Business Retirement Plans
Advantages for businesses:
- Attract qualified and talented employees.
- Retain good employees with a valuable benefits package.
- Realize potential tax-deductible contributions.
- Invest tax-deferred funds to build a secure financial future.
- Reduce immediate annual tax outlay.
- Choose from a broad range of investment options.
How does your 401k stack up?
- We provide benchmarking to compare our 401k plan pricing and service against other providers.
- Fiduciary risk protection is automatically included.
- Low-cost institutional mutual funds and ETFs are available even for the smallest of plans.
- We provide communication and educational programs to help employees plan and prepare for retirement.
401k Group Plan Solutions
401k group plan solutions (GPS)
This cutting-edge 401k plan has recently been made possible specifically for groups and organizations by the SECURE Act, signed into law on December 20, 2019.
How it works
Until now, the administration costs for a 401k plan were prohibitive. As a member of your group or organization, you can now get the benefit of an affordable 401k plan in the form of a Group Plan Solution (GPS). The GPS lowers the administration costs for participating members, without compromising quality, enabling more businesses and their employees to take advantage of the 401k retirement plan and anticipated tax benefits.
Turn-key 401k plan and privacy protection
The 401k GPS is a turn-key retirement plan designed to reduce employer and personal fiduciary liability, as well as minimize the costs and administrative work for businesses. The privacy of each business and its employees is completely protected just as it would be in an independent plan.
Exclusive 401k group plan
Offered by Prism Capital Management, premier retirement-plan specialists, specific groups and organizations now have the opportunity to participate in similar 401k plans and benefits as those of large corporations.
AVMA 401K Group Plan
The American Veterinary Medical Association (AVMA) is now offering a new 401k group retirement plan for AVMA members, available to practice owners and self-employed veterinarians.
Offered only through Transamerica, who is selectively working with Prism Capital Management, LLC, all veterinarians and their employees are now able to participate in similar 401k plans and benefits as those of large corporations. The sooner you start, the stronger the foundation for retirement-income will be for you and your employees.