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Small businesses in Illinois that have 5+ employees will be required to offer a retirement savings plan for their eligible employees.

401GO is an easy, affordable, and hassle-free way to meet the requirements for small businesses. Our platform is better than a grinder sandwich on a hot day!

Look at these benefits of a 401(k):

Read more about the state program comparison here.

While the published deadlines for MyCTSavings compliance have all past, the state extended the deadlines to August 31, 2023. Small businesses in Connecticut that have 5+ employees will be required to offer a retirement savings plan for their eligible employees. Failure to enroll in the state program or offer a work-based retirement plan could result in fines of $500-$1500.

401GO is an easy, affordable, and hassle-free way to meet the requirements for small businesses.

401GO offers higher contribution limits, employer contribution options, better investment options, and many more benefits that the Connecticut state program doesn’t. One big benefit of choosing 401GO is the protection of fiduciary oversight under the Employee Retirement Income Security Act of 1974 (ERISA). My CTSavings doesn’t have that protection. Read more about the state program comparison here.

401GO will put the power back in your hands, so you can control your own retirement! And don’t worry if you don’t know much about retirement plans, because our dedicated team of client relationship managers are here to help you secure your future.