About the NTCA Savings Plan
In partnership with Fidelity Investments®, NTCA provides our members with a comprehensive, cost-effective defined contribution retirement plan. Do you want to join with more than 550 member companies already participating in the NTCA Savings Plan and make a difference in the financial wellness of your employees? It's easy to get started!
Here are four reasons to add this exceptional savings and retirement plan to your employee benefits package.
Lower Costs for You and Your Employees
We keep costs low for NTCA members and your employees. How do we do this? More than $3 billion of participant assets are pooled together into a multiple-employer plan and single trust and that means:
- Reduced plan costs.
- No enrollment, set-up or recurring administrative fees for your company.
- Low participant account fees.
- Access to lower-cost investment funds, which leads to increased long-term savings for your employees.
Reduce Your Responsibility and Risk
The NTCA Board of Directors and R&S Program and Savings Plan Trust Committee members are the plan fiduciaries, and assume responsibility for the legal obligations and regulatory requirements mandated by ERISA. Member company management and your board of directors are relieved of this serious duty.
Do you know why this is important to your company?
- The Employee Retirement Income Security Act (ERISA) imposes complex obligations, restrictions and liabilities on savings and retirement plan fiduciaries.
- Since 2000, corporations have paid $6.2 billion in claims brought under ERISA.
- More than 200 class-action settlements or verdicts have been issued in the past two decades involving Fortune 1000 companies’ retirement plans.
READ MORE ABOUT
RETIREMENT PLAN FIDUCIARY RESPONSIBILITY
Let NTCA's Expert Staff Work for You
You choose the Savings Plan options that work best for your company. Our in-house professionals take care of the rest, and at no added costs to your company. We handle your:
- Regulatory filings, including the IRS Form 5500
- Annual nondiscrimination and limits testing
- Monitoring and compliance with retirement plan regulations
- Plan documents
- Participant disclosure notices
We also partner with Fidelity Investments, one of America’s largest financial services providers, to provide one-on-one professional financial guidance, and extensive tools and educational resources for plan participants.
Choose Plan Options And Access a Wide Range of Investment Funds
You can elect Savings Plan options and contribution levels to meet your specific workplace needs. Participating employees have access to a wide range of investments, including Fidelity and non-Fidelity funds, and a self-directed brokerage window.