NECA West Services GroupNECA West Services GroupSupplemental Benefit Program :: Retirement Plans
Retirement is changing. The single most important factor in the retirement picture is that we are living longer.
A child born in 1900 had an average life expectancy of 47.3 years.
A child born in 1996 is expected to live an average of 76.1 years.
Additionally, retirees are no longer just sitting on their front porch. They're traveling, going back to school, volunteering or pursuing a favorite hobby or sport. With their expected longer life and expanded plans to enjoy their retirement comes the complex problem of planning for retirement.
The first step, according to many experts is to use their company's tax-qualified retirement plan. From 401K to SIMPLE Plan to SEP-IRA, a contribution to an employer sponsored tax-qualified retirement plan is an important step in proper retirement planning.
Today, your membership in NECA-West allows you to invest with no initial sales charge through the
OppenheimerFunds. Founded in 1960, OppenheimerFunds is one of the most recognized names in the financial
services industry. With over five million shareholders and more than $120 billion in assets under management, we
believe OppenheimerFunds may be the right company for you to invest with.
Plan Highlights:
- OppenheimerFunds
- No Initial Sales Charge
- Retirement Plan Fees:
50 EE & under: $150 Signature Ready IRS Form 5500
$1150 Annual Fee
$ 750 Set up (One Time Only)
($550 extra for conversion plans)
SIMPLE: $ 10 Per Participant per year
SEP: $ 10 Per Participant per year
IRA: $ 10 Per year
Securities offered through Jefferson Pilot Securities Corporation, Member NASD/SIPC