Business Retirement Plans

There’s no substitute for value

Competitive cost + real value = right retirement plan

The Lubbock Chamber of Commerce MEAP 401(k):

Bringing real value to member businesses

We are proud to offer advisory services to the Lubbock Chamber of Commerce MEAP 401(k)!

What is a MEAP 401(k)?

A Multiple Employer Aggregation Program (or MEAP) 401(k) is a solution that organizations can offer to members to join—typically at a group rate. The program gathers many tasks involved in operating a retirement plan and provides additional solutions, like administrative and investment fiduciary services.

You get the benefit of offering a 401(k) to employees without having to own all of the work, responsibility and liability.

 

Perception vs. reality

We know a lot of considerations come with retirement plans:

  • You may be comfortable with the plan you have
  • Maybe you don’t think your employees would value such a benefit—or that your benefits can’t compete with larger companies
  • Maybe cost is on your mind

 

The reality is:

  • Your plan may be working—but in the group program, you may be able to make it even better and save money
  • Retirement plans are some of employees’ most valued benefits
  • In the group program, your plan is still your plan—and it helps you keep your competitive edge
  • The group rate may be less than you’re already paying

 

Strength—and value—in numbers

By joining the Lubbock Chamber of Commerce's MEAP 401(k) with Lincoln, you get:

  • Individual attention.
  • Access to potential pricing and service efficiencies—economies of scale—that you may not have by sponsoring a plan on your own.
  • The power of a group plan with the flexibility to customize your own plan design—retaining a design that’s working for you or changing to one that will. No need to forfeit your business’s distinct needs.

Meaning, you get to offer a plan that makes sense for you and your employees, vetted by the Lubbock Chamber of Commerce and other businesses like yours, all at a competitive group cost for each business that joins.

Schedule 15 minutes with us to explore how the Lubbock Chamber of Commerce MEAP 401(k) program can work for your business.

Schedule: Eric Sawyer's Calendar

Email: esawyer@peacefieldwealth.com

Call: (806) 810-401K (or 4015)

And check out the Lubbock Chamber's own website and video to learn more about the value of their MEAP 401(k) plan.