American National's 401(k) Plan Solution

American National has developed a 401(k) plan package specifically designed to target the issues that most concern the small business owner.

Small business owners are adopting an American National 401(k) plan solution for a variety of reasons, including:

• Custom plan design on an individual case basis
• Plans that favor the owner(s) and the key employees of the business
• Complete documentation for establishing the plan
• Total ongoing service for the life of the plan, provided by our own pension administration department
• All government reports provided signature-ready
• Quarterly participant statements
• Extremely low administration fees
• Large variety of investment options
• State of the art daily valuation system offering 24/7/365 internet and voice-response systems to account access
• Internet access to all aspects of the plan for the employer
• Free and flexible investment transfers
• No surrender charges for death, disability, retirement, participant loan or termination distributions
• Low expense charges

In defined contribution plans, the amount of funds accumulated and the investment gains or losses solely determine the benefit at retirement.

Distributions mode to a Participant before age 59½ may be subject to a 10% premature distribution penalty.

Qualified Plans have minimum distribution rules that govern the timing and amount of distributions. You should refer to your retirement plan, adoption agreement, or consult a tax advisor for more information about these distribution rules.

Custom Plan Design

A customized plan design that provides meaningful benefits to the business owner(s) is essential to the ongoing success of a small business 401(k) plan. American National can provide a plan design that favors the key employees of the business by utilizing various design options, including:

• Traditional allocations
• Allocations integrated at the social security wage base
• Tiered and multi-tiered new-comparability (cross-tested) formulas
• American National's exclusive new Super-Flex™ allocation method

American National designs and supports all types of qualified plans. Key to making a 401(k) the plan of choice for a small business is providing a design that favors the owners and key employees of the sponsoring employer.

Future Planning

If you do not have a retirement plan and would like to request a "free look" at how you and your business could benefit from one, or if you already have a plan but would like to see how on improved plan design could better meet your retirement planning goals and allow you to take command of your retirement planning future today, just complete a census form and have your representative ask American National to prepare a custom proposal designed specifically for your business.

American National offers a full-service package. We provide custom plan design, prototype documents for establishing the plan along with complete plan administration services at very low cost.

Please contact your CPS Group Benefits Representatives for additional information.