The 6,000 member Worcester Regional Chamber of Commerce has endorsed The Platinum 401k as the retirement plan solution for their members across Central Massachusetts.
“We’re delighted to have secured the endorsement of one of the largest regional chambers in the country”, stated American Pension Services President Terrance Power. “The Chamber was looking for a retirement program to bring to their members that would provide them with the benefits associated with a multiple employer plan program without their incurring any plan sponsor or fiduciary liability. The Platinum 401k program fits their requirements perfectly.”
As the largest Chamber in New England, the Worcester Regional Chamber of Commerce is dedicated to enhancing the region’s economic prosperity and the vitality of its business community. The mission of the Chamber is to support existing businesses and promote economic development in the Worcester region by being a bold, strong, articulate and effective advocate. The Chamber believes that a strong business community is a catalyst to a dynamic area in which to live.
The Platinum 401k is a multi-provider multiple employer plan administered by American Pension Services, Inc. of Clearwater Florida. Montgomery Retirement Plan Advisors serves as the ERISA 3(38) 3(21) a fiduciary to the plan. The program is structured to eliminate plan sponsor/plan trustee liability, annual plan audits and Form 5500 submissions, investment selection, ERISA bonding, and much more. Overall fiduciary liability is greatly diminished for employers with existing 401k plans under these types of programs.
American Pension Services, Inc. is one of the nation’s most experienced administrators of multiple employer plans. President Terrance Power, CFP, AIFA, ERPA, QPA, CRPS has been working with multiple employer plan clients for over 20 years. Information about The Platinum 401k program may be found on their website at www.ThePlatinum401k.com.