IL business must provide a qualified retirement plan such as 401k or enroll with Illinois Secure Choice
IL - New Mandatory Requirement
IL Secure Choice
In early 2018, Illinois launched a pilot for Illinois Secure Choice, a state-sponsored retirement program. This new, simple way to save for retirement provides a Roth Individual Retirement Arrangement (IRA) to those employees who do not have access to a retirement savings plan through work.
Secure Choice offers Illinois businesses with at least 25 employees, that have been in business for two or more years, and who do not currently provide a qualified savings plan the option to either offer a private market savings vehicle, or automatically enroll their employees into Secure Choice.
Secure Choice participants will be enrolled in a default target date Roth IRA with a default five percent payroll deduction, but could choose to change their contribution level or fund option at any time, or choose to opt-out of the program altogether. Accounts are owned by individual participants and will be portable from job-to-job.
2018 Earned Income Credit (EIC) Table
2018 Earned Income Credit (EIC) Table 2018 Earned Income Credit (EIC) TableCaution. This is not a tax table. 1. To find your credit, read down the “At least – But less than” columns and find the line that includes the amount you were told to look up from your EIC Worksheet. 2. Then, go to
Elementor #501
IL Secure Choice FAQ What is Secure Choice? The Illinois Secure Choice Savings Program is a retirement savings vehicle for private sector workers in Illinois that do not have access to an employer-sponsored plan. Secure Choice enables workers to save their own money easily and safely through a regular payroll deduction, and doesn’t burden employers with administrative or
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