Mandatory retirement plans for small businesses?

About a dozen states require small employers without a qualified retirement plan to enroll employees in a state retirement plan. For example, New Jersey’s Secure Choice Savings Program mandates employers with 25 or more employees but without a retirement plan to enroll employees in the state plan by the end of 2021 or face penalties. Employers must provide employees with information about the IRA-like plan and then withhold 3% of pay unless employees opt out. #IdeaoftheDay