Illinois Secure Choice is a retirement savings program mandated by Illinois state law and administered by the Illinois State Treasurer's Office. Established by the Illinois Secure Choice Savings Program Act in 2015, the program's mission is to provide a simple and automatic way for private-sector employees to save for retirement. It requires Illinois employers who do not offer a qualified retirement plan and have five or more employees to facilitate the program, which automatically enrolls workers into a Roth Individual Retirement Account (IRA) managed by a third-party administrator.

Founded in

United States