What is a 401K Multiple Employer Aggregation Plan?
It’s a group 401(k) solution that organizations can offer to members, like you, to join—typically at a group rate. The program gathers many tasks involved in operating a retirement plan and outsources them to industry experts, who handle many of the administrative, recordkeeping and fiduciary services. So you get the benefit of offering a 401(k) to employees without having to own all of the work, responsibility and liability.
Perception vs. reality
We know a lot of considerations come with retirement plans:
You may be comfortable with the plan you have
Maybe you don’t think your employees would value such a benefit—or that your benefits can’t compete with larger companies
Maybe cost or plan administration is on your mind
Your plan may be working—but in the group program, you may be able to enhance the plan offerings and save money
Retirement plans are some of employees’ most valued benefits
In the group program, your plan is still your plan—and it can be customized to meet your unique needs
The group rate may be less than you’re already paying
Strength—and value—in numbers
By joining the TCIA 401(k) program with Lincoln Financial Group and Alpha Pension Group, you get:
Access to potential pricing and service efficiencies—economies of scale—that you may not have by sponsoring a plan on your own.
The power of a group plan with the flexibility to customize your own plan design—retaining a design that’s working for you or changing to one that will. No need to forfeit your business’s distinct needs.
Meaning, you get to offer a plan that makes sense for you and your employees, vetted by TCIA and other businesses like yours, all at a competitive group cost for each business that joins.