Helping You and Your Employees Save for the Future
The AGC Southwest Chapters Retirement Plan is a Multiple Employer Plan where companies share administrative expenses instead of bearing the brunt of the entire plan. Over one hundred companies from numerous AGC chapters participate in the partnership with RW Baird.
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.
Employee Rebate - New!
The AGC SWC committee voted to refund approximately 5 BP annually to all participants. The will be applied in the first quarter of 2020.
Expense Ratio
.82%
Weighted average expense ratio per the 408(b)(2) fee disclosure
Employee Fees
$0 - Annual Per Participant Fee, other fees on investment, RMD's
$50 per occurrence for: Loan set up, loan maintenance (annual), distributions
Employer Fees
$0 - Audit, Record keeper, 3rd party administrator, amendment, installation fee (new plan)
Enrollment/Education
$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
To learn more and to get started, contact Stephen Ellsworth at 713.296.8053 or eMail him at SEllsworth@RWBaird.com