Being a PCA member now includes new benefits, such as access to an association-backed 401(k) plan! As announced during this year’s trade show, the PCA Group 401(k) is now live and open to all current PCA members.
This plan is a great way to attract and retain your business’ employees. The PCA Group 401(k) plan will allow tobacco business owners and their employees to save money for retirement in a tax-efficient way.
Benefits of the PCA Group 401(k) plan:
- Tax credits up to $5,000 a year for the first three years
- Access to low-cost Vanguard index funds
- Allows each company to maintain ownership of its 401k plan
- A great way to enhance employee satisfaction and retention
Already have an existing 401k plan? Reasons to switch to the PCA Group 401(k) plan:
- Reduce administrative duties by using a 316 fiduciary and admin signatory
- Tiered group pricing can save you and your employees money on fees
- Greatly reduce time and cost of Annual Audit
- Reduce Fiduciary Risk by outsourcing it to UBS 338 Investment Fiduciary
To get started, please get in touch with our advisor, Patrick Martin, and he’ll assist in setting it up! He can be reached at 202-270-8564 or by email at [email protected].
Additional Resources:
- Transamerica 401(k) Brochure (Download Now)
- Small Business Retirement Plan Tax Credits (Download Now)
- Form: Notice of Intent (Download Now)