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Do You Offer a Retirement Plan Yet? What Illinois Small Businesses Need to Know About the New State Requirement.

Do You Offer a Retirement Plan Yet? What Illinois Small Businesses Need to Know About the New State Requirement.

As of November 1, 2019, the Illinois Secure Choice Savings Program Act (more commonly known as Secure Choice) will require all businesses with over 25 employees that have been operating for more than two years to offer their employees access to a qualified retirement savings account. 

If you’re a small business located in IL here’s what you need to know…