Greater Reading Chamber Alliance announces new 401(k) program for its members
The Greater Reading Chamber Alliance (GRCA) is pleased to now offer access to a 401(k) Multiple Employer Aggregation Program (MEAP) as a benefit of membership. GRCA has teamed up with Claudia Wert, Financial Advisor at Wert Investment Consulting Group of Wells Fargo Advisors, to present this exclusive offer to members.
“MEAP can be considered for employers who want to take advantage of collective buying power, reduced administration time and less fiduciary liability, while avoiding many of the complexities associated with joining a single scheme. Unlike other types of group plans, the MEAP allows each company to maintain its own individual match, vesting schedule, and contribution schedule. It should be noted that all plans can keep their current financial advisor on board. We look forward to welcoming you to the new GRCA advantage. Wert said.
The MEAP 401(k) program will help GRCA member companies reduce time and costs by transferring important plan administration, recordkeeping and fiduciary services to a third party.
“We are excited to offer our small business members the opportunity to attract and retain their employees through an easy and cost-effective way to implement a 401(k) program,” said Julie Larison, senior director of member services, GRCA.
The MEAP program is the latest in a growing list of exclusive GRCA member programs that offer savings and benefits to member companies and their employees, such as Constant Contact, Capital Blue, YMCA Berks, BetterHelp and Alvernia University.
Companies interested in joining GRCA and taking advantage of these programs can contact Larison at [email protected] or 610-898-7785. Current GRCA members or brokers interested in the MEAP 401(k) program can contact Wert at [email protected] or 610-378-3067.