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Retirement Programs for Nonprofits

Healthcare and Other Nonprofit Organizations

Our Commitment

MetLife has been providing 403(b), 457(b) and 401(a) plan services to hospitals and nonprofit groups of all sizes since 1962. From employee education to investment choices, MetLife provides comprehensive retirement services to help minimize your administrative workload and help maximize the benefits for you and your employees.

Product Platforms

We offer a full menu of funding options, including fixed and variable annuities in addition to a variety of funds from well-known mutual fund families. Our open architecture allows you to build a program that satisfies your objectives and appeals to every type of investor, at every stage of life.

There are no proprietary fund requirements and MetLife provides full disclosure regarding any administrative services fees that may be received from third party mutual fund advisors or their affiliates.

Through MetLife, clients can also elect to utilize the services of two independent experts to help them meet their fiduciary obligations and potentially reduce their liability.

Additional support that will benefit your retirement program:

 
Financial Services Representatives

What really sets us apart from other providers is the direct support you and your employees receive from a dedicated, onsite Financial Services Representative (FSR). These professionals deliver targeted education and communication programs designed to maximize participation in your plan.

Your dedicated FSR will also:

  • Conduct onsite enrollment seminars
  • Meet with participants one-on-one to:
    • answer retirement plan questions
    • help complete enrollment and salary reduction forms
    • analyze financial needs
    • offer guidance for setting and achieving retirement goals
 

 
Curriculum of Retirement Education (CORE)

Educating employees about your retirement plan is one of the foundations for making your plan a success. Our newly-designed participant education program promotes enrollment and participation by teaching employees about the critical importance of saving for retirement and then giving them the tools they need to do so.

Through a unique combination of face-to-face meetings and workshops, the program covers topics reflecting various life stages: Plan, Invest, and Retire. Targeted programs have been developed to address those issues that are most relevant in each stage.

plan           invest           retire

Each track reflects a different stage of life and accordingly, addresses those topics that are most relevant in each stage. The tracks are as follows:

  • Plan is for new and non-participating employees and encompasses a series of seminars designed for the newer workforce. These seminars are customized to teach employees the importance of saving and investing for retirement early in their career and encourage them to enroll and plan ahead.
  • Invest guides and teaches already enrolled participants to invest intelligently. These seminars educate participants on the various investment options available in their retirement plans and help them in determining which options are the best fit for them for their circumstances.
  • Retire is a specialized stage designed to help people near or entering retirement. These seminars highlight strategies for helping to maximize retirement income and helping to prepare them for the next stage in their lives.
 

Mutual funds and variable annuities are sold by prospectus only, which are available from your registered representative. Please carefully consider the product’s features, risks, charges and expenses, and the investment objectives and policies of the underlying investments, as well as other information about underlying funding choices. This and other information is available in the prospectus, which you should read carefully before making purchases and allocations. Investment return and principal value will fluctuate with changes in market conditions such that shares and unit values may be worth more or less than the original value when redeemed. Diversification cannot eliminate the risk of investment loss.

Like most annuity contracts, MetLife contracts contain withdrawal charges, limitations, exclusions, holding periods, termination provisions and terms for keeping them in force. Contact your MetLife representative for costs and complete details. Because tax deferral is provided by the plan, participants who invest in an annuity contract under a plan must have another reason to do so, such as a guaranteed death or lifetime income benefits.

Metropolitan Life Insurance Company (MLIC), New York, NY 10166. Securities products offered through MetLife Securities, Inc. (MSI)(member FINRA/SIPC), New York, NY 10166. MLIC and MSI are MetLife companies.