Help your employees save for their future while you save money.
3121 FICA Alternative
A 3121 FICA Alternative Plan is a type of retirement plan for your seasonal, part-time and temporary employees that replaces Social Security. Employers avoid the matching 6.2% Social Security contribution, replacing it with an impactful benefit for employees. At MidAmerica, we take the administrative burden off of employers by handling the plan administration, customer service and compliance. This means employers not only save money, but time, too.
Special Pay Plans
A Special Pay Plan is a type of 403(b) or 401(a) retirement plan designed to handle special forms of compensation in a tax-advantaged manner. These forms of compensation typically include unused sick leave and unused vacation pay. At MidAmerica, we take the administrative burden off of employers by handling the plan administration, customer service and compliance. This means employers save time while offering an impactful retirement benefit to employees.
Employer Sponsored 403(b)
The Employer Sponsored 403(b) / 457(b) Plan is designed to save you and your employees money. Funded using unique forms of compensation like unused sick or vacation leave, the plan provides a benefit that grows while the employee is working. We take the administrative burden off of you, but you still reap the reward of providing an impactful retirement solution to your employees.