A landmark state initiative is making a real difference for Colorado workers.

The Colorado SecureSavings program is experiencing a massive surge, with a 38% growth in savers in just the last year.

Nearly 100,000 Coloradans who previously had no workplace retirement plan are now actively saving for their future.

Together, these participants have accumulated over $180 million in their accounts, a critical step toward financial security.

This marks a significant cultural shift for small businesses and gig workers across the state.

However, the program still faces challenges.

Officials report that thousands of employers remain noncompliant, ignoring mandates to either offer a plan or register for SecureSavings.

After a major data cleanup effort, the state is now preparing for stricter enforcement, with potential fines for businesses that fail to comply.

According to State Treasurer Dave Young, the program's administrator, the goal is to close the retirement gap for a vulnerable population.

While about one in five eligible workers choose to opt out, often due to tight budgets, the vast majority are discovering they can save when contributions are automatic.

The program's existence has also pushed many companies to start offering their own private retirement plans.

It's a controversial but effective nudge from the state.

Ultimately, the numbers show what's working: more Coloradans are building a nest egg than ever before.