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What is the NAM 403(b) Plan?

Studies suggest that less than 50% of small non-profit employers offer a workplace retirement plan, but when offered the opportunity to participate in a retirement plan, over 80% of non-profit employees will join.

Offering your dedicated staff a retirement plan doesn’t have to be out of reach, even for the smallest organizations. NAM’s 403(b) solution connects nonprofits with trusted partners to handle administrative, recordkeeping, and fiduciary services – giving you access to a professionally managed plan without the hassle.

A streamlined approach lets you offer competitive retirement benefits while focusing on your mission.

  • Potential cost savings – Lower expenses compared to operating a single-employer plan
  • Less administrative burden – Outsource recordkeeping, compliance, and fiduciary duties
  • Customized retirement solutions – Tailor your plan to fit your nonprofit’s needs
  • Fiduciary guidance – Expert oversight to ensure compliance and sound investment options
  • Educational resources – Access to webinars, training, and ongoing support
  • Professionally maintained investment menu – Simplify decision-making with expert-managed options

This benefit is built by a team of experts who understand the unique needs of nonprofits, providing a turnkey retirement solution that works for organizations of any size or budget.

  • CAPTRUST – The fiduciary advisor to the plan, CAPTRUST specializes in providing holistic retirement plan consulting to plan fiduciaries. CAPTRUST recommends investment options, consults on plan design, guides the fiduciary process, negotiates and manages provider relationships, and provides fiduciary advice to plan participants through group meetings and 1:1 sessions. 
  • Benefit Plan Administrative Services (BPAS) – As the plan’s Third-Party Administrator and recordkeeper, BPAS assists participating employers with submitting contributions, processing distributions, and enrolling participants. Furthermore, BPAS tracks participant investments, issues account statements, and provides support to participating employer contacts and plan participants. Participants can access their accounts and make changes by visiting BPAS online, via their mobile app, or by calling the BPAS participant support line.
  • Nonprofit Association of the Midlands (NAM) – Your gateway to this opportunity, providing ongoing support, education, and access to this exclusive member benefit.
  • Your organization – As a participating employer in the plan, you're still in control of key decisions, including employer contributions, vesting schedules, and plan eligibility. You will work closely with BPAS to ensure that participant contributions are submitted in a timely manner and interested employees are enrolled in the plan.

About CAPTRUST

CAPTRUST a leading independent, employee-owned firm providing investment advisory, asset management, and planning services to institutional investors such as retirement plan fiduciaries, endowments, foundations, and religious entities. Furthermore, CAPTRUST’s licensed financial counselors are available to provide fiduciary advice to plan participants as they navigate important financial decisions.

Contact Troy Anderson to learn more about a 403(b) plan for your employees through CAPTRUST
 troy.anderson@captrust.com or 515.657.4106
"To truly enrich the lives of our clients, we have to start by working backwards. First, we need to understand what people need and what problems we can help them solve. Then we can make sure they have the right tools and resources to succeed."
– J. Fielding Miller, CAPTRUST Chairman and Chief Executive Officer

CAPTRUST Financial Advisors is an investment adviser registered under the Investment Advisers Act of 1940. CAPTRUST is affiliated by common ownership to CapFinancial Securities, LLC (CFS), a FINRA broker-dealer (Member SIPC). CAPTRUST does not manage any proprietary mutual funds.