Improving financial health with 401(a) Plans
About 401(a) Plans
A 401(a) is a retirement savings plan that allows accumulation of tax-advantaged funds for retirement with contributions coming from the employer, the employee or both. For governmental plans, employees cannot contribute unless the contributions are subject to an irrevocable requirement to contribute as a condition of employment.
An employer will make contributions on the employees’ behalf to a 401(a) account established for each participating employee. The employer’s contributions to an employee’s account are based on a certain formula. This may include a match of the employee’s own contributions to the employer’s 457 or 403(b) plan, (401(k) for non-governmental employers), or in some cases, the employee’s contribution to the 401(a) plan (usually only for city and county governments if the employee contribution is mandatory).
The employer’s plan can also be established with a formula that offers employer contributions based on other criteria established by the employer within the design features available. Examples of incentive based contributions for governmental plans include longevity, attendance, campus based goals (for school districts), health/welfare goals and many others.
Solutions for Plan Sponsors
As a retirement plan provider, we can help establish and/or manage your organization’s 401(a) retention plan—focusing on delivering a seamless experience for you and your employees.
Third Party Administration
From secure online payroll data transfer platforms to daily processing of distributions, we strive to provide you and your employees a superb experience. We deliver:
- Record-keeping and participant reporting
- Plan compliance and legal support
- Transparent fee structures
- US-based customer service call center
As the plan investment advisor, TCG adds a level of protection for your employees in helping determine the investment options provided to them. Our Investment Committee continuously reviews portfolio performance to ensure only the best plans are offered to your staff.
We provide comprehensive financial educational resources for plan participants as well as on-site seminars and live support from financial professionals.
We employ advanced technology to ensure you can easily transfer your payroll files and access all necessary employee reports. With our website management tools, you can:
- Enroll participants online
- Securely process transactions
- Generate reports
- Upload payroll files
Additional Plan Details & FAQ
Is there an enrollment process?
How much does an employer contribute to an employee’s account?
What are the 401(a) benefits?
Can TCG manage my organization's existing 401(a) Plan?
Absolutely. We look forward to the opportunity to show you how we’re different from our competitors and how employing us as your plan administrator is the best move for your staff. Please send us a message and we’ll talk more.