Chicagoland Chamber of Commerce, Chicago, launched a pooled employer plan.
The plan will offer members the opportunity to pool their retirement plans together as an alternative to single-employer 401(k) plans or the Illinois Secure Choice plan, the chamber announced in a news release Tuesday.
Mesirow Retirement Advisory Services is overseeing the Chicagoland Chamber of Commerce PEP, according to the news release. The firm serves as the pooled plan provider as well as the 3(16) plan administrator and 3(38) investment manager.
The Chicagoland Chamber of Commerce is a non-profit organization with more than 1,000 member companies with a total of 400,000 employees.
A spokesman for the chamber could not be immediately reached for further information.