The easy way to save for retirement.
Our mission is to empower workers to establish and increase retirement savings through an automatic, low-cost, trusted retirement plan benefitting Maine workers, employers and taxpayers.
The deadline has passed, but there’s still time to register!


About MERIT
More than 200,000 Mainers do not have access to retirement savings through work. MERIT helps bridge Maine’s retirement savings gap.
MERIT The Maine Retirement Investment Trust was created by the Maine Legislature in An Act to Promote Individual Retirement Savings through a Public-Private Partnership in recognition of the benefits to both the State and residents of the State in establishing retirement savings accounts. The MERIT Board is establishing a workplace retirement savings program for employees who do not otherwise have access to a retirement savings plan through their employer. Employees will be automatically enrolled in a Roth IRA Account. Once enrolled, the account will be funded from an employee’s wages unless the employee opts out.

Do You Need to Register Your Company or Certify Your Exemption?
At a Glance
The Law
In 2021, An Act to Promote Individual Retirement Savings through a Public-Private Partnership, was enacted to bring a workplace retirement savings opportunity to the 40% of Maine workers with no workplace retirement plan. The plan will help address Maine worker’s inadequate retirement savings and the resulting costs to the State.
2023 Amendment
PL. 2023, Chapter 167 was enacted on June 12, 2023 and will be effective 90 days after the end of the 2023 legislative session. The amendment extends the time for employers to register for the Program.
Learn More about MERIT
The Latest News
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MERIT Reaches Year-One Milestone of $10 Million Saved for Maine Employees
FOR IMMEDIATE RELEASE Augusta, ME – Maine Retirement Investment Trust (MERIT) is pleased to announce a considerable milestone towards their mission to secure the financial future of working Mainers. In just over a year since its full launch in January 2024, MERIT has helped over 12,000 Maine employees save 10 million dollars towards their retirement.. …
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The merits of MERIT: A savings program targets workers with no workplace retirement plan
The program, envisioned as an easy way for employers to offer retirement savings for their employees, requires employers with five or more workers not offering a qualified retirement savings plan to register for MERIT and begin using it in 2024.
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Learn about MERIT on our YouTube Channel