Administer Illinois Secure Choice

Eligibility and Registration

Employers in Illinois who meet all of the following criteria will be required to facilitate Illinois Secure Choice:

  • Have 25 or more employees
  • Have been in operation for at least two years
  • Do not offer an employer-sponsored retirement plan

Registration information

You’ll be notified by the Program when it's time for your business to register. You’ll need the following information before you begin:

  • Federal Employer Identification or Tax Identification Number (EIN/TIN)
  • Illinois Secure Choice access code from your notification

What if I already offer a retirement savings plan?

We’re glad you’re already taking steps to help your employees save for retirement. Illinois Secure Choice does not apply to employers who already offer an employer-sponsored retirement plan, so you have no action to take at this time.

What counts as an employer-sponsored retirement plan?

An employer-sponsored retirement plan includes a plan qualified under Internal Revenue Code sections:

  • 401(a) or 401(k) plan) - Qualified plan (including profit sharing plans and defined benefits plans)
  • 403(a) - Qualified annuity plan
  • 403(b) - Tax-sheltered annuity
  • 408(k) - Simplified Employee Pension (SEP) plan
  • 408(p) - SIMPLE IRA plan
  • 457(b) - Governmental tax-deferred compensation plan
  • or Taft-Hartley plan

It does not include payroll deduction IRAs.

Ongoing maintenance

Once your Illinois Secure Choice employer account is set up and ready to go, you’ll be responsible for ongoing maintenance: submitting employees’ contributions and updating your employee list.