Why NUCA Members Should Rethink Their 401(k) Strategy

In today’s fast-paced world, planning for retirement is essential. The challenge isn’t just about saving; it's also about ensuring those savings grow effectively. If you currently rely on a traditional 401(k) plan, it might be time for a change. VOYAGER, a Pooled Employer Plan specifically designed for NUCA members, offers a fresh perspective for your retirement planning.

Let’s dive into why it's time to rethink your 401(k) strategy and how VOYAGER can transform your retirement savings.

What is a Pooled Employer Plan?

A Pooled Employer Plan (PEP) allows multiple employers to join together and share the responsibilities of managing their retirement plans. This is beneficial for small to mid-sized companies that are often left with trying to manage a 401(k) plan that can be both costly and complex.

By participating in a PEP like VOYAGER, NUCA members can take advantage of economies of scale. This can lead to reduced costs but more importantly offloading the burden of running the 401(k) to plan experts, allowing you to focus on growing your business while a dedicated plan administrator manages the intricacies of retirement planning.

Cost Efficiency: Say Goodbye to High Fees

One major advantage of switching to a pooled employer plan like VOYAGER is its cost efficiency. Traditional 401(k) plans can come with high plan fees which can significantly impact your retirement savings over time.

With VOYAGER, the plan fees decrease as more members join the plan which lowers fees for every employer in VOYAGER. This lower cost means more of your money is actively working for you, allowing you to keep more of your savings for future growth.

Expert Management and Investment Options

Investing for retirement can feel overwhelming, especially when navigating financial markets. With VOYAGER, you gain access to expertly managed investment options tailored for NUCA members.

VOYAGER offers a range of investment options that include both conservative and aggressive approaches, accommodating different risk tolerances.

Statistical data shows that well-managed retirement funds can yield 2-3% higher returns over a decade compared to unmanaged funds. All investments are carefully screened and vetted to ensure you have the highest preforming investments with the lowest costs.

Streamlined Audit Solutions for NUCA Members

VOYAGER offers a cost-effective solution for NUCA members with its audit costs set at just $4,000. This is a significantly lower expense compared to hiring an independent audit firm, making it an attractive option to reduce plan expenses and headaches.

VOYAGER simplifies the audit process, ensuring a more efficient experience. Instead of managing a lengthy list of tasks, participating employers typically only need to provide basic documentation such as I-9 forms and brief responses to internal control questions.

The Pooled Plan Provider (PPP) supplies fully reconciled payroll and participant data to a trusted audit partner, reducing your internal workload by 90% to 95%. This enables HR and finance teams to concentrate on strategic business priorities instead of audit logistics.

A Focus on Workforce Well-being

Provide a benefit that works as hard as your crew

Offering access to a comprehensive retirement plan like VOYAGER communicates a powerful message to your employees: their future matters to you. This commitment to employee well-being can significantly enhance job satisfaction, leading to improved retention rates.

Research indicates that businesses with strong employee benefits see turnover rates decrease by nearly 25%. As a NUCA member, integrating a robust retirement plan not only serves as a recruitment tool but can also foster a loyal and motivated workforce that can drive your project's success.

Compliance Made Easy

Meeting retirement plan compliance can quickly become overwhelming due to numerous regulations. Many business owners find this area confusing and hard to navigate.

VOYAGER simplifies this issue by taking on the compliance requirements. Thanks to the plan’s outsourced administration, you can feel confident that you’re meeting regulations without the stress. This alleviation of compliance responsibilities allows you to avoid costly penalties and refocus your energy on business growth.

Ready to See the Difference for Yourself?

Running a retirement plan doesn’t have to be costly or complicated. As a NUCA member, you deserve a solution that lowers fees, reduces fiduciary risk, and frees up your time to focus on your business.

That’s where we come in. Greenline Wealth Management, your dedicated NUCA advisor, is offering a complimentary 401(k) Plan Review for NUCA members. We’ll benchmark your current plan, uncover hidden fees, and show you how VOYAGER can streamline compliance and lower costs—without adding extra work for your team.

Schedule Your Free Plan Review Today

Call 561-405-6609 or email info@greenlinewm.com to get started.

Take 20 minutes with us, and you could save thousands while giving your employees the retirement benefit they deserve.