Scarborough Alliance has been a dedicated partner to labor unions for more than five decades, serving union members of various trades across the country. Our hands-on approach to retirement planning is rooted in financial education and member engagement.<\/p>\n
Our goal is to closely collaborate with union leadership and Taft-Hartley boards of trustees to provide services that help genuinely improve the retirement outcomes of members.
\n <\/p>\n
Providing each and every member with the exceptional participant experience they deserve<\/em><\/p>\n Individual investment advice<\/strong> through one-on-one meetings which may be in-person, by phone, or video conference.<\/p>\n Personalized retirement planning<\/strong> including a detailed report to help each member track their progress meeting retirement goals.<\/p>\n Investment portfolios<\/strong> professionally managed and tailored to the participants\u2019 risk tolerance and objectives to offer a more personalized approach beyond target date funds.<\/p>\n Retirement planning workshops and webinars<\/strong> covering topics such as avoiding common investment mistakes, building a retirement income plan, diversification, Social Security, and inflation.<\/p>\n Apprentice workshops<\/strong> encouraging habits to get a smart start to their financial future such as budgeting, managing credit cards, fundamentals of investing, credit scores, and the benefits of starting early.<\/p>\n Education on investment expenses<\/strong> showing the cost differences over time between the plan and retail rollover options.<\/p>\n Financial wellness website<\/strong> including articles, videos, and calculators. Our experience has shown that:<\/p>\n As a plan fiduciary, Scarborough provides participants with individualized investment advice and retirement planning services typically available only through retail advisors. We educate members on the benefits of keeping their funds in the plan through retirement.<\/p>\n We can work with your current plan providers to add our services to your existing plan, or we can provide full-scope retirement plan services including recordkeeping and plan administration.<\/p>\n Learn more about our customized Taft-Hartley plan solutions<\/a><\/strong> Scarborough\u2019s services are available to local union members who participate in company retirement plans, such as within telecommunications and utilities industries. We offer low-cost rollover solutions<\/a> to programs that are available exclusively to union members and their families.<\/p>\n Our partnership with the local union involves guiding younger members to plan for retirement and other financial goals. As members approach retirement, we provide complimentary retirement planning to assess retirement readiness and evaluate lump-sum vs. annuity pension payment options. Scarborough offers professional investment management for local union reserves, health and welfare, vacation, and strike funds. Our process includes a consultative approach to investing funds based on the local union\u2019s objectives and duty to the membership.<\/p>\n We also assist local unions looking for a retirement plan solution for their officers and staff. Learn more about the IBEW Local Unions Savings & Security Plan<\/a>, a multi-employer defined contribution plan.<\/p>\n References from Business Managers available upon request.<\/p>\n
\n <\/p>\nCustom Solutions for Taft-Hartley Plans<\/h4>\n
\n
\n <\/p>\nServices to members with company retirement plans<\/h4>\n
\n <\/p>\nInvestment accounts and retirement plans for local unions<\/h4>\n