401 K Plan Available to all NCAEC Members:
After a lengthy review process by the Board Members and Executive Director, the North Carolina Association of Electrical Contractors would like to announce a new benefit for all members and associate members. The NCAEC now sponsors a Multiple Employer 401(k) plan through Transamerica Retirement Services. Whether your company has an existing 401(k) plan or you are interested in starting a 401(k) plan for your business, by joining the NCAEC 401(k) plan you can provide an outstanding plan, save money, and spend less time administering it.
From a Form 5500 reporting standpoint, the NCAEC 401(k) Plan is treated as one large plan. The end result for you is a 401(k) plan with competitive investments, outstanding service and someone else doing a majority of the maintenance and administrative tasks.
With more than 150 members and associate members in our Association, the NCAEC 401(k) plan brings a large, powerful group under one unified plan. When you utilize the NCAEC 401(k) plan, you have all the advantages and flexibility of a stand-alone plan and significantly reduce your expenses and administrative headache.
Maurice McCord with Morgan Stanley Smith Barney is the financial advisor for our plan, his contact information is:
Maurice McCord III
Financial Advisor
Morgan Stanley Smith Barney
300 North Green Street Suite 1700
Greensboro, NC 27401
Phone: 336-271-4304
Toll Free: 800-456-0456
Fax: 336-275-9214
email: maurice.mccord@morganstanleysmithbarney.com
