Illinois Secure Choice – Overview

What is Illinois Secure Choice?

A state law enacted in 2015 that requires certain businesses to either sponsor their own qualified retirement plan or facilitate the Illinois Secure Choice program as a way for employees to save for retirement at work.

Participating employees save a portion of their pay in an Individual Retirement Account (IRA) through payroll deduction facilitated by their employer.

In 2025, we will welcome employers that had at least 5 Illinois employees in every quarter of 2024 and that are newly covered by the state law ahead of a registration/exemption deadline of November 1, 2025

Employers with fewer than 5 Illinois employees Such employers are not subject to the Program Act, may not participate in automatic enrollment of their employees, and are not required to register for Illinois Secure Choice. Non-mandated employers may choose, but are not required, to facilitate payroll deductions for employees who opt in on their own as individual participants and subsequently request that their employer facilitate deductions.