paycheck and deposited into a personal retirement account in your name.
- ~ The account is portable, meaning it belongs to you and moves with you if you change jobs.
- ~ Contributions are made after taxes (similar to a Roth IRA).
- ~ You can change your contribution amount or stop contributions at any time.
Is Participation Required?
- ~ You are automatically enrolled, but participation is voluntary.
- ~ You may opt out or adjust your contribution rate at any time without penalty.
Does Sara Companions Home Care Contribute?
- ~ No. Sara Companions Home Care does not contribute to the account.
- ~ The program is funded solely by employee contributions.
Is This a Company-Managed Retirement Plan?
- ~ No. This is a state-run program, not an employer-sponsored retirement plan.
- ~ Sara Companions Home Care’s role is limited to facilitating payroll deductions as required by New York State law.
Where Can I Get More Information?
Employees will receive additional enrollment information directly from SARA Companions Home Care and the New York Secure Choice Program.
You may also visit the official New York Secure Choice website or contact the program administrator for account-specific questions.