Yes, a speeding ticket in Iowa will transfer to the Illinois resident's driving record.
Both Iowa and Illinois are members of the Drivers License Compact (DLC) which requires member states to share information regarding moving violation convictions. So the Iowa courts will inform the Illinois Secretary of State (SOS) of this speeding citation if you plead guilty and thus are convicted of this offense.
The IL Driver's Handbook states in chapter 6 that the Secretary of State keeps records of the traffic violations and accidents you accumulate while a resident of Illinois. If you are convicted of a traffic violation while driving in another state, the offense will be included on your record as though it happened in Illinois.
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