TMA’s Retirement Trust Topped $100,000,000 in Assets in the Second Quarter
Provides Members and Their Employees Increased Benefits
SCHAUMBURG, IL – Rothschild Investment Corporation and The Technology & Manufacturing Association (“TMA”) announced that in the second quarter of 2018, their Retirement Trust exceeded $100,000,000 in assets. This Retirement Trust includes numerous small-to mid-sized manufacturing companies who came together with their current plans to create a more substantial retirement plan for their employees as well as an independent investment advisor, Rothschild Investment Corporation, which provides, investment advice, investment due diligence, and participant education.
“We want to provide our members with as many benefits as possible – whether it’s health or property insurance, employee training, or retirement plans,” said Steve Rauschenberger, President of TMA. “As a trade association, TMA doesn’t benefit from this Retirement Trust. It is just another service we provide our members.”
The prime beneficiaries are the TMA member employees who participate in the plan. Additionally, the member company benefits as well as they are able to access Fortune 1000 level benefits and costs for their 401K plans. Participating in the TMA Retirement Trust alleviates a significant amount of risk for TMA members.
“TMA’s Retirement Trust benefits the participating members to allow them to get privileges and access to providers that they wouldn’t get otherwise as a standalone plan,” said Luke Novak, Vice President of Rothschild Investment Corporation, the TMA Retirement Trust’s Investment Advisor. “This allows TMA’s members to have lower fees and more benefits which is an added bonus to any technology or manufacturing company looking to join TMA.”
About TMA: Founded in 1925, the Technology & Manufacturing Association (“TMA”) represents and supports manufacturers in the Chicago metropolitan area and surrounding counties in northern Illinois, northern Indiana, and southern Wisconsin. TMA has almost 1,000 members and represents over 32,000 employees and nearly 26M square feet of manufacturing in Illinois.
About Rothschild: Rothschild Investment Corporation was founded in 1908, and is the oldest private investment firm in Chicago. Rothschild’s retirement business started in the early 1990’s, and experienced significant growth in the 2000’s following ERISA regulatory changes. Recognizing that most competitors had failed to innovate their practice and keep up with substantive legal changes, Rothschild invested significant resources in the practice. Today, our group is the firm’s fastest growing division and one of the fastest growing consulting teams in the Chicagoland area. The group has more than 100 corporate clients representing over $1 billion in retirement plan assets.
