AGC Southwest Chapters Multiple Employer 401(k) Plan

​The AGC Southwest Chapters 401(k) is now one of the largest super-regional association retirement plans, representing more than 100 companies and holding assets of more than $350 million. AGC Houston, Louisiana AGC and TBB sponsor the plan. Your membership with Louisiana AGC or any AGC Building Branch Chapter in the state of Texas allows you to join our “closed” MEP as an adopting employer. “Closed” MEPs are permitted distinctive allowances by the DOL. There are no individual audits, no 5500 or other tasks affiliated with an “open” MEP or individual 401(k) plan for your company.

Employee Rebate – New!

The AGC SWC committee voted to refund approximately 5 BP annually to all participants. The will be applied in the first quarter of 2020.​

Expense Ratio

​.82%
Weighted average expense ratio per the 408(b)(2) fee disclosure

Employee Credit – New for 2020

In the first quarter of 2020 there is a total of $300,000 going into participants accounts. This is equal to an 8 BP reduction in expense
on a $375 M plan.

Employee Fees

$0 – Annual Per Participant Fee, other fees on investment, RMD’s
$50 per occurrence for: Loan set up, loan maintenance (annual), distributions

Enrollment/Education

$0 – Annual Webinar Series (14 per year), enrollment workbooks, on-site workshops (no minimum participant #)

Individual Company Highlights:

  • NO EMPLOYER FEES by record keeper or TPA
  • No Audit (Company level)
  • No 5500 (Company level)
  • No liability as Trustee, Plan Administrator or Named Fiduciary
  • Committee of peers manages plan
  • Dedicated support staff at all levels
  • Plan design flexibility at adopter level
  • Dedicated employer website
  • Dedicated employee website

For more information:
Contact R.W. Baird at 713-296-8066 or mep@rwbaird.com to learn more about the AGC South Texas Chapter 401K program.

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