A New Choice
for Retirement Savings

What is Illinois Secure Choice?

Illinois Secure Choice is a convenient, low-cost retirement savings program for employers who do not already offer a plan. With Illinois Secure Choice, you can help your employees save for their future. We know you value what they do for your business, and there is no greater form of appreciation than helping them save for a secure retirement. With Illinois Secure Choice, your hard-working employees can save for retirement through payroll deductions into a Roth Individual Retirement Account (IRA). They always remain in control of their account and retain it if they change jobs.

Quick Facts for Employers
  • Registering your business is easy
  • There are no fees for employers to facilitate the program
  • Employers cannot make contributions
  • Employers serve a limited role as a facilitator
Important Employee Information
  • Their Illinois Secure Choice account is a Roth IRA
  • The default savings rate is 5% of gross pay
  • Employees will be auto-enrolled after 30 days and will begin saving through payroll contributions
  • They can opt out at any time

Getting Started

Register My Business

If you meet our eligibility criteria, you’ll be notified by the state of Illinois when it's time for your company to register.

Setup My Account

Once you’re registered, there will be a few things to set up within your account.

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  • Add delegates and payroll representatives
    We know that sometimes a little extra help goes a long way, so you can select delegates within your company to help you manage these tasks. If you use an external payroll provider, you can also add them as payroll representatives–all we need is their information and a brief explanation of what they will do on your account.
  • Create a payroll list
    Before you can add employees, you’ll need to set up payroll lists in a way that best makes sense for your business.
  • Add employees
    Once your payroll list(s) is set up in your employer portal, you’ll add all of your employees. You’ll need their contact information: address, phone number, email address, legal name, social security number (SSN) or individual tax identification Number (ITIN) and Date of birth.
  • Process payroll contributions
    After the employee’s 30 day opt out period, you’ll start sending contributions and acknowledge contribution changes whenever employees request them.
Learn More Register Business

or walk through the steps with our registration checklist

Registration Timeline

May 2018

Pilot Phase

November 2018

Wave 1

Employers with 500+ employees
July 2019

Wave 2

Employers with 100-499 employees
November 2019

Wave 3

Employers with 25-99 employees
Interested in participating in the pilot? Contact us today.

By joining the pilot program, you’ll lead the way for all eligible employers in Illinois. In addition to being the first to offer this benefit to your employees, you’ll also provide feedback to help improve the program.