The Team

Meet the team behind the Greater Bakersfield Chamber 401(k) Plan, a Multiple Employer Plan

Greater Bakersfield Chamber

The Greater Bakersfield Chamber is the leading business organization in the Bakersfield area, representing more than 1,100 members and approximately 60,000 jobs in the region. The Chamber works every day, building Something Better. We advocate for our members interests, promote community development, create and support a vibrant local economy and provide networking opportunities for business leaders. As sponsors for the Greater Bakersfield Chamber 401(k) Plan, we are committed to providing our members with a powerful retirement plan to offer their employees, so they can recruit and retain top talent to their teams.

Moneywise Wealth Management

Moneywise is a locally-owned, independent wealth management firm. Our team has more than 60 years’ of combined industry experience delivering customized retirement plan solutions to local companies, individuals and families. As fiduciary financial advisors, we analyze company sponsored plans’ features, performance and procedures to provide plan sponsors with advice that can enhance their retirement plan offerings.

Transamerica (Record Keeper)

Transamerica Retirement Solutions, LLC (Transamerica) is a leading provider of customized retirement plan solutions for mega-, large-, and mid-market organizations. Transamerica Retirement Solutions works with financial advisors, consultants, and third party administrators to cover the entire spectrum of defined benefit and defined contribution plans, including: 401(k) and 403(b) (Traditional and Roth); 457; profit sharing; money purchase; cash balance; Taft-Hartley; multiple employer plans; nonqualified deferred compensation; and rollover and Roth IRAs. For more information, visit www.transamerica.com.

Hicks Pension Services (Third-Party Administrator)

Hicks Pension Services is a family-owned and operated, nationally recognized Third Party Administrator (TPA) with over fifty years of retirement plan experience. Hicks’ administrative professionals work with employers to provide the support they need to maintain and operate more than 6,000 retirement plans.

Find Out if the Greater Bakersfield Chamber 401(K) Is Right for You.

Moneywise Wealth Management
8700 Stockdale Highway
Bakersfield, CA 93311

This website and all content on it is provided for informational purposes only, is subject to change, and is not intended to constitute compliance with any applicable legally required disclosures, including, but not limited to, disclosures required under ERISA section 408(b)(2).

Before adopting any plan you should carefully consider all of the benefits, risks, and costs associated with a plan. Information regarding retirement plans is general and is not intended as legal or tax advice. Retirement plans are complex, and the federal and state laws or regulations on which they are based vary for each type of plan and are subject to change. In addition, some products, investment vehicles, and services may not be available or appropriate in all workplace savings plans. Plan sponsors and plan administrators may wish to seek the advice of legal counsel or a tax professional to address their specific situations.

While a multiple employer plan (MEP) arrangement offers adopting employers the ability to delegate fiduciary functions to the MEP provider, employers should be aware that they still retain the fiduciary responsibility for selecting and monitoring the MEP provider. Because an MEP is treated as a single plan, a violation of the qualification rules by an adopting employer could affect the qualified status of the plan as a whole. In order to be treated as a single plan under the qualification rules, the adopting employers of an MEP must share a commonality — a connection among the adopting employers, such as a trade or professional organization.

All Transamerica companies identified are affiliated entities. Transamerica and its associated entities are not affiliated with SCF, Moneywise Wealth Management, Hicks Pension Services, or with the Greater Bakersfield Chamber.

*Moneywise Wealth Management is not a Registered Investment Advisory firm and does not provide investment advisory products or services. Financial Advisors at Moneywise Wealth Management are registered with and offer advisory services through SCF Investment Advisors, Inc., an SEC Registered Investment Advisor. Securities may be offered through SCF Securities, Inc. – Member FINRA/SIPC 155 E. Shaw Ave. Suite 102, Fresno, CA 93710 • (800) 955-2517 • Fax (559) 456- 6109. SCF Investment Advisors, SCF Securities, Moneywise Wealth Management, and any other entity referenced on this site are not affiliated entities. Check the background of this firm and their advisors on FINRA’s BrokerCheck site.

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