Motorcoach

ABA offers 401K plans to members

Posted on November 30, 2009

The American Bus Association (ABA) teamed with Transamerica to offer members a Multiple Employer Plan (MEP) 401(k).

With this new ABA Premium Partnership benefit, ABA member companies can custom-fit retirement plans to meet their needs, potentially reduce costs to levels on par with larger companies and can have their administrative duties handled by the professionals at Transamerica Retirement Services.

For ABA members who thought offering a 401(k) benefit plan was too costly because of their smaller size, this benefit brings affordable pricing, while members already offering a 401(k) plan, the new benefit may save thousands of dollars in costs every year, and eliminates the mandatory annual audits for companies with 100+ employees, according to the ABA.

"With the stock market recovering, the economy slowly gaining momentum, and quality employee retention always an issue for any company, ABA is pleased to offer this new benefit to members," said ABA President/CEO Peter Pantuso. "With employee retention - whether bus drivers or group sales managers - so critical to customer service in a hospitality-driven industry such as ours, this is one of the most important benefits small businesses can offer to help retain top-notch staff."

To learn more about this benefit, call Craig S. Johnson toll-free at (877) MEP-401k (637-4015), email him at [email protected], or visit www.mep401k.org.

 

View comments or post a comment on this story. (0 Comments)

More News

Fung Wah may shutdown permanently

After being unable to secure a pickup and drop-off location in South Station after losing it because of regulatory action in March 2013, President Pei Lin Liang said not having Boston as a site for service likely would mean the end of the company’s operations.

Santa Barbara, Calif. coach co. takes off as airlines cut back flights

When American Eagle stopped serving the local airport, Goleta-based Santa Barbara Airbus 'saw a significant growth in volume,' according to founder and CEO Eric Onnen.

Students in Calif. coach accident were not given safety instructions

NTSB investigators questioned every student and were told that neither of the bus drivers on the trip told them about emergency exit windows or showed them a safety video, per the bus company’s policy.

House committee approves key legislation to stop fed insurance hike

The Appropriations Committee vote tells FMCSA to stop spending money to write a rule or do research; that would raise the federal insurance minimums above the current $5 million figure.

ABC delivers CX45s to Mich., Md.

The new coaches are equipped with Cummins ISX engines coupled to Allison B500G5 transmissions and offer Van Hool standard safety features, including back up camera, lane departure system, Kidde fire suppression and daytime running lights.

 

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close