401k Program.
A Simpler, Smarter 401(k) Solution for Members.
Providing a competitive retirement benefit is important, but managing a 401(k) plan can be costly and time-consuming.
The Morgantown Area Partnership now offers access to its Members Only 401(k) Program designed to help local employers attract and retain great employees. Participating businesses can access potential savings on retirement plan costs, plus professional administrative, recordkeeping and fiduciary support.
According to program estimates, participating businesses may save approximately 30% to 50% in retirement plan costs. By participating in a larger retirement plan structure, the Members Only 401k Program, or Multiple Employer Aggregation Program (MEAP), helps businesses reduce administrative burden, gain access to fiduciary support, and strengthen employee benefits, while selecting plan options that meet their individual needs. Participating employers continue to make key plan choices, submit payroll information and contributions on time and monitor the program and its service providers. The MEAP offers members exclusive access to a professionally managed retirement plan solution through Merrill Lynch and Lincoln Financial.
Whether you’re looking to improve an existing retirement plan or offer one for the first time, our Members Only 401k Program can help your business provide a valuable benefit while focusing on what matters most: running your organization.
Why Consider the our Members Only 401k Program?
• Potential cost savings through a larger pooled plan
• Reduced administrative responsibilities
• Professional fiduciary and compliance support
• Competitive retirement benefits that help attract and retain employees
Ready to explore your options?
Schedule a no obligation consultation to learn how the Members Only 401k MEAP may support your business and your employees’ financial future.
Partnership members interested in learning more may contact:
Robert Koerber, CPFA Senior Financial Advisor
Merrill Lynch
ro************@**.com
304-848-1003
