CHICAGO, Oct.28, 2021 / PRNewswire / – HUB International Limited (Hub), one of the world’s leading full-service insurance and financial services brokerage firms, announced that it has won the Multiple Employer Plan (MEP) contract for the National Association’s Pension Plan of Manufacturers (NAM) for its more than 14,400 member companies.
“We are proud to join NAM and strive to provide the best pension plan for their member firms. Joining the NAM MEP allows members to have more time to focus on their business and bring best-in-class features to their member’s pension plans and while also helping to improve employee access to save for a secure financial future, ”said Joe DeNoyior, President of Hub Retirement and Private Wealth and Barbara Delaney, Senior Consultant. Joe went on to say, “Our goal is to increase access to the best features of a pension plan for all manufacturers across the country as they face unprecedented challenges. “
According to a recent study, 83% of small and medium-sized businesses consider pension plan offerings essential to attract and retain employees, and 58% say benefits can help improve productivity in the workplace. As the industry continues to face record-breaking job openings, the Manufacturers’ Retirement and Savings Plan can help manufacturers improve their bottom line by attracting and retaining talented employees while providing employees with the security to their retirement.
“Manufacturers want their employees to feel secure about their financial well-being and have confidence that they can retire when they are ready,” said Jay Timmons, president of NAM. “But managing a 401 (k) plan can be difficult, especially for small businesses. We can help you. I am proud that the National Association of Manufacturers is now providing our members with access to the best benefits for their teams. “
Principal, one of the largest providers of retirement solutions in the United States, and National Benefit Services, LLC, a well-recognized 3 (16) third-party administrator are the service providers for the plan. Hub, through its wholly-owned Registered Investment Advisor (RIA), Global Retirement Partners, LLC, is the Independent Investment Trustee 3 (38) who oversees investments and will assist NAM in distributing them to its members. . In addition, Hub has over 20,000 manufacturing customers who will complement this offering for those who need access to coverage.
About the Retirement and Private Wealth Hub
HUB Retirement and Private Wealth (“RPW”) provides institutional and retirement services to for-profit and non-profit organizations and personalized private wealth management services to individuals and families. HUB International employees offer securities through partner brokers not affiliated with HUB. HUB employees provide advisory services through affiliated and unaffiliated Registered Investment Advisers (RIAs). Global Retirement Partners, LLC, Millennium Advisory Services, Inc, TCG Advisors, Hub Investment Advisors, LLC, HUB International Investment Advisory Services, Inc and Sheridan Road Advisors, LLC are wholly owned subsidiaries of HUB International. Learn more about HUB Retirement and Private Wealth.
About Hub International
Headquartered in Chicago, Ill., Hub International Limited is a leading global insurance and financial services brokerage firm providing comprehensive risk management, insurance, employee benefits, retirement and wealth management. With more than 13,000 employees in offices across North America, Hub’s extensive network of specialists brings clarity to a changing world with tailored solutions and relentless advocacy, so customers are ready. for tomorrow. For more information, please visit www.hubinternational.com.
1 Main index of well-being, Q1 and Q2 2021.
Media: Marni Gordon
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