Peacefield Wealth Solutions
Lubbock Chamber of Commerce MEAP 401(k)
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.