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The deadline for all Illinois employers with 5 or more employees to offer their own retirement program or facilitate their employees’ participation in the Illinois Secure Choice Program operated by the Illinois State Treasurer as an Auto-IRA passed in November 2023. The intent is to boost retirement savings for all Illinois employees at little cost to employers, as no employer contribution is required. As financial penalties can be imposed for an employer’s failure to comply, quick action is needed if your business is required to offer the Illinois Secure Choice Program. The Illinois Treasurer’s website has full details. READ MORE

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