Looking for more insight on the Illinois Secure Choice program? Wondering if other companies have the same struggles as you? Starting to to figure out maybe the Illinois state-run retirement program isn't the best for you and your employees? Was your question not addressed in the FAQ section of the Illinois Secure Choice website? You've found the right place for answers to your questions. Read and learn more in our blog as we continue to educate and provide valuable information to help navigate the Illinois Secure Choice decision.
The November 1st deadline for companies with 25 to 99 employee was almost a year ago. Although the Illinois Secure Choice hasn’t chosen to enforce the program penalties yet, all that changes come late 2021. In a recent article by...
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We are finally getting some better numbers on the Illinois Secure Choice program, which has officially been around for more than one year, ever since the first tier of employers with 500 or more employees had to be registered by...
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The November 1st deadline for companies with 25 to 99 employee is tomorrow. Act now before it's too late! But what if it's too late. What happens when you ignored the Illinois Secure Choice deadline? Do the penalties start immediately?...
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The November 1st deadline for companies with 25 to 99 employee is less than a week away. This is crunch time to make a decision. What happens if you decide to sweep this decision under the rug? What happens if you decide opt up, but...
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The November 1st deadline for companies with 25 to 99 employee will be here before we know it. Maybe you have seen more articles written to make sure employers are aware of their responsibilities. As we get closer to the deadline, more...
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It’s almost here. The last registration deadline, November 1st 2019, is quickly approaching for companies with 99 to 25 employees. More news articles have come out recently to help promote awareness. Some news stories are finally...
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As we get closer to the November 1st deadline for companies with 25 to 99 employees, more employers are starting to realize the impending unknowns, time, hassle, and threat the Illinois Secure Choice retirement program might have on...
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There are many differences between the Illinois Secure Choice Savings Program and a 401(k) Profit Sharing Plan and Trust. Below are some of the differences.
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In 1975, economist Milton Friedman wrote a book titled, “There's No Such Thing as a Free Lunch.” This popular phrase teaches us idea that it is impossible to get something for nothing. Somebody or something must pay a cost,...
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On the surface, saving money isn’t hard. Common sense says don’t spend more than you make. If you want to save, spend less than you make. Make sure you have money for a rainy day. If you ever want to retire from working you...
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On August 9th, 2019 Illinois Governor J.B. Pritzker approved a bill amending the Illinois Secure Choice Savings Program Act. According to the Illinois General Assembly website, here is an overview of the changes made, effective...
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The Illinois Secure Choice program offers four types of investment options: One money market fund, one bond index fund, one stock index fund, and one target date series. Is an investment lineup of only four options really the best way...
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Illinois made a big splash with the Illinois Secure Choice program. The state is concerned with the lack of retirement savings. According to Investopedia, “An October 2017 Government Accountability Office (GAO) analysis found...
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How do I get out of this?! Opting out of Illinois Secure Choice (ILSC) is one of the most popular questions we receive. If you already have a company sponsored retirement plan or are looking to start one before the November 1, 2019...
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According to the Illinois Secure Choice website "Illinois Secure Choice is a simple and convenient retirement savings program for employers who do not already offer a plan." What's not to like about that? This blog
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