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Friday, 19 July 2019 07:06

SCRS Webinar Explains New MEP Retirement Plan

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He noted, “As the SCRS plan grows, the plan costs will continue to reduce for participants, but we’ve found that many business owners don’t actually know the cost of their 401K plan so we are offering a cost analysis to help shops determine if this is the right option for their businesses.”

 

In order to obtain a cost analysis, a shop needs to provide their list of plan investments and their 408(b)2 annual plan expense statement to receive an analysis within two business days. Requests can be made through the SCRS benefits site: scrsbenefitscenter.com. Broaddus and Pickel then spent some time answering attendees’ questions.

 

Schulenburg clarified, “While you need to be a member of SCRS in order to participate in the plan, you don’t have to be a member to shop the plan and decide if it’s a good fit for your business. We want any collision repair business to be able to compare the offers and explore the benefits before committing. This plan is situated to help small and large employers.”

 

“SCRS wants to enrich the lives of member businesses,” Schulenburg continued. “We see this as a way to unite the industry and keep more money in the hands of the shops. There are a lot of opportunities here for the collision repair industry and we encourage everyone to check out scrsbenefitscenter.com.”

 

The webinar is available to watch HERE


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