Service Details

Benefits

DC offers competitive benefits that make it a better choice than standalone commercial offerings.
  • Pre-tax savings. Any deferred earnings are not taxed until you receive them in retirement.
  • Tax credits. You may qualify for a savings credit on your federal taxes.
  • Diversified Low-Cost Investment Choices.  22 mutual fund options (including target date funds) and a Stable Value Fund, all of which utilize some of the lowest cost share classes available in the investment industry.
  • Competitive Pricing.  GMA leverages defined benefit retirement fund assets to lower plan fees whenever possible to ensure that participants get to save more of what they earn.   
  • Dedicated GMA Staff.  GMA employees are committed to educating plan participants through seminars and one-on-one meetings.
  • Easy Account Access.  Via on-line or through our dedicated client support 800- number.

Costs

GMA provides DC plans at no administrative cost to our cities.  There is a quarterly administrative fee from each participating employee’s account at a rate of 15 basis points (100 basis points = 1 percentage point) and $16.

To learn more about our Defined Contribution program, call us today. You can reach out to Randy Briskin at (678) 686-6257 or Michelle Warner at (678) 686-6214. You may also call toll-free at (888) 488-4462.