Mississippi

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Mississippi Legislative Update

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Quick Look

  • Employers who do not offer a tax favored retirement plan may allow eligible employees the voluntary choice to contribute to an individual retirement account through a payroll deduction, known as the Mississippi Work and Save Program.
  • Additional group health benefit plan coverage options are provided to professional and trade associations in Mississippi.

Discussion

The Mississippi legislative session produced a couple of new employer obligations. Employers should make sure they are compliant with applicable changes.

 

Employee Savings Program. As of April 8, 2026, HB 4073 allows employers who do not offer a tax favored retirement plan to allow eligible employees the voluntary choice to contribute to an individual retirement account through a payroll deduction, known as the Mississippi Work and Save Program. The State Treasury will create the Mississippi Work and Save Administrative Fund. The State Treasurer is also tasked with developing and implementing the program. Covered employees must be at least 18 years old. Employers and the state are protected from liability related to the program.

 

Additional Group Health Insurance Options for Professional and Trade Associations. Effective October 1, 2026, SB 2704 provides additional group health benefit plan coverage options to professional and trade associations in Mississippi. Members can purchase coverage from self-funded association plans subject to the jurisdiction of another state insurance department or the federal government. A “professional association” means member employers and individual members who are self-employed, who are of the same type of profession, such as lawyers, physicians, dentists, accountants, or architects. A “trade association” means member employers and individual members who are self-employed, who are in the same type of trade, such as plumbers or electricians.

 

Action Items

  1. Monitor State Treasury of Mississippi website for updates on retirement plan developments.
  2. Review additional options for group health benefit plan coverage options with broker, if applicable.

 

 

Disclaimer: This document is designed to provide general information and guidance concerning employment-related issues. It is presented with the understanding that ManagEase is not engaged in rendering any legal opinions. If a legal opinion is needed, please contact the services of your own legal adviser. © 2026 ManagEase