As a Lubbock Chamber member, you have access to benefits and resources that can make a difference for your business and your employees—the Lubbock Chamber 401(k) program is one more important example.
 
What is a 401(k) program?
It’s a group 401(k) solution that organizations can offer to members, like you, to join—typically at a group rate. The program gathers many tasks involved in operating a retirement plan and hands them over to third parties, like administrative and investment fiduciaries. So you get the benefit of offering a 401(k) plan to employees without having to own all of the work, responsibility and liability.
                                                                                               
What’s your take on retirement plans?
We know a lot of considerations come with offering a retirement plan:

• You may be comfortable with the plan you have.
• Maybe you don’t think your employees would value such a benefit—or that your benefits can’t compete with larger companies.
• Maybe cost is on your mind.

• Your plan may be working—but in the group program, you may be able to make it even better and save money.
• Retirement plans are some of employees’ most valued benefits.
• In the group program, your plan is still your plan—and it helps you keep your competitive edge.
• The group rate may be less than you’re already paying.

• Individual attention.
• Access to potential pricing and service efficiencies—economies of scale—that you may not have by sponsoring a plan on your own.
• The power of a group plan with the flexibility to customize your own plan design—retaining a design that’s working for you or changing to one that will. No need to forfeit your business’s distinct needs.