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IL Secure Choice Savings Program Signup Deadline for Employers with 500+ Employees
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IL Secure Choice Savings Program Signup Deadline for Employers with 500+ Employees

When: Friday, November 30, 2018
Where: United States
Contact: Matt Quinn

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By November 30, 2018, employers with more than 500 employees in the state must register for the new Illinois Secure Choice Savings Program

This is a new retirement savings program aimed at employers that do not offer a qualified savings plan. The goal is to help more people in Illinois save for retirement by providing access to a retirement savings option at work.

Employers are not required to make any contributions to the program, or pay any fees. Employers facilitate the program by registering online and supplying employee information, which allows the state to connect with employees and give them the option to put aside part of their paycheck toward retirement.  

The IRA can connect employers with specialists in the Illinois Treasurer's Office that can help facilitate the process for employers. 

The next wave of employers that are required to sign up for the program – those with 100 to 500 employees – will not be until July 2019.

Click here for the Employers Resources page. Click here for the FAQ.


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