Investment options provide the flexibility and ability to diversityAfter enrolling in their 401(k) or other retirement plan, your employees will focus on their choice of investment options. Whether we serve as your plan’s Investment Manager or Investment Advisor, First American Bank offers a custom line-up of investment choices, target-risk portfolios and Collective Investment Trusts designed to satisfy any investor preference.
- As an institutional investor, we evaluate and monitor the Plan’s investment options based on the criteria established in your investment policy. These options are reviewed based on their performance, cost-effectiveness and risk to design fund line-ups that offer participants the ability to diversify their investments across a variety of asset classes.
- We also offer several target-risk (lifestyle) model portfolios that allow participants to choose a certain style of investing (from conservative to aggressive).
- Using stringent criteria, we will provide the ongoing fund monitoring and analysis to give your plan a consistently strong investment menu, and to assist you in meeting fiduciary responsibilities.
Not FDIC Insured | Not Bank Guaranteed | May Lose Value | Not Guaranteed by Any Government Agency | Not a Bank Deposit
However, if you are still working, you are not required to begin RMDs from your employer sponsored plan until April 1 of the year following the year in which you terminate employment. This exception does not apply if you own more than 5% of the employer, nor does it apply to IRAs.
a. $19,500 for 2020;
b. the maximum deferral amount allowed under the terms of the plan; or
c. the amount that allows the plan to meet the required nondiscrimination tests.
In addition, if you attain age 50 or older by December 31, you may defer an additional $6,500 catch up contribution.