State's Retirement Savings Program Closes Fiscal Year with Record Assets and Multi-state Partnership Expansion
Aug. 5, 2025 (DENVER) — The Colorado SecureSavings Program has closed out the fiscal year with remarkable growth, surpassing $140 million in total assets and enrolling more than 85,000 savers since launching in 2022.
The program, one of the fastest-growing state-facilitated retirement plans in the country, continues to empower Coloradans to build financial security and plan for a dignified retirement. More than 17,025 businesses have registered for Colorado SecureSavings.
“We’re incredibly proud of the progress Colorado SecureSavings has made in just a few short years,” said Colorado State Treasurer Dave Young. “This program is transforming the retirement landscape in our state. By connecting more people to savings opportunities, we’re strengthening families, communities, and Colorado’s long-term economic resilience. As more workers start saving and additional states join our national partnership, we continue to lead the way toward a more secure and dignified future for all.”
Geographic trends reveal particularly strong financial engagement on the Western Slope. While the Denver metro area holds the largest number of accounts, Western Slope counties like La Plata County and San Miguel County outpaced the state average in assets per account, with La Plata County averaging more than $10,000 per account.
Millennials ages 30-39 led the way with the highest total assets and contribution rates, with 34-year-olds alone holding over $3.8 million in retirement savings.
“We’re seeing strong engagement from Coloradans who may not have had access to retirement plans before,” said Colorado SecureSavings Program Director Hunter Railey. “Reaching rural communities is a top priority, and we’re thrilled to see savers in these areas build their nest egg. The earlier people start saving, even small amounts, the more likely they can retire with dignity and independence.”
Expanding the Partnership for a Dignified Retirement
Colorado continues to lead the nation in building collaborative solutions for retirement security. In the past year, Vermont and Nevada joined the Partnership for a Dignified Retirement, an interstate consortium of public auto-IRA plans funded by the Colorado Department of the Treasury.
The successful partnership now includes five states — Colorado, Delaware, Maine, Nevada, and Vermont — collectively managing over $165 million in assets. The consortium promotes shared best practices, reduces administrative costs, and enhances program outcomes for workers who have traditionally been excluded from employer-sponsored retirement plans. More states are expected to join in the coming months.
Looking Ahead
As the program grows, Colorado SecureSavings remains committed to expanding access to retirement savings across the state. In the coming year, the program will increase outreach to underserved regions and industries, engage business groups, and continue closing the retirement savings gap for the estimated 1.4 million Coloradans who lack access to a workplace plan.
“Because of the Colorado SecureSavings Program, my employees all have a savings account. There’s nothing to it. You just get on the website and put your employee's name in,” said Kat Haun, co-owner of Evan’s Auto Care in Evergreen, Colorado. “ You’re helping your employees save money for their future. It’s a good program.” Watch the full testimonial.
The Colorado Department of the Treasury will soon issue reminder letters to businesses that have yet to register or certify an exemption. These notices will reinforce the state requirement, outline registration steps, and highlight the benefits of helping employees save for the future.
For more information, visit ColoradoSecureSavings.com.
###
About the Colorado Department of the Treasury
The Colorado Department of the Treasury is the constitutional guardian of the public’s funds. It is the Treasury’s duty to manage and account for the taxpayers’ dollars from the time they are received until the time they are disbursed. The Treasury’s staff is committed to safeguarding and managing the people’s monies with the same diligence and care as they do their own. For more information, visit colorado.gov/treasury.