Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Retirement Plan Administrator

Farmer & Betts, Inc.
(Remote / WA)

Farmer & Betts, Inc. logo

Distribution \ Loan Clerk

Retirement, LLC
(Remote / Oklahoma City OK)

Retirement, LLC logo

Retirement Plan Legal Specialist

Pentegra
(Remote / West Harrison NY)

Pentegra logo

Sales Consultant

EPIC Retirement Plan Services
(Remote / Norwich NY / KY / MA / ME / OH / PA / VT)

EPIC Retirement Plan Services logo

DC Plan Administrator

Retirement, LLC
(Remote / Oklahoma City OK)

Retirement, LLC logo

Administrator/Consultant (DC and DB)

TPA Professionals
(Remote)

Retirement Plan Consultant

EPIC: TPA/DPS
(Remote / Norwich NY)

EPIC: TPA/DPS logo

Retirement Plan Relationship Manager

ERISA Services, Inc.
(Remote)

ERISA Services, Inc. logo

Employee Benefits and Executive Compensation Associate Attorney

Verrill
(Portland ME / Boston MA)

Verrill logo

Retirement Plan Administrator (TPA)

Retirement Plan Consultants
(Remote)

Retirement Plan Consultants logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Corona CA / Rancho Cordova CA)

Nicholas Pension Consultants logo

Quality Assurance Manager

Bates & Company
(Remote / Winter Park FL)

Bates & Company logo

Jr Retirement Plan Administrator/ Administrative Assistant

Hochheiser Deutsch & Co, Inc.
(Melville NY)

Hochheiser Deutsch & Co, Inc. logo

Retirement Plan Consultant

Carpenter Morse Group
(Remote)

Carpenter Morse Group logo

Employee Benefits & Executive Compensation Associate Attorney

Polsinelli PC
(Chicago IL / Dallas TX / Kansas City MO)

Polsinelli PC logo

Compliance Analyst

Pentegra
(Remote / West Harrison NY)

Pentegra logo

Retirement Plan Documents Specialist

Loren D. Stark Company
(Remote)

Loren D. Stark Company logo

Retirement Plan Specialist

RTD Financial Advisors
(Philadelphia PA)

RTD Financial Advisors logo

Retirement Plan Administrator

Kentucky Trust Company
(Danville KY)

Kentucky Trust Company logo

Fund Administrator

Plumbers Local Union No. 1 Benefit Funds
(Long Island City NY)

Executive Compensation Lawyer

Trucker Huss, A Professional Corporation
(Remote / San Francisco CA)

Trucker Huss, A Professional Corporation logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

Press Releases by Date   |   Press Releases by Company Name


View More Press Releases by ERIC [ERISA Industry Committee]

Press Release

ERIC Secures Permanent Exemption from Illinois Secure Choice Retirement Savings Program Reporting Requirements for ERIC Members

Issued by ERIC [ERISA Industry Committee]

Apr. 18, 2019

Washington, DC, April 18, 2019 - The ERISA Industry Committee (ERIC) has secured a permanent exemption for ERIC members from the Illinois Secure Choice Retirement Savings Program (Secure Choice) reporting requirements.

Under a Memorandum of Understanding (the Memorandum) with the Office of the Illinois State Treasurer, ERIC members are not required to make any filings with the Treasurer in order to be exempt from the requirement to enroll its Illinois-based employees in Secure Choice. An ERIC member will be exempt by having ERIC communicate on its behalf to the State Treasurer that the company is an ERIC member.

"We are hopeful that other states that impose automatic enrollment IRA programs will see the Memorandum as a viable alternative to imposing reporting obligations," said Aliya Robinson, Senior Vice President, Retirement and Compensation. "ERIC will continue advocating on the federal, state, and local levels to protect large employers' ability to design and administer health and retirement plans unique to their workforces without mandates that violate federal law. The ability of large employers to follow a single set of federal rules is critical to their ability to provide benefits to their workers, families, and retirees across the country. ERIC does not oppose state efforts to provide retirement plan options to employers that do not offer a retirement plan but opposes any attempt to mandate reporting or other obligations on companies that offer a federally-regulated retirement plan."

Last year, ERIC secured an exemption from the OregonSaves reporting requirement. ERIC had sued the Oregon Retirement Savings Board in 2017 for violating the federal Employee Retirement Income Security Act of 1974 (ERISA) by requiring employers with ERISA plans to comply with reporting rules imposed by the state-run mandatory retirement plan, OregonSaves.

In its complaint, ERIC argued that ERISA, which governs retirement plans, like 401(k) plans, preempts the OregonSaves reporting requirements imposed on employers that already provide an ERISA retirement plan to their Oregon employees.

About The ERISA Industry Committee
The ERISA Industry Committee (ERIC) is the only national association that advocates exclusively for large employers on health, retirement, and compensation public policies at the state, federal, and local levels. Learn more at eric.org.

BL:hh

View More Press Releases by ERIC [ERISA Industry Committee]


Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2023 BenefitsLink.com, Inc.