401(k) Multiple Employer Aggregation Program (MEAP)
Georgetown Chamber Partners with Lincoln Financial to Offer Retirement Opportunity for Members
At the Georgetown Chamber of Commerce, our goal is to empower our members to achieve success by offering valuable services and programs. We introducing a new retirement planning solution designed to support our members in planning for the future.
In partnership with Lincoln Financial, a nationally renowned leader in retirement planning, we've developed a unique program that harnesses the benefits of group participation. This cost-effective, ready-to-implement 401(K) solution makes it easier than ever for you to provide a comprehensive retirement plan for your employees.
What is a 401(k) MEAP program?
A Multiple Employer Aggregation Program (MEAP) is a qualified retirement plan adopted by multiple employers through their association with the sponsoring organization, which acts as the lead sponsor. The MEAP is designed to gather the plan’s important administrative, recordkeeping and fiduciary services to be overseen by a third party, which allows the plan sponsors who participate to outsource many responsibilities that come with running a retirement plan, and often, helps reduce costs.
Why Should you Consider Joining a MEAP?
Because businesses want a retirement plan solution that is easy, protects them, and is cost competitive.
How much will this cost?
The MEAP delivers more value and services – potentially at similar or less cost than they are already paying. And, as plans grow, they’re reviewed regularly for price reductions.
Take the Next Step
Reach out to our plan administrator, David Boren, with Chisholm Trail Financial.
(512) 671-7526 ext 112
David Boren dboren@chisholmtrailfinancial.com