Our Defined Contribution Program offers a range of advantages, including pre-tax savings, potential federal tax credits, and access to 22 low-cost mutual fund options. With competitive pricing, a dedicated GMA support team, and easy account access, our program ensures participants save more while receiving personalized assistance.
Benefits
Our DC program 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.