Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 721 - SECURE CHOICE SAVINGS PROGRAM
Subpart E - ACCOUNTS, INVESTMENTS AND STATEMENTS
Section 721.530 - Limits on Investment and Direction
Universal Citation: 74 IL Admin Code ยง 721.530
Current through Register Vol. 48, No. 12, March 22, 2024
a) The Board may set limits on the number of times participants can change the investment options of their contributions or adjust their contribution rate in any calendar year.
b) The Board shall select a default contribution rate for participants within the range of 3% to 6% of a participant's wages.
c) The Board shall select a default investment option for the accounts, in accordance with Section 721.330.
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