Final Registration Wave for Illinois Secure ChoiceSeptember 26, 2019 Alert
Phase 3, for employers with 25 to 99 employees, of IL Secure Choice retirement savings program for employers who do not already offer a retirement savings plan.
At a Glance
- Wave 3 Registration Deadline is November 1, 2019.
- Wave 3 employers are those employing 25 to 99 employees.
- Soon, the State will begin notifying employers in Wave 3 of the requirement to register or indicate that they are exempt from the program.
Wave 3 Employer Registration
Illinois Secure Choice is a new retirement savings program for employers who do not already offer a retirement savings plan. The program is intended to help employees save for retirement through payroll deductions. The registration deadline for larger employers, those with 100 or more employees, has passed. Phase 3 is underway for employers with 25 to 99 employees. These employers must register by November 1, 2019. Employers should expect to receive a notification via email or regular mail from Illinois Secure Choice with an access code and instructions about how to register. Once you receive this notification, go to employer.ilsecurechoice.com to enter the access code to register your business or indicate your exemption.
Employers in Wave 3 can prepare by collecting the information needed to register and enroll employees. Illinois Secure Choice has provided a Registration Checklist to assist employers with the registration and enrollment process. Additional tools and resources are also available on the Illinois Secure Choice website.
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This information is provided as a courtesy, may change and is not intended as legal or tax guidance. Employers with questions or concerns outside the scope of a Payroll Service Provider are encouraged to seek the advice of a qualified CPA, Tax Attorney or Advisor.