Why Join?
NTCA has the experience to represent small and rural telecommunications carriers. We have the track record in advocacy, in keeping our members informed, and in providing them with insurance options and a benefits program second to none.
For more information, contact the membership department at membership@ntca.org.
Savings Plan
Making the Plan Work for Your Company and Your EmployeesYour connection to a better future Retirement plans can be the foundation of a secure future for your company and your employees. NTCA–The Rural Broadband Association knows that and sponsors a defined contribution retirement plan, the Savings Plan, for our members. Many smaller companies acting alone can offer only limited benefits, but the NTCA Savings Plan pools the defined contribution assets of its participating members and offers a state-of-the-art plan with features and benefits usually found in large single-employer retirement plans.
BENEFITS FOR YOUR COMPANY AND EMPLOYEES It’s a great choice for your company. By pooling the defined contribution assets of NTCA members, the NTCA Savings Plan enables you to offer a terrific retirement program while your organization enjoys the following benefits:
*Employers can choose to pay all or a portion of the employees’ quarterly account fee.
It’s also a smart choice for your employees. You can join with other NTCA members in providing the following benefits to your employees:
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Group Health Program
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As health care costs continue to rise and you may face cost pressures as an employer, NTCA–The Rural Broadband Association is pleased to sponsor a high-quality and affordable health program for our members. Consider the advantages of being part of the NTCA Group Health Program (GHP). The program has more than a 35-year track record of excellence in meeting the benefit plan objectives of NTCA members and the health care coverage needs of participants. NTCA GHP differs from many plans administered by insurance companies; these plans often focus only on the bottom line of profits. NTCA GHP is run by members for members. GHP is non-profit, existing solely for the benefit of plan participants. NTCA GHP offers you the coverages, the flexibility, and the personalized, state-of-the art service that your organization wants and deserves. GHP BENEFITS AVAILABLE NTCA is committed to providing affordable health care coverage for our members – plans that you can be proud to offer your employees, directors and retirees. GHP offers many coverage choices and much flexibility within each benefit plan to fit your organization’s needs. Choosing GHP benefits that are right for your organization allows you to balance what’s important to you – cost to your organization, cost of coverage, level of benefits, choice and flexibility – with what’s important to your employees – the availability of a high quality benefit plan. Members can offer a single health plan or a choice of plans – offer some coverages but not others. NTCA GHP provides flexibility of choice so you can customize coverages to best meet your organization's and plan participant’s needs. Coverage choices include:
GHP BENEFIT PLAN SUMMARY Medical
Prescription drug, including a Medicare prescription drug plan, and vision coverage options are also available to NTCA members. Dental Group Life, Dependent Life, and Accidental Death and Dismemberment
Accidental death and dismemberment equal to or less than life insurance amount is also available. Dependent life insurance is available for spouses and dependent children of employees. Short-Term Disability Long-Term Disability Automatic waiver of contributions can also be elected by a member. This unique feature in the NTCA GHP provides for the GHP trust to pay employer and mandatory employee contributions for various medical and benefit plans for the full period the employee is eligible to receive long-term disability. A 29 month medical only waiver feature is available. Accident and Travel Coverage
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Retirement & Security Program
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Since 1959, NTCA–The Rural Broadband Association has sponsored a defined benefit retirement plan, the Retirement & Security (R&S) Program. What began with seven member telcos and 100 participants has grown into a program with over 17,000 participants (including over 1,400 pensioners) and over $1.6 billion dollars in assets. Why have more than 360 NTCA members come to depend on the NTCA R&S Program for their employee’s future retirement security? Day-to-day administration of the program is performed by an NTCA subsidiary, Services Management Corporation, with staff in its Arlington, Va., and Asheville, N.C. offices. SMC’s Board of Directors are representatives of NTCA members. Also, the program’s trust committee is made up of member representatives, selected by the NTCA Board of Directors. The trust committee sets policy and oversees program direction. The R&S Program is sponsored exclusively for NTCA members and governed by NTCA members. Earned Benefits are 100% Vested Immediately All retirement benefits earned by employees are immediately vested—this means that as each dollar of retirement benefit is earned, it belongs to the employee. No one can take these benefits away. If an employee leaves employment, the benefit earned belongs to that person. Flexibility of Benefit Choice There is significant flexibility when an employee becomes entitled to a benefit distribution. This includes payments as an immediate monthly pension, a monthly pension in the future or in a single payment. Safety Guaranteed The Pension Benefit Guaranteed Corporation (PBGC), a quasi-governmental agency, insures each individual's earned retirement benefit. Currently, for employees retiring at age 65 and electing payment as a monthly income for their life, this guarantee amount is $57,477 per year. Flexible and Generous Benefit Features
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