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⚠ Don't miss the deadline to do better than Secure Choice.
Date: November 1, 2022

Do Better​ than IL Secure Choice with a Ubiquity Small Business 401(k)

  • Flat Fee Structure (Could potentially end up with more than $161,385 with us over 30 years)¹
  • Plug-n-Play Payroll Integration
  • 30k Mutual Funds + ETFs + ERISA 3(38) Plans
  • Best in Class Compliance Support
  • Live Customer Support
100% Meets IL State Retirement Regulations
23+ years of expertise pioneering 401(k)s

Hurry, before prices go up! Trust the only small business 401(k) provider ranked #1 in Google reviews.


Call toll-free 866-264-6465
or schedule a free consultation
with a retirement specialist.

Chicago Illinois at dusk

Alert: Time is Running Out for IL Small Businesses to do Better than the Secure Choice Retirement Plan the State Offers

If you are reading this page, you are probably one of thousands of Illinois small business owners researching the best retirement option for your business and your employees before the upcoming deadline.

By November 1st, 2022, all Illinois businesses with 16-24 employees will be required to sign up for the one-size-fits-all, state-provided Individual Retirement Account (IRA) or select an eligible retirement plan with a private provider. When making a choice between an IRA and a private 401(k), you need to be aware of the key differences between those two products:

  • 401(k) plans allow you to save more with a maximum contribution amount of $20,500 (over 3x higher than the Secure Choice IRA)
  • Only with a 401(k) can you have an additional annual employer contribution limit of up to $40,500 (not available with a Secure Choice IRA)
  • Flat fee structure – May potentially end up with more than $161,385 with us over 30 years¹​
  • Our 401(k) plan offers you up to $16,500 in tax credits over three years*

(*Eligible employers may be able to claim a tax credit of up to $5,000, for three years, for ordinary and necessary costs of starting a 401(k) plan. IRS’ qualifying factors are: you had 100 or fewer employees who received at least $5,000 in compensation from you in the preceding year, you had at least one participant who was a non-highly compensated employee (NHCE) and in the three tax years before the first year you’re eligible for the credit, your employees were substantially the same employees who received contributions or accrued benefits in another plan sponsored by you, a member of a controlled group that includes you, or a predecessor of either. Those plans with automatic enrollment can claim a tax credit of $500 per year for a 3 year taxable period.) 

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How many employees do you have?
I am a sole proprietor
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End Up With Potentially Over $161,385 More Money With a Ubiquity 401(k)

It’s hard to believe, but it’s true. Ubiquity has only flat fees that don’t cost you more as your retirement savings grow. But with IL’s state plan,your fee will get bigger and bigger as your retirementbalance grows over the years. Over 30 years you could end up with over $161,385 more money with us vs using the IL state plan. Thebetter plan is clear – the Ubiquity 401(k)!


Let’s look at the following example:
Jennifer and Joshua each have retirement plans that they contribute $6,000 to every year. Jennifer’s plan is with Ubiquity Retirement + Savings and her fees are flat $5/month. Joshua’s plan is with Secure Choice and his annual asset based % fee is 0.75%.

It grows an average of 10% every year. At the end of 30 years Jennifer’s account is worth $1,125,804, with fees of $1,800 with her Ubiquity 401(k).

Joshua’s account is only worth $964,413, with fees of $66,547. Ubiquity’s flat fees could help you end up with over $161,385 more money over 30 years vs. IL Secure Choice IRA.

Top 5 Reasons a Ubiquity 401(k) Beats the IL State Plan

  1. Ubiquity 401(k) 100% complies with the IL state mandate requirements
  2. Ubiquity 401(k) could save more in personal and business taxes than IL state plan while lowering taxable income—additional tax credits are available with us
  3. Ubiquity 401(k)s plug-n-play payroll integration saves time and prevents stress by integrating payroll and automating plan administration
  4. Flat fee structure – end up potentially with more than $161,385 with us over 30 years vs. the IL state plan¹
  5. Ubiquity 401(k) is not tied to the state—protect your retirement money by choosing a private option

​You can either choose the state plan with limited options or you can choose the better plan, the one thousands of your fellow IL small business owners have chosen: the Ubiquity 401(k). ​

Call toll-free 866-264-6465

Why IL Small Businesses Choose the Ubiquity 401(k)

If you want to be able to:

  • Save 3x more for retirement
  • End up with potentially more than $161,385 more money with us over 30 years¹
  • Trust your retirement to the #1 ranked 401(k) provider to small businesses on Google reviews²

The choice is clear: the Ubiquity 401(k). See below for even more reasons.

State Plan

Ubiquity 401(k)

Maximum employee annual contribution amount

$6,000

$20,500¹

Additional annual employer contribution limit

Not offered

Yes, up to an additional $40,500¹

Flat fees that don’t increase with your account balance

No, asset-based fees

Yes, flat fees

$15,000 credit to offset setup costs2

No

Yes

Flexible auto-enrollment and vesting schedules

No

Yes

Investment guidance based on individual risk tolerance

No

Yes

Employee enrollment meetings and education

No

Yes

Auto-enrollment and escalation

Required at mandated levels

Optional and flexible

Customizable investment lineups

No

Yes

1.  This limit is subject to cost-of-living increases for later years (for prior years, refer to this cost-of-living adjustment table.)
2. Available to eligible employers who have less than 100 employees who received at least $5,000 in compensation in the previous year, had at least one participant who was a non-highly compensated employee, and in the last 3 years did not contribute to a benefit plan for your employees through a plan sponsored by you or a member of a controlled group that includes you.

Important Deadlines

Employer Size

Registration Deadline

16–24 employees

—DEADLINE APPROACHING!—

November 1, 2022

5–15 employees

November 1, 2023

Choose a Better Path to Savings

maximum savings contribution UbiquityAct before the November 1, 2022 deadline. Hurry before prices increase!

Call toll-free at Call toll-free 866-264-6465 to get started.

¹ 1 This calculation assumes the following scenario: Jennifer and Joshua each open retirement plans with $6,000 starting balance. Jennifer’s plan is with Ubiquity Retirement + Savings and her fees are flat $5/month. Joshua’s plan is with Secure Choice and his annual employee pricing fee is 0.75%. Assuming they contribute $6,000 each year for 30 years, and it grows an average of 10% every year, at the end of 30 years Jennifer’s account is worth $1,125,804 with fees of $1,800 with her Ubiquity 401(k). Joshua’s account is only worth $964,413 with fees of $66,547. Ubiquity’s flat fees could help you end up with $161,390 more money over 30 years vs. IL Secure Choice IRA.

³ Google ratings are based on client reviews of Ubiquity Retirement + Savings products and services. Details on the methodology Google employs to calculate ratings can be found here. Rates currently displayed are as of September 30, 2022 and are based on reviews from 2014 through 2022

³ This percentage is based on surveys sent by Ubiquity Retirement + Savings and completed by clients of Ubiquity Retirement + Savings using specific product types.

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