Wednesday, 17 April 2019 14:57

SCRS Introduces 401K Program as Member Benefit



As part of the benefit, Scott Broaddus, a Partner at Virginia Asset Management (VAM), has been hired as the key SCRS contact serving as the Investment Advisor for this Plan. Scott’s job is to educate members about the 401(k) features and how it may help your business.


“A business owner offering a 401(k) plan is required to run a compliant retirement plan while often having little previous experience managing workplace benefits,” shared Scott Broaddus. “Over the past 12 months, SCRS has worked hard to design an Association 401(k) plan that will save its members both time and money. With compliance and fiduciary oversight support, a business owner now has professional partners to ensure plan compliance while also saving on average 25 percent in total fees for its members with an existing 401k plan.”


If you would like to contact him directly, please find his contact information on the SCRS Benefits Marketplace.


If you have an existing 401(k) or SIMPLE IRA then VAM can also provide a complimentary report of your current investment options and Cost Analysis to keep for your fiduciary file. In work with preliminary participants, SCRS has identified savings ranging between $5,000 -$15,000 annually, while also presenting opportunities to positively impact employee plans and basis points.


“There has never been a better time to be a member of SCRS, or to consider joining,” added SCRS Executive Director Aaron Schulenburg. “We have said repeatedly that we believe small businesses deserve more and that we are going to do everything in our power to leverage the opportunities created by the size and scope of SCRS’ membership. We are exceptionally fortunate to have partners with a similar vision, and look forward to serving our members---and their employees---well with programs like this that can contribute to increased quality of life.”


For more information about SCRS, or to join as a member, visit www.scrs.com.

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