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Retirement Solutions for your Small Business
Retirement Solutions for Your Small Business | Illinois Secure Choice - SBA/DOL/ISTO - 10/3/2024
What Small Business Owners Need to Know about the IL State Law
The U.S. Small Business Administration (SBA) will host this free webinar where The U.S. Department of Labor (DOL) and the Illinois State Treasurer's Office (ISTO) will team up to provide information and offer solutions to small business owners about current IL State Laws regarding retirement plans for employees.
Illinois state law now requires that certain private-sector employers offer or contribute to a qualified retirement plan or facilitate employee enrollment in the Illinois Secure Choice retirement savings program.
In this session, the ISTO will cover the specifics of the state law and provide an overview of how Illinois Secure Choice works and how easy it is for businesses to facilitate retirement savings for their employees.
The DOL will cover various retirement plan options that employers can provide to their employees, focusing on SIMPLE IRA plans and 401(k) plans which are the most common retirement plans, then review the many features of each plan and talk about the employer’s role and responsibilities.
Then SBA will then provide a brief overview of the resources it provides to small business owners.
Registration is required. Please log on a few minutes early so we can troubleshoot any technical issues. Upon registering, we do ask a few questions about your business/organization. This will not be shared but is so we can better address issues related to our attendees. We're looking forward to seeing you there!
Thursday, October 3, 2024 at 1pm CDT
Date and Time
Thursday Oct 3, 2024
9:30 AM - 10:30 AM CDT
Fees/Admission
Free to attend, Registration Required
https://events.gcc.teams.microsoft.com/event/80adb6ba-d732-4324-a9fe-8390635bfe35@3c89fd8a-7f68-4667-aa15-41ebf2208961/registration
P.S. - Please log on a few minutes early so that you don't miss any of the precious info! Upon registering, we do ask a few questions about your business. This will not be shared, it is just so we can better address our attending current and soon-to-be business owners and their needs.
About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
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