San Francisco Chamber of Commerce 401(k) Multiple Employer Plan
The San Francisco Chamber of Commerce is pleased to announce the establishment of San Francisco Chamber of Commerce 401(k) Multiple Employer Plan, a robust retirement solution offered to San Francisco Chamber of Commerce members. Members now have access to a retirement plan designed to address cost efficiencies, simplify administration, and reduce fiduciary burden.
Presented by
A Message from our President & CEO
I'm thrilled to introduce the SF Chamber's Multiple Employer Retirement Plan (MEP) - a game-changer aligning with our mission to support your business journey. When you make use of the San Francisco Chamber of Commerce 401(k) MEP, you gain the benefits and flexibility comparable to being an independent plan sponsor.
Together, let's navigate the path to financial well-being and business prosperity. Thank you for your continued membership and dedication to the success of the San Francisco business community.
Respectfully,
What Does the Sign-Up Process Look Like?
It's as Easy as 1, 2, 3
Evaluation
Contact John K. Palladino, MBA, AIF®, CRPS®, Investment Advisor Representative at 401(k) & 403(b) Fiduciary Advisors.
Submit Your Information
Provide the requested information for your evaluation.
Schedule a Meeting
Schedule a no-cost fee and investment analysis and plan design evaluation meeting.
What is a Multiple Employer Plan (MEP)?
Multiple Employer Plans (MEPs) are a unique retirement plan for businesses that typically have a common interest but are not commonly owned or affiliated. These businesses are referred to as adopting employers when they elect to join the MEP. These plans can be defined contribution (DC) or defined benefit (DB) plans.
- A MEP is a retirement plan sponsored by one entity for unrelated organizations that share a common business interest.
- By joining the San Francisco Chamber of Commerce 401(k) Multiple Employer Plan (MEP) you are able to provide a powerful retirement plan, help save money, and spend less time administering it.
- When you join the MEP you will no longer have to file an individual Form 5500 or conduct an annual audit. The San Francisco Chamber of Commerce handles these responsibilities on behalf of all adopting employers.
- The partnership between 401(k) & 403(b) Fiduciary Advisors, Inc. and Transamerica provides your employees access to a high-quality plan with diversified investment options selected and monitored by a professional investment manager.
SAVE MONEY, SAVE TIME, IMPROVE EFFICIENCIES, REDUCE STRESS
Employer Benefits as a Member of MEP
- By joining the San Francisco Chamber of Commerce 401(k) Multiple Employer Plan (MEP) you are able to provide a powerful retirement plan, help save money, and spend less time administering it
- Reduce Paperwork, Mitigate your Fiduciary Risk
- Easy to adapt
- Lower costs
- Outsource fiduciary liability to our designated 3(16) and 3(38) advisors
- No individual Form 5500 reporting
- Minimal plan maintenance
- Flexible plan features, including safe harbor, Roth, and profit sharing, vesting schedules and more
- Administrative tasks are handled by a professional service team, giving you more time to manage your business.
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- Employee eligibility tracking
- Distribution processing
- Plan compliance
- Nondiscrimination testing
- Annual reporting
- Investment selection and monitoring
- Approve/deny loan and hardship requests
- Distribute mandatory communications/notices
- Participant enrollment/education
- Earn up to $5,000 in Tax Credits for Offering a Retirement Plan
- Attract and Retain Talented Employees
- Affordable Retirement Plan Option
Employee Benefits
- Your Retirement Outlook® is an online tool that helps participants see how employees are doing on the road to retirement using easy-to-understand weather icons.
- The Financial Wellness Center offers customized online learning experiences designed to encourage and inspire employees to take steps today that can lead to a more secure tomorrow.
- Personalized support from a team of experienced professionals.
- 24/7 online account access through our fully responsive participant website or mobile app.
Why Us?
As an industry leader and visionary, Transamerica has worked with multiple employer plans for over 20 years and are pioneers in the pooled-plan space. Their commitment then and now is to expand access to retirement planning for all Americans.
- Leading Experts
- Experienced Partners
- Affordable Solutions
- Dedicated Support
- Enhanced Outcomes
- Recordkeeping Specialists
By participating in the San Francisco Chamber of Commerce 401(k) Multiple Employer Plan, you are relieved of virtually all administrative tasks. Tasks that can be shifted may include:
- Administrative responsibilities
- Employee eligibility tracking
- Distribution processing
- Plan compliance
- Nondiscrimination testing
- Annual reporting
- Participant enrollment/education
The result is time for you to focus on running your business.
Transamerica's market-leading position, unique recordkeeping capabilities, and holistic participant experience make Transamerica a pooled-plan solution provider of choice.
How can we help?
Let’s get the ball rolling and move you one step closer to a 401(k) plan that saves you money, time, improves your business efficiencies, and reduces stress.
Get In Touch
Visit Us
Russ Building
235 Montgomery Street, #760
San Francisco, CA 94104
Call Today
Email Us
Contact John Palladino or a Transamerica representative today to learn more about the benefits of joining the San Francisco Chamber of Commerce's MEP.
John K. Palladino, MBA, AIF®, CRPS® | Investment Advisor Representative | 401(k) & 403(b) Fiduciary Advisors, Inc.
Office: (650) 931-2650 | Mobile: (415) 577-4900 | Email: jkp@401k403bFA.com