RETIREMENT PLANS
Planning for and investing in the future
NFA can offer customizable retirement plans including 401(k) and Multiple Employer Aggregation Program (MEAP) solutions by our exclusive partner Hall Financial Advisors.
Hall Financial Advisors: Offer more benefits to your employees
This comprehensive and popular design allows employee contributions, an employer match that can be adjusted annually, and a vesting schedule that works for your business. Flexibility is maximized with this design.
Already have a retirement plan?
Now’s a perfect opportunity to reach out to the Hall Financial Advisors team, who will review and benchmark your plan and assess whether it’s meeting your goals—or if transitioning to the NFA group 401(k) could better meet your needs.
What to expect with a new 401(k) from Hall Financial Advisors
- Lower administrative cost
- Less administrative work, as you hand off many of the responsibilities that come with running a 401(k), including filing Form 5500 and employee loans
- Relief from many fiduciary obligations, while maintaining your current plan design
Considering a retirement plan?
A 401(k) can be a powerful tool for keeping the quality people you have onboard and bringing new talent into the fold. Joining the NFA group 401(k) could be the most cost-efficient solution.
RETIREMENT PLANS THE WAY YOU WANT THEM.
Retirement Trust offers:
Standard 401(k)
Ideal for all employees
This comprehensive and popular design allows employee contributions, an employer match that can be adjusted annually and a vesting schedule that works for your business. Flexibility is maximized with this design.
Safe harbor 401(k) With 3% Match
Ideal for employers who want to limit contributions
The Safe Harbor 401(k) with 3% match is ideal for employees and managers. This design allows employee contributions, but limits employer contributions to 3% of payroll. With this plan design, everyone gets something of value.
Safe harbor 401(k) With 4% Match
Ideal for owners and other highly compensated employees
The Safe Harbor 401(k) with 4% match is ideal for managers and owners. Owners include anyone who owns over 5% of the business and/or earns over $100,000 in annual salary. This design allows employee contributions, but limits employer contributions to 4% of only those who make contributions. With this plan design, only those who show interest by contributing some of their own pay get the benefits from the employer.
Managers Only plan
Custom designed plan to reduce eligible participants
The Managers Only plan is custom designed for Elevanta clients and is ideal for managers and long-term employees. If owners are not interested in the plan for themselves, this design allows eligible participants to be limited to specified groups. The Managers Only design significantly reduces the number of eligible participants, removes compliance testing concerns and eliminates the need to include those who are not eligible in monthly census submissions.