Several retirement planning options are available to you as a member of MAIA and the Big "I" - the only retirement consultants who cater exclusively to independent agents and brokers.
Big "I" Retirement Services offers several options for agents to explore including the MEP 401(k) as well as traditional IRAs, Roth IRAs and IRA plans such as SIMPLE IRAs and SEP IRAs.
Available exclusively to Big "I" members, the Big "I" MEP 401(k) is a top-tier 401(k) plan with low cost mutual funds, competitive administrative costs, cutting edge educational tools and plan consulting. This plan has helped many agencies fulfill their fiduciary obligation by reviewing their plan expenses and educating them on the true cost of their plan. In addition, many were able to reduce their recordkeeping and investment expenses.
In the recorded Live Stream Session video below, Dave Evans, Senior VP Retirement Services & Financial Planning, IIABA walks you through how the Big "I" MEP 401(k) Plan works and how it can benefit your agency.Additional MEP 401(k) Information:
Anytime! As a current plan sponsor, it is your ongoing fiduciary responsibility to review your plan and determine if the fees/costs are reasonable, avoid excessive plan costs and look at the overall benefits provided to plan participants. You, the plan sponsor, can inquire any time during the year about the MEP and obtain a proposal and discuss the finer details such as transition timing, the impact of moving from a single employer plan to the MEP and introduce you to the administrator who will walk you through the process. Review your current plan expenses and design with the team to ensure you are maximizing your retirement plan benefits for you and your employees.
Interested? Start a plan or compare your current plan to industry benchmarks! Get started on a complimentary consultation right away. Contact Christine Munoz at (800) 848-4401 or [email protected] for a free plan consultation.