No Annual Audits (can save $5,000 to $12,000/yr.)
Cost Savings on Investments
No Individual Form 5500 Reporting
Less Plan Maintenance
Customizable Plan Features
Reduced Fiduciary Liability
Security: Transamerica®, one of the world's leading financial services companies with more to 19.5 million customers, provides the investment platform for the the UMA Multiple Employer Plan 401(k).
Personalization: The UMA 401(k) lets companies tailor options precisely to their needs.
Access: The UMA 401(k) makes you eligible for large group plan designs and more comprehensive benefits that many companies would otherwise not have access to.
Options: Adopting groups may customize their plan features to meet their specific needs.
Ease: The Altura Financial Advisors UMA team stands ready to answer questions and provide support to your HR staff as well as individual employees. The multiple employer plan prepares and submits the Form 5500 for you.
Affordability: Secure lower costs as well as potential tax benefits for your company. Companies subject to an annual audit avoid this requirement and save the associated cost when they participate in the UMA 401(k).
Protection: National Benefit Services (NBS) is the Plan Administrator and named 3(16) fiduciary responsible for managing the day to day operations of the plan. NBS performs all functions necessary to keep your plan compliant. Mesirow, the named 3(21) investment fiduciary is responsible for the selection and monitoring of the investment menu.
Job satisfaction: Employees value working for an employer with a retirement plan in place. In fact, 88% of workers value a 401(k) or similar plan as an important benefit, according to the 17th Annual Transamerica Retirement Survey of Workers.
To learn more about the value of multiple employer plans and the UMA Program, schedule an appointment with Altura FInancial Advisors' President, Craig Paulson, CRPS®.
Craig Paulson, CRPS®, Altura FInancial Advisors
Request more information or schedule a no-cost plan design evaluation.
Investment adviser representative and registered representative of, and securities and investment advisory services offered through Voya Financial
Advisors, Inc. (member SIPC). Altura Financial Advisors is not a subsidiary of nor controlled by Voya Financial Advisors.
UMA, Transamerica, and NBS are not affiliated with Voya Financial Advisors.
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