You’ll have access to a full range of investment options and the ability to conveniently make transfers between investment options – by phone or online.
You can also transfer your existing tax qualified plan with no loss of current tax benefits and, in most cases, we are able to to work with your current service provider to seamlessly convert your existing plan to the ADA Members Retirement Program.
We’re committed to helping keep your costs affordable while offering a comprehensive service package that also minimizes the amount of time needed to manage your plan. All our plan language has already been approved by the IRS – saving you time and setup costs.
The ADA Members Retirement Program offers a full-service retirement plan on preferred terms, due to our ability to leverage our organization's size and market strength. The program also provides:
- A one-time enrollment fee of $25 per participant.
- No out-of-pocket plan expenses. They're covered through reasonable, ongoing deductions from each participant's account.
- Convenient and competitive "all-in" fee structure.
Once your plan is established, we provide a wide range of plan services designed to help simplify your plan's administration, assist with IRS compliance and preserve your plan's tax-favored status – at no additional cost to employers.
We understand that the retirement plan design set up and process can seem overwhelming. That's why we provide all ADA members with one-to-one help throughout the process. Your retirement program specialist will help you determine which retirement plan or combination of plans offer the greatest advantage for you – the business owner.
As part of our program, we provide access to a variety of online tools that will help simplify managing your retirement plan account. We also provide educational resources to help you and your employees plan, save and invest for retirement.
On the plan sponsor website, you can:
- Process contributions.
- Transmit updated plan and participant census data.
- View and print statements, contribution reports, transaction history, activity reports and loan reports.
- Get important updates on law regulation changes.
- Access administrative guides and educational materials.
On the participant website, you can:
- View account balance information by fund and/or contribution type.
- Initiate transactions such as fund transfers and investment allocation changes.
- Obtain investment performance and fund information.
- Access educational articles, flyers and asset allocation tools to assist you and your employees in developing and maintaining an investment strategy.
You'll work throughout the setup period with a retirement program specialist dedicated to professional practices – like yours. They can answer questions on investment options, help design a plan that fits your needs and take you step-by-step through enrollment.
Once your plan is set up, we'll work with you to help communicate to employees and enroll them in your plan. Our comprehensive service package is designed to minimize your involvement in ongoing plan administration including simplifying annual reporting, providing tax withholding and reporting and easy online contribution process.
