Regional Vice President of Sales The Retirement Plan Company
|
Bates & Company, Inc.
|
AimPoint Pension
|
Loan & Distribution Specialist AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Illinois Mandated Retirement Program May Mean Penalties for State's Cannabis Industry
CannaBizCentral Sept. 14, 2020 "[E]mployers in Illinois with at least 25 employees must comply with the Illinois' Secure Choice or offer employees an employer-sponsored retirement plan.... Enrollment for large employers with at least 500 employees was in December 2018; for employers with 100-499, July 2019; and for employers with 25-99, November 2019. In other words, if you have been operating for at least two years with 25 employees, ... [and] you haven't registered for Secure Choice and you haven't established a 401(k) plan, then you are exposed to a penalty of $250 per employee for the first year, and $500 per employee for each subsequent year." |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |