To motivate Illinoisians to save for their future and prepare for retirement, Illinois passed a state-mandated retirement savings program, otherwise known as The Illinois Secure Choice Act. Businesses with 5-15 employees in Illinois have until November 1st, 2023, to comply with this law. Illinois businesses with 16+ employees have already passed the deadline to implement a 401(k) program.
The time to act for The Illinois Secure Choice Act is now.
Learn how to remain compliant and avoid fines in our webinar – The Illinois Secure Choice Plan: Options for Small Businesses to Remain Compliant as our speakers discuss:
- The law explained
- Importance of 401(k) plans
- Options for compliance
- Pooled Employer Plan option vs. state run plans
- Benefits of outsourcing
- Encouraging 401(k) plan participation
It’s vital to stay compliant. To discuss setting up a retirement program for your employees, contact our team at 630-928-0510 or submit our consultation request form.