Governmental Retirement Plans
A well-designed retirement plan can help you recruit and keep talented employees. But offering a retirement plan can be complicated, especially when you consider the distinct requirements and complexities of governmental plans.
Ameritas can help. We understand the differences between your plan and a traditional retirement plan. We’ll work with you to ensure your plan is exactly what you need. Our strength shows in the governmental plans that we serve, including:
Streamline retirement planning
Navigate the complexities of governmental retirement plans with tailored solutions.
Different types of governmental plans
457(b) plans
Like 401(k) plans, these plans allow employees to set aside part of their income for retirement. Employees benefit from the tax-deferred growth of contributions made to the plan.
401(a) plans
A 401(a) plan may be paired with a 457(b) plan, where the 457(b) plan receives the employee elective deferrals and the 401(a) plan is the primary plan for employer contributions. The contribution limits for 401(a) and 457(b) plans are separate so employees can contribute the full amounts allowed under each plan.
414(h) plans
This option allows a governmental employer to establish a money purchase pension plan with mandatory employee contributions, treating them as pre-tax contributions and providing tax benefits for the employee. This is not a stand-alone provision and is only available as part of the 401(a) plan.
The value of having one provider
Our bundled services allow us to serve all aspects of a governmental retirement plan. There is no need for multiple service and investment providers.
By consolidating services and investments you can help reduce fiduciary responsibility and potentially cut costs. You can also reduce participant confusion by having all plan services and information provided by a single source. If you have the freedom and flexibility to choose your own service and investment providers, we also offer unbundled services.
Why Ameritas?
We’ve been a leader in the retirement plan marketplace for over 60 years. As a premier recordkeeper and administrator, we have the expertise to help you provide a retirement plan you can trust to meet the distinctive needs of your organization.
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Dedicated support
Your retirement plans team is dedicated to governmental plans and has the experience to design and manage a successful governmental plan.
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Services to fit your priorities
Whatever the size of your plan or the stage it’s in, our technology and plan administration models provide the services you and your employees need.
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Fiduciary assistance
Navigating retirement plan regulations can be daunting. Ameritas offers fiduciary resources to help you navigate risks and responsibilities effectively.
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Payroll integration
Managing a retirement plan involves handling contributions. We work with dozens of payroll providers who can help you automate and streamline the process. Choose from two options:
- 180° payroll integration directly transfers plan payroll files without the need for employers to manually enter or upload this information.
- 360° payroll integration directly feeds contribution rate changes, auto-escalation, opt-outs and loan data into payroll programs without the need for employers to manually input this information.
How do I begin?
Retirement solutions from Ameritas are customized to the needs of your organization, and they start with a conversation. Tell us a little more about your needs and we’ll be in touch.