Illinois Secure Choice Website

Join IACCE for a webinar on the Illinois Secure Choice: What Small Business Owners Need to Know about the IL State Law on September 13 at 2:00 p.m. 

Illinois state law now requires that every private-sector employer that has been in business for at least 2 years and that had 5 or more Illinois employees last year must offer their own qualified retirement plan or facilitate the Illinois Secure Choice retirement savings program. In this session, the Illinois State Treasurer’s Office will cover the specifics of the state law and provide an overview of how Illinois Secure Choice works and how easy it is for businesses to facilitate retirement savings for their employees. 

Your business is required to enroll if:

·        You do not currently offer an employer-sponsored retirement plan

·        If you have 5 employees or more

·        Been in business more than 2 years

Your business is exempt from enrolling if:

·        You already offer a retirement plan to your employees

·        You have less than 5 employees.

·        You have been in business for less than 2 years

If you meet the qualifications the mandatory deadline to register is November 1, 2023.

If you received a letter, you must register on the IL Secure Choice website using the access code on the letter. If you are exempt you must register your exemption.

If you did not receive a letter but would like to report that you have a retirement plan or are exempt, you may call (855) 650-6913 to speak to someone with IL Secure Choice.

A couple of other things to note:

• If you already offer a retirement plan, but not all your employees qualify for that plan, you are not able to offer IL Secure Choice to the nonqualifying employees.
• If you are required to sign up for the Illinois Secure Choice program, there is no contribution by the employer. The employer is only required to facilitate the deductions from employee paychecks and remit the amounts to the IL Secure Choice program.

Exciting Announcement! Introducing: Sandwich (IL) Area Business Updates: Your Ultimate Guide to Local Merchants, Businesses, Restaurants, and Community Events!

Explore the best in our community, from hidden gem businesses to exciting upcoming events. Let's support and celebrate the heart of our Community together!

Thank You Premier Members!

Explore Beyond the Newsletter: Follow Us On Social Media!