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July 5, 2008 |     |
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About Scarborough Alliance Corporation
Thousands of union members in 42 states, from Maine to Hawaii, are enrolled in Scarborough plans. We've served as an administrator of benefit plans since 1970, working with IBEW members employed by AT&T, Comcast, Lucent, SBC, Verizon and many others.
If You're Currently Working... Saving for retirement is important. That's why Scarborough offers working members the convenience and advantages of saving in the IBEW Local Unions Savings and Security Plan. Why Contribute to the Scarborough Savings and Security Plan? Here's why... Payroll deductions You have the ability to save for retirement. Compound rate of return Your savings compound over time, resulting in additional savings for you. Employer match Employers usually match a portion of your contributions. That's an automatic return on your investment. Tax advantages You pay less taxes now, and... If you save on a pre-tax basis then all of your savings and earnings are tax-deferred. If you save on an after-tax basis then all of your earnings are tax-deferred. If you're about to retire... Scarborough Alliance will help you invest the money you receive from your company's lump sum pension and/or 401(k) savings plan.We will work with you to develop a sensible investment strategy to help you enjoy a secure retirement. We can help you answer the following questions: Scarborough's Plan gives you access to top performing, high-quality investments that you might not be able to get on your own - at much lower fees than you'll find elsewhere. You'll enjoy the security of knowing that your investments are in the hands of trusted, reliable financial advisors and investment managers. How we help you manage your money Scarborough Alliance helps you manage your lump-sum pension and 401k in several ways. Our retirement planning specialists can help you create a personalized retirement plan that will help you: You will also receive: We monitor the performance of the Plan Funds On a quarterly basis, we monitor the performance of the Plan's funds against relevant industry stock market indexes and peer group benchmarks. In assessing the fund performance, we review several factors: If a fund does not perform well relative to its peers or benchmark, we replace it. After you retire... Your need for retirement planning assistance doesn't end when you retire. You need to periodically review your retirement income needs and investment portfolio. Scarborough is always available to help ensure that IBEW members are on the right path toward a financially secure retirement. We can help you review your current retirement income needs, to ensure that your retirement income level is still adequate and also assess your retirement investment portfolio to make sure that it's still appropriate. |
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