Products September 5, 2001

Big Plans for Small Public Employers from ICMA

May 9, 2001 (PLANSPONSOR.com) - Thanks to the Internet, small public sector employer will now be able to take part in 457 affordable deferred compensation plans.
Reported by

The ICMA Retirement Corporation’s (ICMA-RC) i457 plan enables smaller public sector employers to benefit from the features of deferred compensation plans formerly available only to large plans.

The plan offers a range of mutual funds and services for 457 supplemental retirement plans and provide employees with online enrollment and account management and education.

Get more!  Sign up for PLANSPONSOR newsletters.

The program allows plan sponsors to:

  • evaluate, design and manage a 457 deferred compensation plan via the Internet;
  • access comprehensive on-line reports, analyzing employee behavior and demographics and historical investment option performance;
  • view the manner in which participants use the investment options, information which allows plan sponsors to continuously improve their plan.

In addition, ICMA-RC will assist with maintaining the compliance of the plan by monitoring legislative changes, implementing these and keeping plan sponsors abreast of such changes.


 

«