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RSG | Retirement Solution Group

RSG | Retirement Solution Group

Illinois Secure Choice Savings Program

Written by: Christie Cheng

Categories: Plan Advisory and Co-Fiduciary Services | Plan Consulting | Third Party Administration

Within the pension industry there are several choices to make. Now the government is throwing their hat in the ring with the new retirement savings Program, Illinois Secure Choice Savings Program. It may be time to think about your choices and consider why RSG should be your leading option.

Why RSG?
Illinois Secure Choice will be mandatory for all private sector employers who have 25 employees or more starting in November of 2019 that has been operating in the state for two years or more, who currently do not offer a qualified savings plan. Instead of participating in Secure Choice, an employer can choose to offer a qualified plan. WHILE RSG can customize a plan for you with our unique focus and knowledge of the industry.

Why RSG?
Illinois will be one of the first states to implement this type of program WHILE RSG has focused exclusively on the qualified retirement plan industry for years and are committed to providing fully customized, intelligent retirement solutions to our clients.

Why RSG?
With Illinois Secure Choice, employers will be responsible for distributing information materials, set-up payroll deduction process, and ensure timely remittance of employee’s contribution to the retirement plan provider WHILE RSG can tailor a solution to help by using our 3(16) services which encompasses remittance of contributions in a timely manner, setting- up payroll deduction with a record keeper that was picked by you. Our services allow you to have more flexibility and say-so with your retirement account.

Why RSG?
Illinois Secure Choice will provide a customer service representative to answer any questions WHILE RSG is a leader in their field, providing service in both investments and compliance facilitated by a licensed and dedicated team to help you reach your retirement goals.

Why RSG?
Illinois Secure Choice is responsible for making decisions about investment options available to participants of the program WHILE RSG can help you pick an investment house and tailored options that fit the goals of your company and the needs of your employees.

As Illinoisans, we are not saving enough for retirement. The legislature created Illinois Secure Choice to improve people’s access to and outcome for retirement savings. Like the government, RSG’s ultimate goal is to help people achieve their financial goals and have the ability to retire with dignity with their own choices on investment house, investment options and type of qualified plan… that is why RSG is a better choice.

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