UCO Industries is proud to be paving the way for full employment integration. UCO industries is the first employer in the United States to roll out the STABLE program directly to staff with a company contribution, and was proud to host State Treasurer, Josh Mandel and local news Channel 6/Fox 28, news reporter Mike McCarthy last week.
The Federal Law, Achieving a Better Life Experience Act of 2014 or the ABLE Act for short, created a new long-term savings account specifically for individuals with Developments Disabilities. Ohio passed our implementation legislation in 2015 paving the way for the Ohio State Treasurer to manage ABLE accounts in the State of Ohio, which are branded as STABLE Accounts. The first STABLE Accounts were opened in June 2016, and now provide individuals a new solution for saving and planning for their future.
UCO Industries wanted to offer a long-term savings option for all our employees and now can. Working with both a financial advisor and the Treasurer’s office, UCO is launching an employee savings program on January 1, 2018 which allows our employees to choose either a 4% match in a 401(k) account, or a 4% contribution into a STABLE Account, depending upon which type of account works best for their situation.
Please click the link below to watch the full news story which aired Tuesday, December 12, 2017.