ACEC Retirement Trust adds 'IncomeFlex' option
Combines best of defined benefit and defined contribution plans
A new investment option that offers the features of both a defined benefit and a defined contribution pension plan is now available through the ACEC Retirement Trust.
The new IncomeFlex ® plan provides guaranteed lifelong income with full flexibility, and portability. It complements the wide array of retirement product-and-service solutions that are already available through the Retirement Trust.
Importantly, the IncomeFlex ® plan, created by Prudential, provides participants with a guaranteed income stream without the loss of control associated with other income products.
The ACEC Retirement Trust oversees a program that provides retirement plans only for participating ACEC member firms. The program recordkeeper, Prudential Retirement, offers full service 401(k), Profit Sharing, Money Purchase, and Defined Benefit plans with discounted fee schedules to all member firms.
Investment options are comprehensive and are reviewed regularly by an independent investment advisor retained by the Trust.
A dedicated service team at Prudential provides services ranging from individual company plan design to investment selection and monitoring, fiduciary protection, fee review and negotiation, employee education, and enhanced recordkeeping and administration for firms of all sizes.