WEBINAR – SCRS 401(k) Plan: Everything You Need to Know About Switching From an Existing Plan
February 26, 2020 @ 2:00 pm - 4:00 pm
The Society of Collision Repair Specialists (SCRS) launched a 401(k) Multiple Employer Plan (MEP) in 2019, providing members with access to cost-effective retirement plans designed to reduce costs, mitigate administrative burdens, limit fiduciary risks and increase what our members are able to offer to attract and retain employees.
In this webinar, SCRS’ plan advisors will walk through topics designed to help inform businesses with an existing retirement solution in place about the benefit and process of adopting the SCRS plan.
Topics will include:
• New tax benefits from the SECURE ACT.
• What have we seen from members who have switched to SCRS plan, and how it has met expectations relative to key factors in the decision?
• How to navigate existing relationships with your current plan
• Educating employees and answering questions that have been common for participating businesses.
• Transition process: what is needed, timeline, integration and what to expect.
• What is needed for from your business to review and compare against your plan in 2020?
• Review of the current fee schedule and outline of fee reductions as the plan grows in size.
The webinar will also open up for live Q&A from those who call in. The goal is to answer your questions about how this benefit can help you. You do not have to be a member of SCRS to participate in the webinar or to have a plan analysis conducted; but non-members will need to join SCRS if they wish to participate in the plan.