Colorado § 24-54.3-102 Definitions

Colorado Statutes

§ 24-54.3-102 — Definitions

Colorado § 24-54.3-102

Title 24Government

Art.Colorado Secure Savings Program Act

This text of Colorado § 24-54.3-102 (Definitions) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 24-54.3-102 (2026).

Text

As used in this article 54.3, unless the context otherwise requires:

(1)Board means the Colorado secure savings program board established in section 24-54.3-103.

(2)Employee means any individual who is eighteen years of age or older, who is employed by an employer for at least one hundred eighty days, and who earns wages subject to income tax pursuant to section 39-22-104.

(3)Employer means a person or entity engaged in a business, industry, profession, trade, or other enterprise in the state, whether for profit or not-for-profit, that employed five or more employees at any time during the previous calendar year, has been in business at least two years, and has not offered a qualified retirement plan to any employees, including, but not limited to, a plan qualified under sect

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As used in this article 54.3, unless the context
otherwise requires:

(1) Board means the Colorado secure savings program board established in
section 24-54.3-103.

(2) Employee means any individual who is eighteen years of age or older,
who is employed by an employer for at least one hundred eighty days, and who
earns wages subject to income tax pursuant to section 39-22-104.

(3) Employer means a person or entity engaged in a business, industry,
profession, trade, or other enterprise in the state, whether for profit or not-for-profit, that employed five or more employees at any time during the previous
calendar year, has been in business at least two years, and has not offered a
qualified retirement plan to any employees, including, but not limited to, a plan
qualified under sections 401 (a), 401 (k), 403 (a), 403 (b), 408 (k), 408 (p), or 457 (b)
of the internal revenue code in the preceding two years.

(4) Fee means investment management charges, administrative charges,
investment advice charges, trading fees, marketing and sales fees, revenue sharing,
broker fees, and other costs necessary to run the Colorado secure savings program.

(5) Internal revenue code means the federal Internal Revenue Code of
1986, as amended, or any successor law.

(6) IRA means a Roth individual retirement account authorized pursuant to
section 408A of the internal revenue code or a traditional individual retirement
account.

(6.5) Program means the Colorado secure savings program created by the
board pursuant to section 24-54.3-103 (1).

(7) Wages means any compensation within the meaning of section 219 (f)(1)
of the internal revenue code that is received by an employee from an employer
during the calendar year.

Legislative History

Source: L. 2019: Entire article added, (SB 19-173), ch. 236, p. 2341, � 2, effective May 20. L. 2020: (1) and (4) amended and (6.5) added, (SB 20-200), ch. 295, p. 1460, � 3, effective July 14.