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What are the features ?
 A great company - The Hartford Group
- $50+ billion in qualified retirement program assets
- State-of-the-art platform
- 35 multi-family investment options:
AIM, Fidelity, Janus, Oppenheimer, American, Putnam, Franklin, Templeton, Wellington & others
- Award-winning service
- 24/7 Internet Account Access
- 24/7 Voice Response Unit
- Quarterly Statements to be mailed directly to participants
- Personalized enrollment kits
- On site enrollments 25+ eligible employees
- Voice/conference enrollments < 24 eligible employees
- Easy installation
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How much does it cost?
- For your company:
- $200.00 annual administrative fee
- For your employees:
- $10 per employee annually
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This unbelievable program with these great options and pricing are only available to members
of the Greater Houston Builders Association.
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How a 401(k) Plan Benefits You and Your Employees:
- Employer Advantages... You benefit because a 401(k) plan:
- Is funded essentially from dollars paid as salary through payroll deduction
- Lets you deduct your contributions from taxes as a business expense
- Employee Retention Recruitment: Helps recruit and keep quality employees
- Helps employees build retirement security
- You have the ability to custom design your plan documents to fulfill your needs
- Employee Advantages... a 401(k) plan allows your employees to:
- Save through easy payroll deduction
- Choose the amount they want to save
- Select investments suited to their needs
- Reduce their taxable income
- Defer taxes on the amount saved and its earnings until the members receive
benefits from the plan
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Who is eligible ?
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To qualify for GHBA 401(k) plan fees the adopting employer must meet ONE of the following requirements:
- 5 or more participants and total annual contributions of at least $70,000
- 25 or more participants and total annual contributions of at least $50,000
- rollover assets from existing plan of at least $200,000
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Qualifying Contributions
- Employees - deduct from 1-75% of annual pay with a maximum of $15,500 and a catch-up of $5000 for 2007.
- Employers - contributions are discretionary. They can be in the form of a match or profit sharing
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