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New Program Provides Retirement Savings at Work
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The Illinois Secure Choice Program is a new program that will offer a retirement savings plan for workers in Illinois who do not have access to an employer-sponsored plan. Signed into law in January 2015, the program now requires businesses either to offer a qualified retirement savings plan or to enroll their employees into Secure Choice, a 3% automatic deduction into an account that will be owned by the worker and portable from job to job. (Employees will have options regarding deduction amounts, funds and opting out of the program altogether.)
The program is scheduled to be phased in beginning in 2018, but if you’re a business owner, you’ll see a new Secure Choice question on Step 2, Line C of Form IL-941 while doing payroll tax reports for the first quarter of 2017. Do not check the box if:
- You have 25 or more (part-time or full-time) employees
- You have been in operation for at least two years
- You don’t offer a qualified savings plan
Employers will be required either to participate in Secure Choice or provide their own qualified retirement savings plan such as a 401(k). The role of the employer will be limited, but those who do not comply may be subject to fines and penalties. If you would like additional information on the program, feel free to contact us or go to one of the following links:
Overview from Michael W. Frerichs, Illinois State Treasurer
Employer Fact Sheet
FAQ’s
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30th Anniversary Celebration Begins with Mayoral Proclamation
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On Monday, February 6,
Mayor Michael Gresk of the
City of Wheaton presented
Mathieson, Moyski, Austin & Co., LLP, with a mayoral proclamation to celebrate the firm's 30th anniversday. Partners and staff gathered in the City Council Chambers at City Hall to accept the acknowledgement, given just prior to the City Council meeting. Mike Moyski, CPA, accepted the proclamation on behalf of the firm, thanking the Mayor, the City Council members and the community for their support throughout the years.
The 30th Anniversary celebration party was held Feb. 9 at the offices of MMA & Co. and clients, colleagues, staff and families enjoyed the evening as we marked this milestone for the firm. Here are some photos from our anniversary party scrapbook (individuals are identified L to R):
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New partner John Straus, CPA, celebrates with Lisa Drake, Executive Director of CASA DuPage, Beth Stremel of CASA and Mark Daniels of Providence Bank
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Sharing in the evening are Mayor Mike Gresk and his wife, Kathleen
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On their way to pick up "swag bags" are Paula Barrington, Executive Director of the Downtown Wheaton Association, Mike Soehlke, VP, Wheaton Bank & Trust, and Cindy Gunderson, MMA & Co.
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Brett Mathieson, CPA, welcomes guests Pam Sharar-Stoppel, President & CEO of Wheaton Bank & Trust and John Urban, CFO of American Surveying & Engineering, P.C.
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Mike Moyski, CPA, shares a moment with Walt Denny of Walt Denny Advertising & PR and John Rutledge, City Councilman
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Dr. Dave Hettinger, DPM, and Marcus Heinrich, CFP, partner at Forum Financial Management, are joined by Lora Vires
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John Vires, CFA, CFP, of MMA & Co. welcomes Brandy Harrington, CFP, Black Diamond Partners, Kim Austin and Joel Riley, CFP, also of Black Diamond Partners
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Mary Carol Deveney, Wheaton Chamber, Jim Atten of Atten Real Estate and Kerry O'Brien, Executive Director of the Wheaton Chamber of Commerce, join Dick O'Gorman of Ivy and Leanne Tampier, Sign Authority and Chairman of the Chamber's Board of Directors
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Matt Lupo, CPA, of MMA & Co. welcomes Chad Marks of First Midwest Bank, Mike Leach of Langan, Haeger, Vincent & Born, and Adam Fuchs, Wheaton Bank & Trust
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Alice Berardi, MMA & Co, strikes a quick pose with Betsy Mathieson and Jasmine Clark, EA, fellow MMA & Co team member
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Will Grosch of Wheaton Bank & Trust enjoys a chat with fellow bankers Larry Boward, President, and Luke Oosterhouse, VP, both of FNBC Bank & Trust
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Tori Moyski shares a smile with Jim and Judy Hohenzy, long-time clients of the firm
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Councilman Todd Scalzo, attorney-at-law, is joined by Kim and Ron Austin
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Mike Moyski welcomes Joe Schuberth along with other MMA & Co. team members Gina Kelly, Laura O'Malley and Kim Clark
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Brian Eisenmenger, CPA, joins Kim Gannon, Ron Austin and Dr. Scott Hallums of Wheaton Chiropractic Spine & Joint Center
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Roberta Valent, DDS, scouts the hors d'oeuvres table with husband Charles Harrison and Brian Eisenmenger
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Joan Morrison is given a warm reception by Deepa Rajaram, CPA, of MMA & Co.
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Welcoming guests to the party are Kimberlee Scroggs, CPA, and Amanda Tomaszewski, both from MMA & Co.
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Jeff Mousseau chats with Jennifer Craig, Principal of Washington Elementary School, along with wife Cathy Mousseau
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Brian Hagene, CPA, of MMA & Co. extends a hearty welcome to Gary Kreutz
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Mary Lou Denny of Walt Denny, Inc., Advertising & PR, enjoys the company of Helen Demsher, CPA, MMA & Co.
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Cheryl Armstrong of Wheaton Bank & Trust, Mary Carol Deveney of the Wheaton Chamber and Mike Dzugan, City Manager of the City of Wheaton, are welcomed by Ron Austin
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MMA & Co. team members Robin Metzger, Matt Lupo, CPA, Brandon McHugh and Dan Bauers gather to be of service to guests
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Miss Clara Coltharp steals a few hearts throughout the party as she joins her mother, Meaghan Coltharp, CPA , MMA & Co.
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We are honored that many of you took the time to attend our 30th anniversary celebration... we were overwhelmed by the flowers, cards and other expressions of acknowledgement from so many. As we stop to reflect on the past 30 years we also look toward the future, serving you and your families, your companies, your employees and your organizations in the years to come. Here's to the next 30 years!
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Mike Moyski, CPA
Ron Austin, CPA
Brett Mathieson, CPA
Brian Eisenmenger, CPA
John Straus, CPA
(630) 653-1616
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