The financial and business services subsidiaries of the chamber include:
- USWCC Money, LLC, a Registered Investment Advisor firm – providing retirement planning and investment advisory services;
- USWCC Financial, LLC – providing business and personal financial services;
- USWCC Insurance, LLC; and
- USWCC Business, LLC – providing business solutions, ecommerce stores and malls.
The first deliverable of this new 360 leadership model is the USWCC SmartRETIRE 401k. The plan was designed to level the playing field for small businesses that the chamber claimed may have been prevented from taking advantage of business retirement 401(k) plans due to their traditionally higher costs and administrative burdens.
According to the USWCC, SmartRETIRE offers a flexible 401(k) plan with independent investment management from Morningstar Investment Services, low costs to start and run, reduced fiduciary risk, and ongoing education and support from the USWCC and USWCC Money, LLC. The fund is a Multiple Employer Plan 401(k) – a single Qualified Retirement Plan housing multiple “adopting employers” with common retirement savings objectives – available to business members of the USWCC.
“Over the last century, women’s economic clout and industry leadership has grown dramatically,” says Margot Dorfman, CEO of the U.S. Women’s Chamber of Commerce, in the announcement. “SmartRETIRE 401k is just the first of many women’s chamber initiatives positioning women to take the lead and drive.”