IL Roth Mandate on Hold

The landmark legislation pass in Illinois making it the first state to mandate that employers automatically enroll their employees in a qualified retirement plan is under review by the federal Department of Labor (DOL).  This, however, was actually part of the legislation.  The Illinois legislators were uncertain of the potential for federal “uncertainty” especially when it came to the responsibilities under ERISA so they required that it be reviewed by the DOL prior to implementing the law which is suppose to take effect on June 1, 2017.  It will be in my blog as soon as the ruling comes down from the DOL.

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