Enhancing Recordkeeper Market Position
ACA enhances the market position for the recordkeeper by lowering your costs and giving you a competitive edge. ACA provides plan sponsors with an ideal alternative retirement plan benefit offering for employees. ACA uniquely enables participants to have controlled access to their account balances that results in lower borrowing, which means more assets kept in the plan. ACA also helps employees when a participant’s employment relationship ends, because the participant is given the full duration of the loan amortization schedule to pay back an outstanding loan.
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Participants with ACA loans are not required to pay back the loan in full upon separation of employment.
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