investing money for retirement
Central Pa.’s first pooled 401k plan launched
Airdate: August 17, 2022
Small businesses that don’t have many employees have struggled to offer retirement plans — often because starting a retirement package from scratch can be expensive.
The SECURE Act (Setting Every Community Up for Retirement Enhancement Act of 2019) that became law last year, created a new type of 401(k) called pooled employer plans that allows multiple employers to join one single retirement plan.
Conrad Siegel Investment Advisors and the Harrisburg Regional Chamber have partnered for the first pooled plan in the region called Central PA 401(k).
Conrad Siegel Partner and Consulting Actuary Trevor Bare and Harrisburg Regional Chamber President and CEO Ryan Unger appeared on Wednesday’s Smart Talk to provide details of the plan.