Group Retirement Plan Options
The “Secure Act” established several changes to the retirement landscape available to individuals and small businesses. A “Pooled Retirement Plan” is one of those enhancements and includes:
- The ClearVantage Pooled Employer Plan, is a collection of single employer defined contribution plans (401(k) plans), through a pooled arrangement. A Pooled Employer Plan (PEP) allows multiple participating businesses with no common interest other than plan sponsorship to participate in a formal 401(k) plan. In simple terms, members of "NABSTMC" would be able to participate under one PEP. regardless of association or industry. From a NABSTMC perspective, the “plan sponsorship” would be the connection.
- Through the PEP, there may be a common administrator, 3(16) administrative service provider, a common investment menu, plan year, and trustee.
- There is no fiduciary liability for the sponsor (NABSTMC).
- Each individual company/entity would be responsible for administration (not NABSTMC) .
- The pooled plan solution is designed to reduce administrative burden, transfer certain risks, and potentially lower plan costs.
- It (PEP) brings together a team of professionals on an organization's behalf so they can focus on what matters most: running their business - not their retirement plan.
- Annual Plan Fees (Billed quarterly)
Adopter Base Fee - Ameritas | Base Fee (Per adopter) | $2,500.00 |
| Adopter - PPP | Base Fee (Per adopter) | $500.00 |
| Account fee | First 200 Accounts Next 300 Accounts All other Accounts | $60.00 $50.00 $40.00 |
| Fulfillment Services | Per Eligible | $6.00 |
| Custodian | Asset Fee | 0.030% |
| TPA and Recordkeeping | Asset Fee | 0.050% |
| Investment Management | Asset Fee | 0.050% |
| Managed Account Fee | Asset Fee | 0.150% |
| Plan Administration | Asset Fee | 0.050% |
| Plan Investment Advisor (per adopter) | First $1,000,000.00 Next $4,000,000.00 Next $5,000,000.00 Next $90,000,000.00 All Other Assets | 0.400% 0.250% 0.150% 0.100% 0.040% |
- Activity Fees (billed ad hoc)
| In-Plan Roth Conversions | $150.00 |
| Termination Distribution | $125.00 |
| In-Service Withdrawal | $75.00 |
| Loan Distribution | $125.00 |
| Annual Loan Maintenance | $50.00 |
| QDRO (Qualified Domestic Relations Order) | $250.00 |
- Currently there is a tax incentive that would provide a tax credit of up to $5,000.00 for the three years of a retirement plan's operation. This incentive will mostly offset any plan costs to NABSTMC.
- Investment Options
| Fund Name | Asset Category | Expense Ratio |
| American Innovation | Large Growth | 0.40% |
| Ameritas Stable Value CIT, Class 50 | Stable Value | 0.75% |
| ClearBridge International Growth | Foreign Large Growth | 0.71% |
| DFA Real Estate Securities Portfolio | Real Estate | 0.18% |
| Fidelity 500 Index | Large Blend | 0.02% |
| Fidelity Inflation Protected Bond Fund | Inflation Protected Bond | 0.05% |
| Fidelity International Bond Index Fund | Global Bond USD Hedged | 0.06% |
| Fidelity Large Cap Growth Index Fund | Large Growth | 0.04% |
| Fidelity Mid Cap Index Fund | Mid Cap Blend | 0.05% |
| iShares MSCI EAFE International Index Fund | Foreign Large Blend | 0.05% |
| Large Cap Value Fund CL R1 | Large Value | 0.29% |
| Lord Abbett Small Cap Growth Equity Tr II CL LH | Small Growth | 0.58% |
| PGIM Core Conservative Bond Fund CL R1 | Intermediate Core Bond | 0.11% |
| Pioneer Bond Trust CL R1 | Intermediate Core Plus Bond | 0.23% |
| State Street Emg Markets Equity Index Fund (K) | Diversified Emerging Markets | 0.17% |
| State Street Target Retirement 2020 Fund (k) | Target Date 2020 | 0.09% |
| State Street Target Retirement 2025 Fund (k)
| Target Date 2025 | 0.09% |
| State Street Target Retirement 2030 Fund (k)
| Target Date 2030 | 0.09% |
| State Street Target Retirement 2035 Fund (k)
| Target Date 2035 | 0.09% |
| State Street Target Retirement 2040 Fund (k)
| Target Date 2040 | 0.09% |
| State Street Target Retirement 2045 Fund (k)
| Target Date 2045 | 0.09% |
| State Street Target Retirement 2050 Fund (k)
| Target Date 2050 | 0.09% |
| State Street Target Retirement 2055 Fund (k)
| Target Date 2055 | 0.09% |
| State Street Target Retirement 2060 Fund (k)
| Target Date 2060 | 0.09% |
| State Street Target Retirement 2065+ Fund (k)
| Target Date 2065 | 0.09% |
| State Street Target Retirement Fund (k)
| Target Date Retirement | 0.09% |
| Vanguard Small Cap Index Fund (ADM) | Small Blend | 0.05% |
| Vanguard Value Index Fund (ADM) | Large Value | 0.05% |
| WT Franklin Small Cap Value CL R | Small Value | 0.53% |
