The AGC Southwest Chapters 401(k) is now one of the largest super-regional association retirement plans, representing more than 100 companies and holding assets of more than $350 million. AGC Houston, Louisiana AGC and TBB sponsor the plan. Your membership with Louisiana AGC or any AGC Building Branch Chapter in the state of Texas allows you to join our "closed" MEP as an adopting employer. "Closed" MEPs are permitted distinctive allowances by the DOL. There are no individual audits, no 5500 or other tasks affiliated with an "open" MEP or individual 401(k) plan for your company.
For a list of participating companies, click here.
.82% Weighted average expense ratio per the 408(b)(2) fee disclosure
Employee Credit - New for 2020
In the first quarter of 2020 there is a total of $300,000 going into participants accounts. This is equal to an 8 BP reduction in expense on a $375 M plan.
$0 - Annual Per Participant Fee, other fees on investment, RMD's $50 per occurrence for: Loan set up, loan maintenance (annual), distributions
$0 - Annual Webinar Series (14 per year), enrollment workbooks, on-site workshops (no minimum participant #)
Individual Company Highlights:
NO EMPLOYER FEES by record keeper or TPA
No Audit (Company level)
No 5500 (Company level)
No liability as Trustee, Plan Administrator or Named Fiduciary
Committee of peers manages plan
Dedicated support staff at all levels
Plan design flexibility at adopter level
Dedicated employer website
Dedicated employee website
For more information:
Contact R.W. Baird at 713-296-8066 or email@example.com to learn more about the Austin AGC 401K program.
Copyright Associated General Contractors of America - Austin Chapter. All Rights Reserved. 609 S Lamar Blvd | Austin, TX 78704 Phone: (512) 442-7887 | sitemap