About the ABA Retirement Funds Program
Why choose the ABA Retirement Funds Program?
The ABA Retirement Funds Program (“the Program”) offers an employer-sponsored retirement plan – built by lawyers, powered by pros. For over 55 years, the Program has been committed to providing the tools necessary to help all legal professionals achieve retirement security. Our structure allows your firm to focus on the success of the practice while we provide the highest level of fiduciary oversight allowable through ERISA, reducing your fiduciary risk. Through our purposeful innovation we provide an investment platform with options to allow for optimal choice and flexibility for your participants and a fully bundled service model, custom designed to meet the unique needs of your firm, so you and your plan participants can learn more, save more and worry less. And we offer all of this at a competitive price whether you are a Solo Practitioner or a large corporation. Through the unique culture created between the ABA Retirement Funds and our Program partners, we aspire to help every law firm, lawyer and legal professional secure their financial future.
We offer a different kind of treatment plan. Built by lawyers and powered by pros, the Program was built by lawyers who understand your needs.
In 1963 the American Bar Association created the Program because it recognized that the legal community could benefit from a unique type of retirement plan to meet its needs. In the past, partnerships did not have the same access to tax-deferred retirement plan benefits as they do today. The Program was created in part to allow, under a Collective Trust structure, partnerships and small law firms to access these benefits. Over time, the Program developed into a comprehensive retirement plan that, today, serves over 4,000 member law firm plans and more than 37,000 participants (as of December 31, 2018).
The Program is powered by three leading financial innovators that deliver retirement plan experience.
• Maintains Investment Policy ¹
• Designs the investment line-up
• Has worked with 5 of the 10 largest U.S. retirement funds ²
• A leading provider of financial products and services in the U.S.
• One of the largest defined contribution plan recordkeepers with over 49,000 plans
• For the investor selecting stocks, bonds or mutual funds
• Offers over 13,000 domestic and international mutual funds
Innovation with a Purpose
We are constantly working to find better, easier and more impactful ways to help legal industry professionals save for their retirement.
A Unique Culture That Sets Us Apart
We aree passionate about doing the right thing for the legal community. You can count on the Program’s dedicated teams at Voya, Mercer and TD Ameritrade to deliver the consistent and reliable service you deserve.
Data as of 12/31/2018 unless otherwise noted
¹ Measured as a percentage of clients who remained with the Program from January 1, 2018, through December 31, 2018; includes only plan conversions to another provider.
² State, national and local legal organizations in which the Program has a contractual affinity partnership.