In partnership with Larchmont/Transamerica, the North American Trailer Dealers Association (NATDA) is unveiling a retirement plan solution designed to reduce administrative burden, transfer certain risks and lower the overall plan costs for association members.
The NATDA 401(k) Group Plan Solutions (GPS) will be offered through Larchmont and Transamerica.
NATDA Vice President Amy Ackerman said many of the association’s members, including manufacturers and dealers, struggle to maintain a full staff.
“This new program will create a way to either attract new talent,” Ackerman said, “or retain their current employees, while strengthening the position of the trailer industry’s workforce overall.”
By joining the program, business owners and their HR teams’ workloads are reduced, fiduciary coverage is added and employees are offered a competitive retirement plan, all while taking advantage of the economies of scale pricing and lessening 401(k) audit costs.
“We are excited to form a partnership with NATDA and enhance its already robust member benefit program by offering NATDA 401(k) GPS,” said Jeff J. Kim, a certified financial planner with Larchmont Financial. “With many states already passing legislation requiring employers to either offer a retirement plan or join a state-facilitated program, this program will assure that NATDA’s members will be compliant with their states while offering a competitive plan that can be customized for company’s needs. We are looking forward to being part of NATDA’s family and be a resource in the corporate retirement plan arena so members can focus on growing and scaling their businesses.”
To learn more about the NATDA 401(k) Group Plan Solutions, visit larchmont401k.com/natda or call 727-360-0304. To learn more about other NATDA member benefits, visit natda.org.
