What is the NAM 403(b) Plan?
Show your employees that you value their work
Our 403(b) Plan is a NAM member benefit adopted by multiple, unrelated employers through their NAM membership. This packaged solution brings together vetted partners providing NAM members with the opportunity to outsource many of the important administrative, recordkeeping, and fiduciary services of a 403(b) plan. Essentially, this packaged solution gives nonprofits access to a professionally maintained 403(B) plan without the headache.
How Can the NAM 403(b) Plan Save Us Time & Money?
Our retirement plan provides NAM members an opportunity for potential cost savings, fewer administrative responsibilities, and other benefits when compared to operating a single employer plan on your own. Time is money. NAM’s 403(b) plan provides our members exclusive access to a customized solution, personalized advice, webinars, professionally maintained investment menu, and streamlined administration that reduces the most time-consuming tasks of managing a 403(b) plan for your employees.
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Who's the Team Behind NAM's Retirement Solution?
We've done the homework for you. NAM selected a team that understands the needs of nonprofits and developed a unique packaged solution to meet these needs - no matter your size or budget.
• CAPTRUST - the plan fiduciary advisor, negotiates competitive provider fees, researches, monitors and recommends investments for the plan, maintains investment policy statements, consults with the Retirement Committee on plan design, interprets and consults on plan documents, and provides access to Fiduciary advice, quality educational webinars, a host of financial wellness resources, and more.
• BPI - the third-party administrator, manages enrollment and stands ready to answer participant questions by phone or chat.
• Nationwide - the recordkeeper, is responsible for tracking participant investments, issuing account statements to participants, and providing customer support. Nationwide serves as the “bookkeeper” of your assets, and works closely with BPI to process employee enrollment, log and track contribution types, and manage and record distributions from the plan.
• Nonprofit Association of the Midlands, NAM is the gateway to this opportunity for our members, providing ongoing support and education along the way.
• YOU - your nonprofit is your own plan sponsor. This means your organization makes your OWN 403(b) plan decisions regarding employer contributions, vesting requirements, matching opportunities and more. You have flexibility without all the administrative headaches.
Learn more and meet the CAPTRUST Team
Troy Anderson would be happy to discuss the benefits of the NAM Plan with you today! troy.anderson@captrust.com or (515) 657-4106
CAPTRUST | 4208 Six Forks Rd, Suite 1700, Raleigh, NC 27609 | 919-870-6822