To complete a Colorado SecureSavings opt-out, log into the program’s portal at connect.vestwell.com/retrieve/coloradosecure, verify your identity, and decline enrollment before your first payroll deduction is taken. You can also call 1-844-711-5001 or mail a paper form. Participation is voluntary under C.R.S. § 24-54.3-104, and you can opt out at any time without giving a reason.1Colorado SecureSavings. Program Details
Opting Out Online
The portal is the fastest route. Go to connect.vestwell.com/retrieve/coloradosecure directly, or click the “Employee Opt Out” link on the Colorado SecureSavings homepage.2Colorado SecureSavings. Colorado SecureSavings Before you start, pull together:
- Your enrollment notification from the program, which contains your personal access code.
- Your Social Security Number or ITIN, used to match you against employer payroll data.
- Your date of birth and zip code, used as secondary verification if the system needs to match you manually.
Enter the access code, or use your personal details to look up the account if the code is lost. The portal walks through a few prompts confirming you want to decline the Roth IRA. On the final screen, submit the request and save or screenshot the confirmation receipt. That receipt is your proof of the opt-out and the first thing to reference if deductions don’t stop on schedule.
Opting Out by Phone or Mail
If you’d rather talk to someone, call the saver assistance line at 1-844-711-5001, Monday through Friday, 8 a.m. to 5 p.m. Mountain Time.3Colorado SecureSavings. Contact Us A representative can process the opt-out on the call. Callers with speech or hearing disabilities can dial 711 first to reach Telecommunications Relay Service.
Paper opt-out forms are available on the program’s website under “Program Forms.”4Colorado SecureSavings. Program Forms Print, complete, and mail the form to:
Colorado SecureSavings
P.O. Box 534490
Pittsburgh, PA 15253-44903Colorado SecureSavings. Contact Us
For overnight delivery, send to Colorado SecureSavings, Attention: 534490, 500 Ross Street, 154-0520, Pittsburgh, PA 15262. Paper forms depend on mail processing time, so if you’re close to your deduction start date, use the portal or phone instead.
The 30-Day Window and What Happens After
Once your employer adds you to the program, you have 30 days to opt out or customize the account before payroll deductions start.5Colorado SecureSavings. Program Details Do nothing during that window and your employer begins withholding 5% of your wages each pay period and sending it to your Roth IRA. Opt out inside 30 days and no money ever leaves your paycheck.
Miss the window and you can still opt out. There’s no deadline. The only difference is that one or more deductions may already have happened by the time your request processes, and any money already contributed stays in your account until you request a withdrawal.
What Happens After You Submit
Once your opt-out is processed, the program notifies your employer’s payroll department to stop deductions.1Colorado SecureSavings. Program Details How quickly the change lands on your paycheck depends on the payroll schedule. Submit right before a pay cycle closes and one more deduction may slip through. Check your next one or two paystubs to confirm the withholding stopped. If deductions keep coming after that, call 1-844-711-5001 with your confirmation receipt.
The program does not automatically re-enroll you. Your opt-out stays in effect until you affirmatively decide to rejoin, which you can do at any time by logging in or calling the client service team. There’s no waiting period.
Getting Back Money Already Deducted
If deductions came out before your opt-out took effect, that money is yours. Because the account is a Roth IRA, withdrawals of your original contributions can generally be taken back without owing federal income tax or the 10% early withdrawal penalty, because Roth contributions are made with after-tax dollars and the IRS treats returned principal differently from earnings.6Internal Revenue Service. Retirement Topics – IRA Contribution Limits
Earnings on those contributions work differently. Withdraw earnings before the account has been open five years and before you turn 59½, and you’ll owe income tax on the earnings plus a 10% penalty in most cases. The five-year clock starts January 1 of the tax year you made your first contribution. For someone enrolled only a few weeks, earnings are likely small, but the rule matters if you contributed for a longer stretch before opting out.
To request a withdrawal, log into the portal or call client service. The program’s withdrawal page notes that taking money out could trigger penalties and taxes, so confirm what portion of your balance is contributions versus earnings before you submit the request.7Colorado SecureSavings. Withdrawals