Products & Services

457

Did you know that the statewide participation rate in the 457 is at 61%, when the participation rates in the 401k are at 83%? With 25 years of experience, we have learned that education is the key to getting these participation rates up. We have an education program that we customize and tailor to your organization.

This education program does NOT go over any financial product or vendor, but does include:

  • CalPERS Legislation changes
  • Social Security (Windfall Elimination Provision, Government Pension Offset)
  • Differences between 457, 401k and IRA
  • Plan Rules (Loans, Hardship withdraws, max limits, etc.)
  • Gap at Retirement

Why is participation important to the employer?
There is a direct fiscal impact for the employer if there is a high 457 participation rate. The employer gives the employees every opportunity to prepare to take retirement at the expected age by providing proper education.

Why is participation important for the employee?
The benefit to the employee for high participation rates is that they will be able to take retirement at an acceptable age with a higher income.

 

TPA

Every third party administrator has strengths and weaknesses. We want to ensure that you have the right TPA doing the best job for you.

Questions to consider:

  • Does your TPA overcharge the District or Employees?
  • Do you still have IRS liability, or does your TPA cover you 100%?
  • Is your TPA up to speed on Technology, or do they still require paper format?
  • Does your TPA charge for Dormant Accounts?
  • Does your cost include an education piece or just the meaningful notice?

If your TPA is no longer a good fit, have you considered switching? As a broker, American Pension, works with many third-party administrators. We can review your current TPA to help you identify if you are receiving the best service at the best cost. If you are not, we can help you build an RFP/RFQ that will get you started on your search for a new TPA.

 

Insurance

American Pension provides a variety of insurance services depending on your family’s specific needs and objectives.

  • Coverage during working years only
  • Pension max planning for retirement
  • Supplemental tax-free plans for retirement
  • Specific coverage in the case of a heart attack, stroke, cancer or other major medical conditions
  • Group Life
  • Individual Life
  • Disability
  • Health/Medical
  • Dental
  • Vision
  • Section 125 Plans