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I am pleased to announce the new 401K MEP program available to you through the Member Savings Program. As you may already know; we have launched a 401(k) Multiple Employer Plan (MEP) for our association members through our Member Savings Program and Transamerica. A MEP is a group of 401(k) plans which are combined into one plan.

The MEP option came into being in late 2019 through new national legislation which allows smaller companies to join together to obtain buying power and economies of scale resulting in reduced investment fees, reduced billable fees, and a reduction in staff workload. Also, there is reduced fiduciary liability to you as the employer and Plan Sponsor.


If You Have a Current Plan:

In order to see if the 401(k) MEP is a good option for your company, our MEP service provider, Transamerica will perform an evaluation of your current plan and compare it to our new MEP offering.

In order to assess your plan, Transamerica would need the following information which should all be available through your current provider:

· 408(b)(2) Fee Disclosure - This document is provided by your record keeper and will indicate all fees you are paying for your plan.

· Current asset statement - This will allow us to review the investment fees and performance.

· TPA Invoices - Not all plans utilize a TPA, but if yours does this will be useful in evaluating the services and fees you are being charged.

If You Do Not Have a Plan:

The MEP will allow you as a company without a current retirement plan to start on at a lower cost and with less work. One misconception that many companies have is that you need to provide a matching contribution. While there are many advantages to doing this, including employee recruitment and retention, you can start a plan with only employee deferral contributions.

If after the evaluation you see cost and value advantages to the MEP plan; Transamerica can assist you with the transition to the Group MEP. If you decide to stay with your current plan, you will have at least performed an important fiduciary duty of reviewing the plan to ensure your participants have the best plan possible.

To learn more about this cost effective option, please reach out to our Transamerica Representative Mark Cywin at 201-618-9581 or Mark.Cywin@Transamerica.com.

 
Wouldn’t you like to know how to craft a sales pitch that closes more sales? You will not want to miss the first virtual NEF PRO event, “Never Lose Another Sale,” tomorrow, July 16 at 3:00p Eastern / 2:00p Central.
 
Learn to make it easy for customers to buy from you using proven behavioral science. Participants will leave with tools and strategies to read others, deliver the message others need in order to make decisions, and get the results they want.

• Introduction to identifying behavioral styles
• Learn how to recognize others’ styles quickly
• Learn to shift your style to get results while still remaining authentic
 
In addition to the learning objectives above, attendees will also receive an optional online assessment, which will produce a 30+ page personalized report describing your sales and buying style (valued at $230).
 
Registration is $30 for NOMMA members and $40 for non-members. Register now online.
 

Our next planned in-person event is METALfab in Nashville, Tennessee, scheduled for February 23-26, 2021. Educational programming is conducted on Tuesday and Wednesday, February 23 and 24, 2021. Presentations begin as early as 8:00 a.m. and run throughout the day, ending as late as 5:30 p.m.

If you are interested in presenting at METALfab 2021, please submit your presentation proposal using our online form by Friday, July 31, 2020. All completed submissions will be peer-reviewed. The NOMMA 2021 educational program will be announced in September 2020.

*We currently expect to hold METALfab 2021 in person, but arrangements are subject to change depending on COVID-19. We will keep all of our speakers informed as the situation changes.

Please contact Cristina Rodriguez at cristina@nomma.org or 888-516-8585 with questions.

 
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New Growth Opportunities
 
July’s Roundtable Discussion brought about lively discussion of new tools that have opened up opportunities for previously untapped business. Members also discussed how they have adapted procedures in light of the COVID-19 pandemic to include a robust cross-training program.
 
Missed the Roundtable? Listen to the recording at www.nomma.org/roundtable.
Do you have a Roundtable Topic?  Please share with us, email info@nomma.org.
 

Our Iron Club Members are those individuals who have encouraged/recruited one or more new members from July 1, 2019 – June 30, 2020. Iron Club members are recognized at METALfab and on our website.

Encourage a company to join NOMMA today to become a part of this prestigious club!

 

 
 
   
The July/August digital edition of O&MM Fabricator magazine is now available! Each issue is archived online so you can easily access all of the industry features, member news, association updates and more, with the click of a mouse or a tap on your phone screen.
 
In this issue:
• Physical Vapor Deposition: the New Age of Architectural Metal Finishing for Stainless Steel
• Tour De Force: The Ever-Evolving Layout of a Master Blacksmith's Shop
• Solid Form Fabrication Thrives on the Challenges of Custom Metal Creations
 
 
NOMMA is pleased to welcome the following new members into the association family.
 
NOMMA extends its thanks to the following members who renewed in June, 2020.
 
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Gold: Wiemann Metalcraft

Title of Entry: Decorative Railing Residential

Finish Type: Paint, patina, and wax

Total Labor Hours: 2500

Materials: Steel and architectural bronze

This impressive project encompassed several hundred feet of fabricated steel and bronze railings. The natural stone surfaces involved were a double edged sword: while adding a distinctive beauty and unique appearance to the railing, they also led to multiple anchoring conditions and a very challenging installation overall. Engineering costs were also high due to these circumstances.

The project is also noteworthy for its implementation of a custom hydraulic press tool, which was used to form a small detail on the ends of many of the pickets and posts.

To learn more about Wiemann Metalcraft and to browse more of its signature projects, visit https://wmcraft.com.

 
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NOMMA and the NOMMA Member Savings Program are pleased to announce that there is a new 401K MEP program now available to members, in partnership with Transamerica.

The program is an exciting new addition to the suite of MSP offerings, and may be a good choice for your business, ultimately helping to reduce your investment feeds and billable fees, as well as provide opportunity for a reduction in staff workload.

Find out more about this cost effective program by contacting Transamerica Representative Mark Cywin at 201-618-9581, or Mark.Cywin@Transamerica.com.

 
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