Beginning in 2024, SECURE 2.0 requires employers to remit retirement plan catch-up contributions for higher income earners as Roth contributions. Learn more.

Get ready for 2024 and adopt the MNDCP Roth today!

Send an email to mark.manion@msrs.us with your intent to offer the MNDCP Roth.

Health Care Savings Plan reminders

HCSP is a tax-free account
Employers do not pay FICA taxes on amounts contributed. Employers are not required to report contributions on a W-2. 

HCSP video available
Help your employees understand their HCSP benefits.

• Forward the video link to your employees
• Post the link on your internal website
• Show the video at new employee orientations

Add employee's termination date
The termination date triggers an HCSP welcome packet to be sent to the employee. Without a termination date, a reimbursement request may be delayed.

Contract pre-approval required
Only employees who belong to a group pre-approved by MSRS may participate in the plan. Do not remit contributions for a group until MSRS approves the contract language.

Additional contract reminders

1. Individual choice is not allowed
2. Acceptable & unacceptable funding sources
3. Don't remit contributions after an employee's death

Quick Links

>  MNDCP deferral feedback
>  HCSP contract language 
>  Employer forms

If you missed last month's SECURE 2.0 webinar or for more information regarding some of the important provisions of SECURE 2.0, visit the MSRS employer website.

Keep your contacts updated

It is vital to let MSRS know when there are changes to your team. Let’s work together to ensure that we have updated records of your payroll and HR points of contact.

Please report any changes to team members as soon as possible.