The Contractors Plan's goal is to preserve the integrity of retirement assets in a controlled and beneficial manner, while helping to increase plan participation. ACA utilizes its patented automated qualified plan origination, documentation and administration solutions to:
- Eliminate loan-related work for recordkeepers and plan sponsors (weekly payroll deductions, amortization schedules, final payment calculations, etc.), while encouraging greater participation, contributions and asset retention by participants
- Reduce amounts borrowed, thereby limiting asset losses due to larger loans
- Retain plan assets by providing a revolving loan line within the plan for participants
