Press Release

Northshire Consulting and Newport Group partner for New Pooled Employer Plan Exclusively for Chambers of Commerce and their members

Issued by Northshire Consulting

Aug. 7, 2020

Southington CT, Walnut Creek CA: Northshire Consulting, LLC “Northshire” a nationally recognized brand and thought leader in the Chamber of Commerce community, is pleased to announce the selection of Newport Retirement “Newport” as the recordkeeper for the national Chamber of Commerce Pooled Employer Plan “CCPEP”.

Northshire’s national CCPEP will allow members of the chamber to band together for better efficiencies and pricing while also bringing together multiple chambers for enhanced benefits. CCPEP will provide relief to small businesses of many fiduciary duties and operational procedures they have today. Letters of intent from chambers and their member businesses are being processed today with an eye on the CCPEP effective date of January 1, 2021

“What we consistently hear from chambers is their desire to add value to their membership and bring new opportunities to the table. Whether the solution is this Pooled Employer Plan, an Association Retirement Plan, or an efficiently run single-employer plan, Northshire can bring a full suite of options to chambers,” said Brian Williams, President at Northshire Consulting.

Newport’s data infrastructure will integrate with Northshire’s proprietary supplementary statement system, and with other strategic partners.

“With the Association Retirement Plan ruling in July 2019, and the SECURE (Setting Every Community Up for Retirement Enhancement) Act passing in December, it paved the way for Chambers to take a real leadership role in the financial wellness of their community. The chamber structure is uniquely positioned to be a trusted entity with their local businesses” added Williams.

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