Press Release

Arlington Chamber Launches 401(k) Program for Members

Issued by Arlington Chamber of Commerce

Aug. 18, 2022

ARLINGTON, Va. - The Arlington Chamber of Commerce is partnering with Lincoln Financial Group and Morgan Stanley Wealth Management to deliver a group 401(k) Multiple Employer Aggregation Program (MEAP) to its members. Through this program, Chamber members will receive access to a cost-effective employee 401(k) program that will relieve businesses of many of the administrative obligations associated with providing a retirement program.

This program provides a simple solution to an issue that many businesses are struggling to solve. The program will allow members to enhance their benefits programs through this offering.

“People have always been at the heart of every good business and organization, and taking care of employees truly is good business," said Chamber President & CEO Kate Bates. “We are proud to adopt this program as an additional value to our members, especially our small business members. In today's competitive labor market, it is important that our members have the ability to offer their employees a robust benefits program, which includes a retirement plan.”

Lincoln Financial Group has been in business since 1905, is a recognized leader in the retirement plan space, and has employee benefits experience that dates back to 1995. They have an overall satisfaction rate at 90% in 2019 and award-winning websites that will help members have an easy experience with the program. Members who join this program will receive personalized service with ongoing, dedicated attention.

Chamber member Barry Seymour with Morgan Stanley Wealth Management will handle the overall operation of the 401(k) program. Members who opt to participate in the program will have direct contact with Seymour who will walk through their current plan or assist with the transition into the Chamber's MEAP program.

This program is now available to Chamber members and can be accessed by scheduling a time to meet with Barry Seymour, Financial Advisor with Morgan Stanley Wealth Management. Businesses who are not yet members of the Arlington Chamber of Commerce and are interested in learning more should contact membership@arlingtonchamber.org.

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