To learn about how we are supporting our employers and savers during this difficult time, please read our COVID-19 Message. We are here for you throughout this difficult time.
Illinois Secure Choices is a simple way for you to save for retirement. You can enroll through your employer if they register for the program or you can sign yourself up today!
NOTE: Illinois Secure Choice accounts are Roth IRAs, and those with higher incomes may not be eligible to contribute. If you earn more than the Roth IRA income limits set by the federal government, you may need to opt out of Illinois Secure Choice. Learn more about contribution limits.
Illinois Secure Choice also offers a Traditional IRA option to savers who need to recharacterize their contributions. Contact client services to get the process started.
You pay an Illinois Secure Choice administrative fee that’s necessary to cover the costs of the administration of the program and operating expenses. This fee is collected in the form of an annual asset-based fee of approximately 0.75%. This means you will pay approximately $0.75 (75 cents) per year for every $100 in your account.
Program Administrator Fee (State)
Program Administrator Fee (Administrator)
Underlying Fund Fee
Total Annualized Asset-Based Fee+
The fee covers all administrative costs:
You will not get a bill. This fee is computed daily and netted from the assets in an investment option. This means when investment returns are credited to your accounts, the fee is automatically deducted from the return to help pay for the administration of the program.