The Southern Ohio Chamber Alliance provides an extensive range of benefits to local businesses of all industries in Ohio. We invite you to view our list of benefits below.
(Please contact your Chamber to determine if they offer this benefit.)
Many small businesses wish they could provide employees with a valuable retirement or 401(k) plan, but are concerned about:
Thanks to new legislation, small-to-mid-sized employers can pool together in the same retirement plan, providing affordable retirement benefits like some of the largest companies in the country.
Under the SECURE Act (and now SECURE 2.0), employers can offer retirement plans and retirement savings to their employees through a Pooled Employer Plan (PEP).
This new kind of defined retirement contribution plan similar to the 401(k) plans, but have many advantages for both your business and your employees.
As a SOCA member, your small business has the option of providing a retirement plan for your small business through the SOCA Pooled Employer Plan (SOCA PEP). In a Pooled Employer Plan (PEP), employers of all sizes, industries, and locations can join together and become “member employers”.
The SOCA PEP retirement plan is responsible for establishing, management, fiduciary oversight, and operations of the retirement plan on behalf of the member employers.
With the SOCA PEP, member employers can take advantage of:
For Member Employers:
For Individual Employee Participants:
It can be difficult to navigate the complex world of retirement planning for your Ohio small business. Discover how our SOCA Pooled Employer Plan can help your small business provide affordable retirement benefits.
To learn more about the SOCA PEP contact Dale Essenmacher, Regional Vice President of Newport Group at (248)212-3223 or dale.essenmacher@newportgroup.com