The Chicago Roofing Contractors Association is dedicated to continually enhancing our products and services to meet the ever-changing business needs of our membership. We aim to offer you access to the most competitive programs, products, and services available in the marketplace today.
To that end, CRCA is delighted to announce that we are sponsoring a Multiple Employer Aggregation Program (MEAP) that is available to all CRCA Member Companies. A MEAP is a group 401k/retirement plan program designed to gather each plan’s administrative, recordkeeping and fiduciary services to be overseen by third party fiduciaries. (Learn more about MEAPs)
CRCA has partnered with The J & R Group of Merrill Lynch for fiduciary investment advisory services, Lincoln Financial will be the retirement plan provider and The Retirement Advantage (TRA) the administrative fiduciary. By utilizing the retirement program, each member company continues to maintain their own plan and their own plan design, but receives the benefits of asset pooling and centralizing of providers and investment options. (It's time to review your 401k Program)
You and your employees will have access to many enhanced retirement plan features and benefits, such as:
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Reduced retirement plan administration – As members, you are able to outsource 401(k) administration to retirement experts who will ensure the plan is in compliance.
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Reduced fiduciary liability – The program’s providers will assume fiduciary responsibility on behalf of members that join, and will ensure your plan is operating in the best interest of participants.
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Streamlined costs – Potentially reduced plan expenses (i.e. recordkeeping, advisory, and investment options).
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Best-in-class, low cost investment options – Investments from Vanguard, State Street, JPMorgan, American Funds, Blackrock, Pimco, and others with investment expenses ranging from 0.04% to 0.60%.
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Pricing efficiencies – plans are repriced annually based on plan and program growth.
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Online account management – Participants can manage their accounts, perform transactions, view account balances, change deferral percentages, check fund performance, and more—all online.
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Participant education support – You will have access to an array of award-winning tools and resources to enroll and educate, in addition to The J & R Group at Merrill Lynch and Lincoln Financial Education Specialists.
CRCA has asked The J & R Group, a team of dedicated Retirement Benefit Consultants at Merrill Lynch, to determine if it is a better solution than what you have in place today for your company. Our goal is to ensure that ALL of our member companies and their employees have access to a quality program at a reasonable price.
If you are interested in having a no obligation, fiduciary review of your current retirement plan please contact Michael Ribich of Merrill Lynch at michael_ribich@ml.com or 312-696-7518. They will examine your current offering at no cost to you and help determine which solution is the best fit.
