Retirement planning for IBEW Local 2324 Members
To: IBEW Local 2324 Members
From: John Rowley, Business Manager
Date: May 21st, 2026
Regarding: IBEW/Scarborough Alliance plan review meetings for IBEW 2324 Members. Your spouse or partner is welcome to attend. These meetings are not just for those who are considering retirement soon. These meetings are open to all who want to know more about planning for retirement. Please see the RSVP contact information below. Margaret Pierce from Scarborough Alliance will be hosting meetings at the following locations and dates:
- Friday night May 29th at 6pm: Mazzeo’s Ristorante :1015 South St, Pittsfield, MA 01201
- Saturday night May 30th at 6pm: The Delaney House: 3 Country Club Rd, Holyoke MA 01040
- Sunday afternoon May 31st at 12pm: Posto by the Federal: 674 Bliss Road, Longmeadow MA 01106
- Monday night June 1st at 6pm: The Publick House: 277 Main St, Sturbridge, MA 01566
Margaret Pierce is the financial advisor and regional manager with Scarborough Alliance who represents and supports IBEW members throughout New England in offering the IBEW LOCAL UNION SAVINGS AND SECURITY PLAN. This plan is only available to IBEW members. Margaret will host several informal meetings across Western MA for our members and their spouses and partners to learn more about the IBEW plan and ask any questions. Margaret works only with IBEW members throughout New England and is a Certified Financial Planner. Her goal in offering these meetings is to ensure Local IBEW 2324 members are aware of the IBEW plan.
The IBEW plan (a qualified 401k plan, not an IRA) was established by the IBEW Trustees in 1975 as a benefit for members at retirement. This plan provides strict plan governance and ongoing oversight to ensure that the total fees, cost and investments options benefit members and their families throughout their retirement years.
Brief overview of Scarborough Alliance and IBEW plan:
Scarborough Alliance offers the IBEW Local Unions Savings and Security Plan and the Local Union Retirement Program. The IBEW Plan is a qualified retirement plan that accepts Verizon Pension lump sum and Verizon Fidelity 401(k) rollovers. The IBEW plan was established for IBEW members as a benefit for members to invest, save, and take out distributions during their retirement years and is overseen by the IBEW Trustees. The IBEW plan is only available to qualified IBEW members.
- Scarborough acts in an ERISA fiduciary capacity for the IBEW Local Unions Savings and Security Plan (IBEW Plan).
- The plan has a high level of oversight and governance due to the ERISA fiduciary status.
- All fees, including investment and consulting, are overseen by the fiduciary team to ensure plan and costs are always in the IBEW member’s best interests.
- IBEW trustees meet with the Fiduciary team (Trustees, legal, investment and Scarborough) on a quarterly annually to review the investments offered within the plan, including all recordkeeping, consulting, and administrative fees.
- Scarborough also offers the Local Union Retirement Income Program for investments that do not qualify to be rolled into the IBEW plan.
Please let Margaret know if you are able and would like to attend and if you will be bringing a spouse or partner. This will help Margaret know how many to plan for with each meeting she is holding. Thank you.
Margaret’s contact information
Margaret Pierce, CFP®, AIFA®, MBA
Scarborough Alliance
Regional Manager for IBEW members New England
PLEASE RSVP to Margaret’s Direct line: 508-415-9200
