SCRS Encourages Members to Schedule Time with 401(k) Advisors at SEMA

SCRS Encourages Members to Schedule Time with 401(k) Advisors at SEMA

The Society of Collision Repair Specialists (SCRS) is encouraging members to schedule time at the 2019 SEMA Show with Virginia Asset Management (VAM) representatives, who are serving as advisors for SCRS's new 401(k) Multiple Employer Plan (MEP).

The Society of Collision Repair Specialists (SCRS) is encouraging members to schedule time at the 2019 SEMA Show with Virginia Asset Management (VAM) representatives, who are serving as advisors for SCRS’s new 401(k) Multiple Employer Plan (MEP).

During Tuesday and Wednesday of the SEMA Show, SCRS will host in-person meetings with VAM advisors at SCRS booth no. 11173 in the North Hall. To see real-time availability in the booth and schedule a 30-minute meeting, click here.

Scott Broaddus is a partner at VAM and serves as investment advisor for the SCRS 401(k) plan. He is both a Certified Financial Planner Practitioner as well as an Accredited Investment Fiduciary and has been hired by SCRS to provide education and advice to member businesses. Broaddus will be joined by Coley Eckenrode, wealth manager at VAM, who will also be available to meet with member businesses interested in learning more about the SCRS 401 (k) plan while at SEMA.

“Less than 20% of small businesses are able to offer retirement benefits to their employees, and SCRS is determined to change that for the collision repair industry,” said Brett Bailey, chairman of SCRS. “We want to reduce costs and take the burdens off our members’ shoulders, but we also see this as an important means of retaining and attracting people to our industry. We’ve seen a lot of great success for early adopters, and hope show attendees take advantage of the opportunity.”

Broaddus will also be leading a Repairer Driven Education session Nov. 5 from 12:30 p.m. to 2:30 p.m. titled, “Be Your Own Berkshire (RD8).” The session will focus on how small businesses can learn from and model behavior after successful corporate business investors. For example, Warren Buffett is famous for using the profits from GEICO to diversify Berkshire Hathaway when another opportunity looks more attractive than internal re-investment. This session will ask attendees to think of their company in the same way when calculating internal vs. external return on investment or how to best allocate money earned in the business. For more details on this session, click here.

You May Also Like

Corby’s Collision Center: Since 1942

Bentley (Bud) and Evelyn Corby started Corby’s in a little gas station in Honeoye Falls, N.Y.

Corby’s Collision, Inc. has been repairing vehicles since 1942 when Bentley (Bud) and Evelyn Corby started their automotive venture in Honeoye Falls, N.Y., in a little gas station on North Main Street. In 1954, the business moved to its present location at 1212 Rochester St., where they continued repairing vehicles and selling Arctic Cat and Ski Doo snowmobiles. In 1985, Larry and Bonnie Corby purchased the family business, expanding in 1996 when they opened a second location in the Canandaigua area as Corby’s Precision Collision at Ontario Imports in the Ontario Mazda building. In 1999, the Canandaigua business was moved to its present location at 2460 State Route 332. Now, as the third generation, Leslie (Corby) and Kelly Craft continue to carry on the family tradition.

CIF Announces Enterprise as Repeat Annual Donor

Enterprise has donated for the fourth consecutive time at the Urgent Care (second highest) tier.

NABC Donates Recycled Ride to Central Georgia Mom

The NAB), GEICO and Five Star Collision Center-Wimbish recently donated a refurbished vehicle to a deserving mother of four.

NABC Donates Recycled Rides at NORTHEAST Show

The NABC, GEICO, Mountain View Auto and Collision Center of New Jersey donated two refurbished vehicles at the recent NORTHEAST Show.

Crash Champions Expands in Idaho

Crash Champions has announced the acquisition of Addison Collision Repair in Twin Falls, Idaho.

Other Posts

Auto Care Association Welcomes GAO Report on Vehicle Repair Restrictions

The Auto Care Association is renewing its call for Congress to advance federal Right to Repair legislation that protects independent business owners and consumers.

ProColor Collision Welcomes First Shop in Montana

ProColor Collision Gallatin Valley is operated by Robert Rinta and Simon Gratch, who both served honorably in the Montana National Guard.

Association News

The latest association news appearing on bodyshopbusiness.com.

Podcasts of the Week

A review of some of the latest podcasts from BodyShop Business.