Lunch & Learn: Illinois Retirement Plan Mandate

Join the Greater Ravenswood Chamber of Commerce at Falcon's Handcrafted Sandwiches for an afternoon Lunch & Learn event. Listen to a presentation from experts in their fields, have lunch, and participate in a Q&A.

Illinois Secure Choice is a state-facilitated program that provides workers with an easy way to save for retirement and is simple for employers to facilitate. Starting this November, businesses with at least 5 employees, and that have been in business for 2 or more years, must offer a qualified retirement plan or automatically enroll their employees into Secure Choice.

Andy Adams, a local Wealth Advisor with Alera Group, will review everything you need to know about the program. This brief presentation will cover program eligibility, requirements, deadlines, and enrollment. Registration is free and includes a tasty lunch from Falcon’s, courtesy of Alera Group. There will be time for Q&A after the presentation.

Registration closes at noon on Wednesday, November 8. Advanced registration is required.

The Illinois Secure Choice program was created to encourage more people to save for retirement. As of June 2023, Secure Choice has over 125,000 participants who together have saved over $125 million for retirement. Employers who don’t meet their required deadlines may be subject to enforcement, including financial penalties up to $500 per employee. To learn more, visit www.ilsecurechoice.com.