The ABC Insurance Trust has an on-staff financial advisor to find the retirement plan that suits you best or show you the proper adjustments to make to your current plan so that it does.
As a business owner, you understand the importance of planning for the future. But let’s face it – with all the money and time spent on managing healthcare benefits, your retirement plan often gets pushed to the back burner. This is where your membership with ABC can come in handy.
When was the last time you gave your retirement plan a thorough review? If it’s been a while, you’re likely overpaying fees and exposing yourself to unnecessary fiduciary risks.
At the ABC Insurance Trust, our mission is simple: find the retirement plan that suits you best or show you the proper adjustments to make to your current plan so that it does. One of the most important factors to consider, especially as a plan fiduciary, is the amount of fees you pay for your plan and its investments.
How We Can Help Reduce Your Retirement Plan Fees:
Lower advisory fees: Given our structure, profit is not our core motive, so we can charge considerably lower plan advisory fees.
Lower provider fees: Being that ABC is over 23,000 members strong, we can negotiate preferred pricing for members.
Fiduciary accountability: As a co-fiduciary to your plan, we uphold the highest standards of care, ensuring compliance and mitigating audit risks.
Complimentary plan evaluations: Your ABC Membership includes an annual evaluation, benchmarking your plan’s current fees, investments, and more.
Repricing and negotiations: We benchmark your current fees against the open market and negotiate fee reductions with your current provider.
Prevailing Wage plan design: If you are working on public projects, a properly designed prevailing wage plan can save your company in payroll taxes and plan contribution expenses while increasing pre-tax savings opportunities for your salaried workforce.
Reduced Liability & Workload: Our solutions free up your team’s time by removing the burdens of day-to-day plan administration and fiduciary requirements.
Strategic solutions: Not currently offering a retirement plan? You may qualify for federal tax credits. Additionally, we can help you avoid penalties in states where retirement plans are mandated.
Provider Flexibility: Being independently registered, we can work with almost any recordkeeper and investment provider. More flexibility means increased competition and finding the best value for your company.
Employee engagement: The Trust has a partnership with WellCents®, an employee financial wellness program proven to increase financial literacy, at no added cost for ABC Members.
You may be mandated to offer retirement benefits to your employees or enroll in your state’s program to avoid fees.
Luckily, new federal tax credits help offset the startup costs of a plan of your choice - and ABC members have access to superior solutions to get ahead, retain & attract talent while staying in compliance with the IRS and DOL.
Below are some resources to better understand state mandates, federal tax credits, and the retirement solutions that the ABC Insurance Trust has to offer.
Click here to learn more about state mandates.
Click here to learn more about federal tax credits.
Click here to learn more about the ABC Retirement & Savings Plan.
Click here to see the retirement solutions that the ABC Insurance Trust offers!