WASHINGTON, March 2, 2016 /PRNewswire-USNewswire/ -- ASAE has launched the ASAE Retirement Trust. The Trust, created through ASAE Business Services, Inc. (ABSI) – ASAE's wholly-owned subsidiary, delivers a retirement plan that is designed to help organizations address two pressing talent management challenges: financial retirement readiness among current staff and attracting and retaining high quality, skilled employees in an increasingly competitive workforce.
"We wanted to build a retirement program that's unique to the association market and reflects the values of our community. The ASAE Retirement trust delivers essential features, customized for the association market, and provides experts who will advise and monitor investment choices and take care of plan administration. Through the ASAE Retirement Trust, organizations gain the ability to deliver a fantastic benefit to their current employees and bolster their appeal among prospective employees," said President and CEO John H. Graham, IV, FASAE, CAE.
Empower Retirement, the nation's second largest retirement services provider, has been engaged to market and distribute the plan within the association and nonprofit community. "Empower is very pleased to be a trusted member of the team of vendors that has been created to deliver the ASAE Retirement Trust to the association and nonprofit market," said Dan Morrison, VP Practice Leader, Not-for-Profit Markets Empower Retirement.
Organizations need a high quality, competitive retirement plan and the ASAE Retirement Trust fills this business need. Through the ASAE Retirement Trust, organizations gain access to institutional pricing that's often out of reach for many associations and nonprofit organizations.
"We're excited because the ASAE Retirement Trust represents something innovative and new. It's been created by association professionals for association professionals, and it delivers real value to plan sponsors and participants," said ABSI chair William A. Good, CAE, and CEO of the National Roofing Contractors Association.
For more information on ASAE's Retirement Trust, visit asaeRetirementTrust.org.
About ASAE: The Center for Association Leadership
ASAE is a membership organization of more than 21,000 association executives and industry partners representing 9,300 organizations. Its members manage leading trade associations, individual membership societies and voluntary organizations across the United States and in nearly 50 countries around the world. With support of the ASAE Foundation, a separate nonprofit entity, ASAE is the premier source of learning, knowledge and future-oriented research for the association and nonprofit profession, and provides resources, education, ideas and advocacy to enhance the power and performance of the association and nonprofit community. For more information about ASAE, visit asaecenter.org.
About ASAE Business Services, Inc.
The mission of ASAE Business Services, Inc. (ABSI), is to be the trusted source for essential business services for associations and nonprofits. The wholly-owned subsidiary of ASAE, ABSI supports ASAE's efforts to promote excellence in association management. For more information about ABSI, please visit absisolutions.com.
About Empower Retirement
Headquartered in metro Denver, Empower Retirement administers $411 billion in assets for 7.6 million participants. It is the nation's second-largest retirement plan record keeper by total participants (PLANSPONSOR, June 2015). Empower serves all segments of the employer-sponsored retirement plan market: government 457 plans, small, midsize, and large corporate 401(k) clients, non-profit 403(b) entities and private-label recordkeeping clients. For more information, please visit empower-retirement.com.
SOURCE American Society of Association Executives