The Illinois Secure Choice Savings Program is a program offered by the Illinois State Treasurer’s Office to meet the requirements of the Illinois Secure Choice Savings Program Act (820 ILCS 80/). To be subject to the Act, an employer must have at least five (5) employees, have been in business over two years, and not offer a qualified retirement savings plan. The Illinois Secure Choice Savings Program offers Illinois businesses the option to either offer a private market savings vehicle, or automatically enroll their employees into the Secure Choice Savings Program. Penalties for noncompliance became operable in February 2023. For additional information, please visit the Illinois Secure Choice Savings Program website.
The Illinois Department of Revenue (IDOR) is responsible for enforcement of the penalty provisions for Secure Choice. For information, see the Secure Choice Program Enforcement page on the IDOR website.