Discover the Trust

An important benefit for your veterinary practice

Offering access to a retirement plan as part of an employee compensation package can help build a stronger practice–and allow you and your employees pursue financial peace of mind.

Discover the AVMA Trust Retirement Plan

The AVMA Trust—in partnership with Transamerica, TAG Resources, and Envestnet—is sponsoring a 401(K) multiple employer plan (MEP) designed specifically for veterinarians and veterinary practices. Available exclusively to AVMA members and their employees, the AVMA Trust Retirement Plan offers a offers an array of benefits for practice owners like you, including:

Cost Savings

Unlike most single employer plans, which can be costly to install and maintain, the AVMA Trust MEP is affordable, with adoption and annual maintenance fees that are well within reach for most practices.

A Customizable Plan Design

Work with an expert on a plan design that fits your practice needs. Then pick the eligibility requirements, entry dates, and vesting schedule that best fit your budget and objectives.

Enrollment Resources

Make it easy for employees to participate in the plan with the help of enrollment workbooks, workshops, and videos—many available in both English and Spanish—plus a hassle-free online enrollment tool.

Investment Education and Planning Tools

Empower participants to better manage their investments through educational meetings, access to financial planning consultants, and an easy-to-navigate website that lets them update and track their investments.

Simplified Plan Administration

Offload many administrative tasks, including employee eligibility tracking, contribution remittances, payroll processing, loan and distribution processing, and compliance and legislative supervision to professional service providers.

Reduced Fiduciary Burden

The responsibility to act as a fiduciary—or caretaker—of your retirement plan’s assets is transferred from you to a delegated investment fiduciary, relieving you of this significant burden.

Ready to learn more?

 

Talk with an expert

Get the Guide

What is a multiple employer plan (MEP)? How does this type of plan benefit me and my practice? Why should I consider the AVMA Trust Retirement Plan? What steps do I take to adopt the Trust plan—and how long will it take?

The AVMA Trust—along with our partners at Transamerica—have developed a guide and webinar to answer these and many other questions about MEPs and the AVMA Trust Retirement Plan.

Still have questions?

 

Talk with an expert

Before adopting any plan, sponsors should carefully consider all the benefits, risks, and costs associated with a plan. Information regarding retirement plans is general and is not intended as legal or tax advice. Retirement plans are complex, and the federal and state laws or regulations on which they are based vary for each type of plan and are subject to change. In addition, some products, investment vehicles, and services may not be available or appropriate in all workplace retirement plans. Plan sponsors and plan administrators may wish to seek the advice of legal counsel or a tax professional to address their specific situations.

 

While a Multiple Employer Plan (MEP) arrangement offers adopting employers the ability to delegate fiduciary functions to the MEP provider, employers should be aware that they still retain the fiduciary responsibility for selecting and monitoring the MEP provider. Because a MEP is treated as a single plan, a violation of the qualification rules by an adopting employer could affect the qualified status of the plan as a whole. To be treated as a single plan under the qualification rules, the adopting employers of a MEP must share a commonality—a connection among the adopting employers such as a trade or professional organization.

 

All companies referenced are separate and unaffiliated organizations.

Address: PO Box 1629, Chicago, IL 60690-9850
Tel: 800-228-PLIT (7548)
Email: info@avmaplit.com

About Us | Privacy | California Privacy | Terms | How we get paid

HUB International Midwest Limited, HUB International Midwest Insurance Agency (CA), AVMA PLIT Broker and Consultant since 1962
© 2021 HUB International Limited. All rights reserved.