Chamber of Commerce GPS Highlights
401K GROUP PLAN SOLUTIONS (GPS)
This cutting-edge 401K plan has recently been made possible specifically for the Chambers of Commerce by the SECURE Act, signed into law on December 20, 2019.
EXCLUSIVE 401K GROUP PLAN FOR THE CHAMBER OF COMMERCE
Offered by Prism Capital Management LLC, premier retirement-plan specialists, and only through the Chamber of Commerce, all businesses now have the opportunity to participate in similar 401k plans and benefits as those of large corporations.
HOW IT WORKS
Until now, the administration costs for a 401k plan were prohibitive for most businesses. As a member of the Chamber of Commerce, businesses can now get the benefit of an affordable 401k plan in the form of a Group Plan Solution (GPS). The GPS lowers the administration costs for participating members, without compromising quality, enabling more businesses and their employees to take advantage of the 401k retirement plan and anticipated tax benefits.
TURN-KEY 401K PLAN AND PRIVACY PROTECTION
The 401k GPS is a turn-key retirement plan designed to reduce employer and personal fiduciary liability, as well as minimize the costs and administrative work for businesses. The privacy of each business and its employees is completely protected just as it would be in an independent plan.
Benefits Of Joining
For Chambers:
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✓ Increase membership of all businesses in the Chamber by offering a much needed value-added benefit.
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✓ The more businesses that participate, the lower the administration costs for all parties.
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✓ Already have a 401k plan? The Chamber, businesses, along with their employees, are able to seamlessly transfer into the 401k GPS umbrella, and start cost savings immediately.
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✓ Working with the nation’s largest and most reputable 401k-plan administrators to develop this plan and its processes, Prism is able to put the 401k Group Plan into effect immediately.
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✓ Dedicated fiduciary financial advisor: Prism Capital Management, LLC
For Businesses:
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✓ For the first time, businesses that found 401k plans prohibitively expensive, now have an affordable option.
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✓ Administration rates decrease as more businesses participate in the GPS.
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✓ A GPS can be offered as part of the total compensation package.
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✓ Multiple business tax deductions and credits may apply.
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✓ Already have a 401k plan? Business owners, along with their employees, are able to seamlessly transfer into the Chamber’s 401k GPS and start cost savings immediately.
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✓ Dedicated fiduciary financial advisor: Prism Capital Management, LLC
Fiduciary Financial Services for the Community
Prism Capital Management, LLC puts your interests first in all we do. As an independent fiduciary financial advisor, we are legally bound to act in the best interests of our clients and are obligated to disclose any conflicts that could prevent us from serving your best interests. Our commitment to serve as a fiduciary is the foundation for trust required in an advisory relationship.
For more details about the 401k Group Plan Solutions (GPS) for your Chamber of Commerce, you are welcome to schedule a consultation by contacting our office directly at
360.419.6063, emailing us at
This email address is being protected from spambots. You need JavaScript enabled to view it.
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