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Transamerica is an industry leader and pioneer in the pooled plan space, having worked with multiple employer plans for over two decades.
Gain a Competitive Edge to Attract and Retain Talent
The American Physical Therapy Association 401(k) Retirement Plan is designed to help practices of all sizes gain a competitive edge to attract and retain talent, ease administrative burdens, and lower fiduciary risk by offering a cost-effective, quality retirement plan available to you as an APTA and APTA Private Practice member.
This multiple-employer plan, or MEP, is sponsored by APTA and run by service providers Virtus Capital and Transamerica. A MEP creates one entity for physical therapy practice owners, who share a common business interest, to offer a retirement plan that is carried out with the highest degree of prudence, good faith, honesty, integrity, service, and undivided loyalty to their retirement plan participants.
Frequently Asked Questions
- Administrative relief: A professional service team takes over many administrative responsibilities.
- Reduced liability: Fiduciary support is assumed by professional plan administrators.
- Retention of customized plan features: Already have a plan in place? Many employers can retain those customizations.
- Professional support: Participants will get access to professional service firms with investment selection and performance oversight.
- Access resources: Gain contact with participant communications and full information regarding plan education support.
- Time savings: By off-loading many plan-related tasks, you save time for yourself, your employers, and your practice.
The APTA 401(k) Plan is available to practice owners who are members of APTA and APTA Private Practice. If the practice has multiple owners, at least one owner must be a member of APTA Private Practice. If a plan user drops membership with APTA Private Practice, their practice and employees will be disenrolled in the APTA 401(k) Plan.
Private practice owners: APTA's service providers, Virtus Capital and Transamerica, will assist you in a smooth adoption and transition process to help you get started on the right foot. You can convert an existing plan or start a new one, selecting the options that fit your unique workplace culture and retirement objectives. All transitions begin with a thorough plan review, followed by a customized transition strategy designed specifically for your practice. The service team will keep you in the loop with regular transition meetings and document the process from start to finish with a detailed project plan.
Private practice employees: After your practice has transitioned to the APTA 401(k) Plan, your employees can enroll, make salary deferral changes, rebalance their asset allocation, update personal information, review their retirement forecast, and manage their retirement plan account anytime, anywhere. With online reporting of their account activities, your employees can monitor their progress toward a funded retirement 24/7.
Download the APTA 401(k) Pricing PDF for an overview of the program's pricing.
Fill out the form on this page or contact:
Jon Greenwich, MS, CPFA, Virtus Capital Managing Executive
Call: 703-635-4172
Email: Jonathan Greenwich
You can also download this APTA 401(k) Plan Brochure to review the program benefits and how the plan works.