Harrisburg Chamber and Conrad Siegel offer retirement plan to members

Cris Collingwood//July 19, 2022

Harrisburg Chamber and Conrad Siegel offer retirement plan to members

Cris Collingwood//July 19, 2022

Coin glass jar container and stack on wooden desk, retirement saving concept, on white background

Conrad Siegel and the Harrisburg Regional Chamber & CREDC are collaborating to offer the Central PA 401(k) by Conrad Siegel at a discounted rate to chamber and CREDC members. 

The SECURE Act, which became law on Jan. 1, 2020, created a new type of 401(k) called Pooled Employer Plans (PEPs) and paved the way for providers to begin offering PEPs in 2021.  

These plans allow multiple small employers to join one single retirement plan rather than having to each start their own plan. The Central PA 401(k) is the region’s first locally developed Pooled Employer Plan. 

 “Offering a retirement plan hasn’t been an option for many local small businesses,” said Trevor Bare, partner and consulting Actuary at Conrad Siegel. “They can be expensive and too complex to manage. Our firm has always called Harrisburg home so we’re really excited to partner with our local business community to offer this new retirement plan which can save our neighbor businesses time and money.” 

Harrisburg Regional Chamber & CREDC’s Member Value Program is designed to reduce expenses using the collective buying power of its 900 member businesses. The program offers a variety of discounted products and services to help its members lower expenses, the chamber said. When members join the program, part of the cost-saving proceeds are also given back to the chamber & CREDC to reinvest in membership programs. 

“Attracting and retaining good employees is a core challenge that our local businesses are facing,” said Ryan Unger, president & CEO of the Harrisburg Regional Chamber and CREDC. “We recognize that it can be hard to compete for talent without a competitive benefits package. That’s why we are thrilled to work with Conrad Siegel to offer the Central PA 401(k) to our members.” 

 For more information visit https://conradsiegel.com/centralpa401k or contact Jim Kehr at [email protected].