PIA Announces The PIA 401(k) Plan

PIA Announces The PIA 401(k) Plan

A turn-key, low-cost solution for agency owners and their employees.

WASHINGTON —The National Association of Professional Insurance Agents is pleased to announce the PIA 401(k) Plan, a turn-key, low-cost solution for agency owners and their employees.

The PIA 401(k) Plan provides what employees want and what independent agents need to deliver it, in an efficient and cost-effective way. As an independent agent:

You want a retirement plan for your agency that: 

• is easy to administer.
• minimalizes fiduciary responsibility.
• is low-fee and low-cost. 

 As a new PIA Member benefit, the PIA 401(k) Plan has you covered performing over 90% of administrative tasks and becoming your retirement department support team – allowing you to focus of what you do best – selling insurance.

 The plan offers:

1. Easier to Administer 401(k) Plans

With The PIA 401(k) Plan, employers outsource the functions and liability of the retirement plan administration. PIA 401(k) becomes each employer’s retirement solution, support team in action, and accountability. It eliminates a majority of a plan’s administration burden, allowing you to focus on your business.

2. Compliant 401(k) Plans

Employers are faced with a voluminous number of regulations, documentation, record keeping, and tasks that come from both DOL and IRS requirements. The PIA 401(k) Plan takes on the oversight and execution of the tasks required to keep each plan compliant.

3. Substantial and Well-Known Providers

The PIA 401(k) Plan works with various established 3(38) Investment Managers.

4. Protection from Fiduciary Liability

The PIA 401(k) Plan takes on the highest level of fiduciary liability and is responsible and accountable for operational and investment oversight.

5. Reasonable Cost

There are minimal billables to employers with retirement Plans in the PIA 401(k) Plan. Money that would normally be spent on fees is instead used for enhancements to the retirement plan offering. The PIA 401(k) Plan is competitively priced, and often costs less than other programs offering fewer comprehensive services.

Ready for a better retirement solution? Learn more at: www.pianational.org/401k

About PIA

Founded in 1931, PIA is a national trade association that represents member insurance agents and their employees who sell and service all kinds of insurance, but specialize in coverage of automobiles, homes, and businesses. PIA’s web address is www.pianational.org.