The Schuylkill Chamber of Commerce is pleased to announce the establishment of the Schuylkill Chamber of Commerce 401K Pooled Employer Plan, a robust retirement solution offered to Schuylkill Chamber of Commerce members. Members now have access to a retirement plan designed to address cost efficiencies, simplify administration, and reduce fiduciary burden.

The Schuylkill Chamber of Commerce’s intent in offering this program to our members is to provide another tool for our members’ to add to their employee benefits offerings to enhance employee recruitment and retention in a cost-efficient and fiscally responsible manner. Through plan design review and education, members can determine if this program aligns with their workforce development strategies.

In today’s competitive talent market, it is more important than ever for businesses to offer a competitive benefits package, including employer-sponsored retirement plans, to attract and retain top talent.

Schuylkill Chamber of Commerce President & CEO Robert S. Carl, Jr. said assisting our members with talent retention and recruitment efforts is a top priority for the Chamber staff. 

“Whenever the Schuylkill Chamber of Commerce can open another door to a new opportunity for its members, we are delighted. The staff is always working to arm our employers with tools they can use to be competitive and thrive in an everchanging economic climate,” said Carl, Jr.

Through the benefit of group purchasing power, employers who join a PEP can offer a qualified retirement plan for their employees, with fewer administrative and fiduciary responsibilities than a traditional plan. This enables business owners to offer this important benefit without needing to take their focus away from their day-to-day work of running their business.

Businesses may be eligible to claim a tax credit of up to $5,000, for three years, for the ordinary and necessary costs of starting a qualified plan.