Universal Union Benefits

Universal Union Benefits has solutions for many of the problems that are incurred while addressing your retirement planning concerns.

Problem: I am retiring soon, and if I select the survivor option on my pension, I receive a 15%-20% reduction in my monthly pension. My spouse then only gets half of my reduced pension.
Solution: Universal Union Benefits can show you how to leave 100% of your pension to your spouse in the event of your death. If your current plan allows a ‘cash-out’ option, you are eligible for this option.

Problem: My employment has terminated, and I must roll-over my 401(k) plan. If I receive a lump sum check, I could lose 50% in value to taxes and/ or penalties.
Solution: Universal Union Benefits can set up an IRA, allowing you to receive the same tax advantages that you currently enjoy.

Problem: We have a plant closing, and our members need to transfer their funds out of the employers coffers to protect against losses.
Solution: Universal Union Benefits can transfer each member’s funds to an IRA, at NO COST to the member.

Problem: Employers are complaining about the high third party administration costs that they must absorb to maintain a 401(k) plan for your members.
Solution: Universal Union Benefits can lower the third party administration costs to $750.00 per year. This will free up money from the employer, thus helping at the negotiating table.

Problem: 401(k) participants are paying 1.7 to 2.2% in asset fees to manage their plan, even if they are losing value due to market volatility.
Solution: Universal Union Benefits can lower the cost to only $0.50 per week.

Problem: Most 401(k) participants have lost money in recent years, due to market volatility. Many have seen their entire retirement decimated, and will never recover.
Solution: Universal Union Benefits 401(k) plans have a stop loss guarantee. Participants will never ever lose money again due to falling markets.

Who is Universal Union Benefits?

Fred Silverman, who has recently retired as a Vice-President of the Central Ohio Labor Council for the past 23 years, is a Business Agent, along with his son, Greg Silverman. Fred has worked with unions for over 25 years in providing their members with insurance, and retirement needs. Greg joined forces with Fred in 1989.
The Entire Organization Is Proud To Be Members Of RWDSU Local 379.
We are also recognized by the Union Label & Service Trades Dept. AFL-CIO

Who are the carriers for our retirement funds?

Universal Union Benefits has teamed up with many of the companies that can eliminate losses in your retirement funds. Participants are free to choose the carrier that they are most comfortable with. Some of the carriers include American Equity, with over $6.9 billion in assets, Allianz with over $1 Trillion in assets, Amerus with over $21.8 billion, and ING USA with over $31 billion in assets.

How do we contact Universal Union Benefits?

We are always just a phone call, or email away. You may call us: 877-808-6466
We will arrange a time at your convenience to explain in great detail the benefit of our program to all involved.