The Greater Reading Chamber Alliance (GRCA) is pleased to now offer access to a Multiple Employer Aggregation Program (MEAP) 401(k) program as a benefit of membership. GRCA has partnered with Claudia Wert, a financial advisor at Wert Investment Consulting Group of Wells Fargo Advisors, to introduce this member-exclusive offering.
“The MEAP can be considered for employers who want to take advantage of collective purchasing power, a reduction in administration time and less fiduciary responsibility, while avoiding many of the complexities associated with joining a single plan. Unlike other types of group plans, the MEAP allows each company to maintain their own individual match, vesting schedule, and contribution timeline. It should be noted that all plans can keep their current financial advisor on board. We look forward to welcoming you to the GRCA’s newest benefit.” said Wert.
The MEAP 401(k) program will help GRCA member companies reduce time and cost by moving the plan’s important administrative, recordkeeping and fiduciary services to be overseen by a third party.
“We are pleased to offer our small business members an opportunity to attract and retain their employees with a cost-effective and easy way to implement a 401(k) program,” said Julie Larison, Senior Director of Membership Services, GRCA.
The MEAP program is the latest in a growing list of GRCA’s member-exclusive 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 may contact Larison at [email protected] or 610-898-7785. Current GRCA members or brokers interested in the MEAP 401(k) program may contact Wert at [email protected] or 610-378-3067.