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Monday, 02 March 2020 18:54

SCRS Offers Free 401(k) Plan Analysis to Collision Repair Industry Businesses Through Virginia Asset Management

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Scott Broaddus, CFP, AIF, partner at Virginia Asset Management, explained how to switch from a current 401(k) plan to SCRS’s Multiple Employer Retirement Plan during the association’s webinar on Feb. 26. Scott Broaddus, CFP, AIF, partner at Virginia Asset Management, explained how to switch from a current 401(k) plan to SCRS’s Multiple Employer Retirement Plan during the association’s webinar on Feb. 26. Submitted photo

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The Society of Collision Repair Specialists (SCRS) reiterated it is offering free retirement savings plan consultations to collision repair industry businesses in partnership with Virginia Asset Management, during a Feb. 26 webinar entitled “SCRS 401(k) Plan: Everything You Need to Know about Switching from an Existing Plan.”
“SCRS is really excited to share information about our Multiple Employer Retirement Plan (MEP), a customized 401(k) plan solution created specifically for SCRS members,” said SCRS Executive Director Aaron Schulenburg.
 
“Our goal is to increase retirement savings for industry professionals.”
 
Schulenburg encouraged collision repair industry businesses to take advantage of this opportunity. 
 
“There’s no fee for the one-on-one conversations with SCRS’s financial advisors to evaluate whether the MEP is best for your business needs,” he said. 
 
Schulenberg said the plan is meant for affiliate members as well as shops, and the consultations are open to non-members too, though they will need to join SCRS before signing onto the plan.
 
“We’ve seen members save thousands of dollars in a year, so it’s easy to justify the $475 annual membership fee,” Schulenberg said. 
 
“We know this plan is going to be a great value-added benefit to the businesses we serve.”

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