Multiple Employer 401(k) Retirement Program
Providing a retirement plan for your employees is essential, yet many small businesses believe the expertise and resources required are out of reach. In fact, 86% of employers with fewer than 100 employees do not offer a retirement plan. For those that do, the costs and administrative burden can be significant.
To help address this challenge, the NH Retail Association offers the Alliance of State Retail Associations and Transamerica 401(k) Plan and Trust—the first multi-employer 401(k) plan available through an association in New Hampshire. The program includes 3(16) administrative services and 3(38) investment oversight, helping reduce fiduciary liability and streamline plan administration.
This program is designed specifically for small to mid-sized retail companies and offers a high-quality retirement benefit with potential cost savings and significantly less administrative responsibility. Participating employers gain access to best-in-class administration, a strong investment lineup, and the flexibility to tailor plan features—such as profit sharing, matching contributions, loans, and Roth deferrals—to meet their organization’s needs.
By joining the Alliance plan, you can:
Spend less time managing retirement plan administration
Offer a competitive benefit that helps recruit and retain employees
Access institutional pricing often unavailable to standalone plans
Benefit from expert investment selection and fiduciary protection
Maintain flexibility in plan design
Retain your existing financial advisor
The Alliance of State Retail Associations 401(k) Plan gives your business a powerful partner with the resources to support your employees’ financial future—while allowing you to stay focused on running and growing your business.
For more information, click here.
