The deadline to have a retirement plan has either passed or coming due shortly for IL businesses.
Employer registration deadlines
State law now requires every Illinois employer with five or more employees to offer their own retirement program or facilitate Secure Choice. Program deadlines are based on employer size but there is no need to wait, you can register with the program today! Employers who do not meet their required deadlines may be subject to enforcement, including financial penalties.
25+ Employees DEADLINE PASSED
Register today to avoid financial penalties.
16-24 Employees DEADLINE PASSED
Register today to avoid financial penalties.
5-15 Employees NOVEMBER 1, 2023
We have three employees and we have our plan in place.
If you need help with this issue and we can refer you to an expert.