NATIONAL FEATURE

continued from pg. 17 in his business, saw a dramatic reduction in fees when his business moved over to SCRS’ 401(k) plan. “It allows employees to retain more money and grow their nest egg in a greater way.”

Dorn echoes his sentiments on the 401(k) plan.

“We were the first shop to do it,” Dorn says proudly. “Previously, we had a simple IRA plan, which came with burdensome administrative costs; managing it was just a nightmare. Before we moved to the SCRS plan, we did a traditional 401(k), but those administrative costs were astronomical. Our costs dropped 90 percent when we switched over to SCRS. Plus the share costs went down dramatically, which ultimately benefited the employees.”

Aside from saving businesses money, these benefits are helping to achieve the ultimate goal – shops can be competitive and attract and maintain employees.

“From a business point of view, as an independent shop, to be able to offer plans that compete with, or in many cases, are better than what major MSOs are able to offer allows me to be competitive in that space,” Bradshaw champions. “It really speaks to our core value of taking care of our people. We want to implement new processes and benefits to make our employees’ lives better, and we couldn’t have that without SCRS and the power to aggregate these businesses in order to have this huge plan versus a small pool.”

“These plans speak to the heart of what SCRS does – bring advantages to the small businesses we serve,” Schulenburg expresses with pride. “We’ve seen nothing but positive outcomes from those participating and have seen increases in how much, and how many, people are saving.”

“We’ve had nothing but good experiences from dealing with Virginia Asset Management for the 401(k) plan and with Decisely and Gravie for healthcare. They are fantastic, and they have made the transition easy. I know many may be skeptical about change, but it has been nothing but homeruns for us from the standpoint of both costs and benefits,” sums up Dorn.

Learn more about SCRS’ healthcare plan at scrs.com/ healthcare and about their 401(k) plan at scrs.com/401k H&D