B4-U-BUY Home | FYI Main Page | Texas Lottery Results | B4-U-EAT Houston Restaurants & Dining Guide | Business Services | Wellness Resources
If you are among the 24 million Americans who work in one of the 215,000 small businesses that are members of the U.S. Chamber of Commerce, or are a small business owner and a U.S. Chamber member, here's some good news: a retirement program called the "U.S. Chamberplan for Retirementsm" has been created that offers a comprehensive range of retirement plans which are both simple to administer and affordable.Fidelity Investments® has teamed up with the U.S. Chamber of Commerce to provide retirement plans to the Chamber's membership, 96 percent of which consists of small businesses of 100 or fewer employees.
One of the key ingredients of the Fidelity U.S. Chamberplansm is the Chamberplan 401(k), a retirement plan for employers with 25 or more employees that offers record keeping services, assistance with employee education and eight Fidelity mutual funds as investment choices.
For businesses whose size and type of business make a retirement plan other than a 401(k) more appropriate, the program currently offers SEP-IRA and Keogh options. Beginning January 1, 1997, businesses with 100 or fewer eligible employees will have another retirement plan option called the Savings Incentive Match Plan for Employees (SIMPLE), a provision of the minimum wage bill which was recently signed into law.
To help small business owners understand their retirement plan options and begin the sign-up process, a dedicated Chamber Resource Center with a toll-free phone number (1-888-RET-PLAN) has been set-up to answer any questions and to provide further information.(NAPSI)
B4-U-BUY Home | FYI Main Page | Texas Lottery Results | B4-U-EAT Houston Restaurants & Dining Guide | Business Services | Wellness Resources