Lancaster, PA – Conrad Siegel and Bizcorp, the Lancaster Chamber’s wholly owned for-profit subsidiary, have announced a new offer through Bizcorps’s Preferred Partner Program. The two organizations have collaborated to offer the Central PA 401(k), by Conrad Siegel, creating an accessible retirement plan option for Lancaster Chamber members to provide to their employees.

The SECURE Act introduced legislation that paved the way for Pooled Employer Plans (PEPs) in 2021. This new type of 401(k) plan allows multiple employers of any industry to join one single retirement plan, rather than having to each start their own plan. The Central PA 401(k) was the region’s first locally developed PEP – launching in 2022 for local small to mid-sized businesses.

“Until now, offering a 401(k) plan has been out of reach for many local businesses,” said Trevor Bare, Partner at Conrad Siegel. “I’m really excited about how this program can positively impact our neighbors and local businesses by making it easier than ever to save for retirement.”

“”The Lancaster Chamber is committed to creating meaningful opportunities for our Members, and the Central PA 401(k) is a prime example of how we’re working to support small businesses in our community,” said Tom Wallace, Director of Business Development of the Lancaster Chamber. “This partnership with Conrad Siegel provides an accessible, streamlined solution that empowers our members to offer competitive retirement benefits, helping them attract and retain top talent while investing in their employees’ futures.”

The Central PA 401(k) features a fully streamlined retirement plan. Conrad Siegel administers the plan, acting as recordkeeper, third-party-administrator, advisor, and fiduciary.

Organizations that are interested in learning more about the program can visit centralpa401k.com.

About BizCorp

BizCorp, the Chamber’s wholly owned for-profit subsidiary, offers Chamber members exclusive access to a number of bottom-line saving products and services, including telecom and IT services, fleet fueling, business insurance, natural gas, and electricity procurement.www.lancasterchamber.com/bizcorp

About Conrad Siegel

Conrad Siegel is an employee benefit and investment advisory consulting firm headquartered in Central PA. With over 115 employees, the firm provides custom retirement, healthcare, and investment consulting services for businesses and individuals. The firm is one of the largest independent employee benefits consultants in the Mid-Atlantic and its investment advisors are full-time fiduciaries. For more information, visit conradsiegel.com.

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