STATE:

Why NFIB

Take Action

Get Support

Stay Informed

Podcast Podcast

Careers Careers

Join Now

Home / News /

Illinois Secure Choice Begins Issuing Fine Letters

March 1, 2023

Illinois Secure Choice Begins Issuing Fine Letters

The Illinois Secure Choice Savings Program mandates that any employer with more than 15 employees must either provide those employees with a retirement savings program or register its employees with the Secure Choice program so that they might voluntarily begin saving. Eligible businesses with greater than 15 employees that are yet to comply with the mandated filing have begun to receive letters indicating monetary fines. Fines are substantial and can accumulate in the tens of thousands of dollars. The Illinois State Treasurer’s Office, which administers the Program, has been very vocal that it would begin issuing fine letters to certain eligible employers beginning in February of 2023. NFIB is aware that employers have begun to receive these fine letters. Do not wait to become compliant. If you have more than 15 employees, you can register your employer provided retirement savings program or register your employees at the following link: Illinois Secure Choice | Employer Information (ilsecurechoice.com). The Treasurer’s Office will work with employers to become compliant.

Topics:

Uncategorized

State:

Illinois

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

a lady working on a bike wheel on a wooden desk at a bike repair shop

July 16, 2026

NFIB Illinois State Director Reacts to Increase in National Small Business Optimism

NFIB Illinois State Director Noah Finley reacts to increase in the June Small Business Optimism Report

July 10, 2026

NFIB Celebrates John Deere Settlement And What it Means For Illinois Small Businesses

NFIB Illinois State Director explains why Right to Repair is beneficial for small businesses

July 9, 2026

New Report on New York’s Small Business Economy Released

“[S]ignificantly few New York owners reported their small businesses as being in excellent or good health compared to the U.S.”

July 9, 2026

COLUMN: Small Business Owners Should Not Be Blocked From Fixing Others’ Equipment

State Director Jim Brown urges Congress to pass the REPAIR Act.

Illinois Secure Choice Begins Issuing Fine Letters

Related Articles