/PRNewswire/ Mesirow is pleased to announce that four members of its Retirement Advisory Services team – Vincent Allegra, Kevin Babb, Charles Lawless and.
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CHICAGO, May 11, 2021 /PRNewswire/ The Chicagoland Chamber of Commerce today announced that a new Pooled Employer Plan ( PEP ) will be made available to all current Chamber members. The Chicagoland Chamber of Commerce PEP offers members the opportunity to pool their retirement plans together, creating collective purchasing power that reduces cost and enhances services for its members and provides a 401(k) experience comparable to some of the largest companies in the country. The PEP will also enable Chamber members to more effectively manage fiduciary risk and outsource plan operations, often at a lower cost than a traditional 401(k) plan.
Chicagoland Chamber of Commerce starts pooled employer plan
Chicagoland Chamber of Commerce starts pooled employer plan
Chicagoland Chamber of Commerce, Chicago, launched a pooled employer plan.
The plan will offer members the opportunity to pool their retirement plans together as an alternative to single-employer 401(k) plans or the Illinois Secure Choice plan, the chamber announced in a news release Tuesday.
Mesirow Retirement Advisory Services is overseeing the Chicagoland Chamber of Commerce PEP, according to the news release. The firm serves as the pooled plan provider as well as the 3(16) plan administrator and 3(38) investment manager.
The Chicagoland Chamber of Commerce is a non-profit organization with more than 1,000 member companies with a total of 400,000 employees.