The Florida League of Cities 401(a) and 457(b) programs are available to all Florida governments and municipalities. In our various programs, we have cities, towns, villages, counties, water districts, and governmental utility authorities. See below for a list of 401(a) and 457(b) members.
:: Can we add the 401(a) Defined Contribution program?
A 401(a) Defined Contribution program is designed for governmental employers that are not already participating in the Florida Retirement System (FRS). Employers that already participate in the FRS will most likely need to remain in the FRS, due to restrictions on leaving.
Are you a local Florida government?
Can your governing body pass an Ordinance or Resolution?
Do you participate in a retirement plan other than the FRS?
Are you looking for hassle-free administration?
Are your employees interested in low-cost retirement investing?
If you answered 'yes' to the above questions, there is a high likelyhood that you could have the Florida League of Cities administer your 401(a) plan. The benefits for employers are many and the
benefits for employees are unbeatable. If you don't qualify to have the Florida League of Cities administer your 401(a) Defined Contribution plan, your employees may still appreciate a low-cost 457(b) Deferred Compensation plan.
We have the answers to your retirement questions. Reach out to us at 1 (888) 945-7401 or
fmptf@flcities.com to find more information.
:: Can we add the 457(b) Deferred Compensation program?
A 457(b) Deferred Compensation plan can be added by almost any local Florida municipality. Whether you already have a 457(b) administrator, or if you have no 457(b) plan currently in place, you can add the Florida League of Cities 457(b) Deferred Compensation plan. Many municipalities have two or three 457(b) administrators in order to give their employees a choice. Why not add a low-cost provider into the mix?
Are you a local Florida government?
Can your governing body pass an Ordinance or Resolution?
Are you looking for hassle-free administration?
Are your employees interested in low-cost retirement investing?
We have the answers to your retirement questions. Reach out to us at 1 (888) 945-7401 or
fmptf@flcities.com to find more information.