CMMA is proud to introduce a new member benefit!
CMMA 401(k) Retirement Plan
The new CMMA 401(k) Retirement Plan affords members the opportunity to provide a powerful retirement plan for employees, save money, and spend less time on plan administration. Structured as a Multiple Employer Plan (MEP), CMMA partnered with Clint Nelson, Qualified Plan Advisors, to offer this new member benefit.
BENEFITS TO YOUR COMPANY
• No annual audit
• Cost savings on the investments
• No individual Form 5500 reporting
• Minimal plan maintenance
• Flexible plan features, including safe harbor, Roth, and profit-sharing
• Customizable 401(k) plan design options involving eligibility, matches, vesting schedules, more
The CMMA 401(k) Retirement Plan, from a government reporting standpoint, is treated like one large plan. The end result for you is a 401(k) plan with competitive investments, outstanding service, and someone else doing a majority of the plan maintenance legwork.
STRENGTH IN NUMBERS
When you utilize the CMMA 401(k) Retirement Plan, you have all the advantages and flexibility of a stand-alone plan sponsor, but avoid the expenses and administrative burden associated with sponsoring a single employer plan.
LET US HANDLE THE PAPERWORK FOR YOU
By participating in the CMMA 401(k) Retirement Plan, virtually all administrative tasks can be offloaded.
Tasks that can be shifted include:
• Administrative responsibilities
• Employee eligibility tracking
• Distribution processing
• Plan compliance
• Nondiscrimination testing
• Annual reporting
• Participant enrollment/education
The result? More time for you to focus on running your business!
This FREE webinar will be repeated FOUR times:
Choose the date/time that works for you.
9:00 am on April 6
11:00 am on April 15
9:00 am on May 4
11:00 am on May 6
Clint Nelson, CFP®, AIF® Qualified Plan Advisors
Financial Planner / Retirement Plan Advisor
Before adopting any plan, you should carefully consider all of the benefits, risks, and costs associated with a plan. Information regarding retirement plans is general and is not intended as legal or tax advice. Retirement plans are complex, and the federal and state laws or regulations on which they are based vary for each type of plan and are subject to change. In addition, some products, investment vehicles, and services may not be available or appropriate in all workplace savings plans. Plan sponsors and plan administrators may wish to seek the advice of legal counsel or a tax professional to address their specific situations.
Securities offered through Transamerica Investors Securities Corporation (TISC), member FINRA, 440 Mamaroneck Avenue, Harrison, NY 10528.
All Transamerica companies identified are affiliated, but are not affiliated with Qualified Plan Advisors.
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© 2020 Transamerica Retirement Solutions, LLC 03/20