Working with The Contractors Plan relieves you of the burden of worrying about compliance with the Employee Retirement Income Security Act (ERISA). We continuously monitor the law and regulations from the Department of Labor to make sure your retirement and health plans are up to date. The Contractors Plan also provides required disclosures for our clients, including:
Another advantage of working with The Contractors Plan is that we engage a corporate discretionary trustee, American National Bank of Texas Trust (ANB Trust), which is audited annually to assure compliance with the banking regulations and ERISA standards of care. Other trusts that appoint individuals or a directed trustee will not obtain the same level of fiduciary protection.