illinois secure choice employer login

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Event starts on Wednesday 13 July 2022 and happening online. What Small Business Owners Need to Know Hosted By Small Business Majority.

Michael W Frerichs Illinois State Treasurer Secure Choice

Illinois has enacted legislation House Bill 117 that expands requirements related to the Illinois Secure Choice program to smaller employers.

. Certain employers are required to. The program is overseen by a state. For more information on setting up your account see the ILogin instruction booklet.

On the heels of Oregons efforts Illinois established its Secure Choice retirement savings program which entails a similar auto-enroll IRA product that businesses must provide for their. The deadlines for employers to register with Secure Choice are staggered based on employer size as described below. Employers with at least 25 employers but fewer than.

Employer facilitation of IL Secure Choice should not be. Research shows that employees are more productive when they have less finance-related stress. Saving through a Roth IRA will not be appropriate for all individuals.

This new simple way to save for retirement provides a Roth Individual Retirement. I want to sign myself up. With Illinois Secure Choice you can help your employees save for their future.

Use our simple retirement calculator to see how different savings options could impact your future. To help the many employees who lack access to a retirement savings plan Illinois has created a state-sponsored program known as Secure Choice. In 2014 the Illinois General Assembly passed and the Governor signed into law legislation requiring employers with more than 25 employees to provide either a retirement plan or.

As of December 1 st 2021 IL Secure Choice has over 97200 participants who together have saved near 80 million for retirementOver 6300 employers are registered for the program. For troubleshooting and FAQs visit the State of Illinois ILogin info page. Signed into law in 2015 and launched in 2018 Illinois Secure Choice is a new way for employees in the state to save for their retirement.

IL Secure Choice is a completely voluntary retirement program. I am self-employed or do not work for an employer registered with Illinois Secure Choice. In early 2018 Illinois launched a pilot for Illinois Secure Choice a state-sponsored retirement program.

If youre 50 or older the maximum amount you can save for year 2022 is 700000.

Michael W Frerichs Illinois State Treasurer Secure Choice