The Program's Cost Advantage
The Program leverages the size of the legal community to bring holistic, competitively priced services to your firm while providing participants with institutionally priced Funds. Specifically:
- The ABA Retirement Funds negotiates agreements with Mercer, Schwab and Voya including fees
- Mercer, as Program Investment Fiduciary, Trustee, and Custodian, negotiates for institutional pricing on the Program’s investment fees
- As your plan assets grow, participant fees are reduced when plan asset levels are met*
- The Program offers complete fee transparency
For your specific plan pricing, please contact us.
* Eligibility of a plan to invest in a particular Unit Class will be determined each year, as of 12/31, based on the aggregate value of the assets of each plan invested in the Funds, excluding assets in Personal Choice Retirement Accounts, and take effect in May of the following year.
Optional Participant Services and Pricing
We understand that different participants have different needs when it comes to their retirement plan. The Program offers the following optional services to meet the unique needs of your participants.
Schwab Personal Choice Retirement Account®
The participant who wants more control over the selection of individual stocks, bonds or mutual funds can take advantage of the self-directed brokerage option offered by Schwab.1
Participants who maintain a minimum balance of $2,500 in the Program's Core Funds can elect to contributed up to 95% of the participant's contributions to the PCRA. The PCRA provides access to a range of electronic and broker-assisted traded equities, no-transaction fee mutual funds, and transaction-fee mutual funds.
Investment Advisory Services
Participants looking for investment advice can take advantage of the advisory services provided by Voya Retirement Advisors, LLC (“VRA”), powered by Edelman Financial Engines2, either Online Advice (no charge to participants) or via Professional Management. Participants electing to receive Professional Management services will incur a monthly charge payable directly from their account based upon the following asset-based fee schedule:
- First $100,000 = 0.35%
- Next $150,000 = 0.30%
- Over $250,000 = 0.20%
Be Ready Services
Plan participants can take advantage of financial counseling. If the participant wants to get a personalized action plan, they can do that in two ways.3
- Retirement Snapshot – Complimentary/free of charge: Participants can access a financial professional who will work with them to create a personalized Retirement Snapshot that will provide steps they can take to help them work toward achieving their retirement goals.
- Full Financial Plan – Up to $1,500: The Full Financial Plan provides an in-depth analysis for those with more complex financial situations. The plan addresses strategies for the participant’s financial goals, and offers continued access to a financial professional to discuss the participant’s financial situation and to implement any action steps chosen.
Charles Schwab & Co., Inc., Voya, Mercer Trust Company, and the ABA Retirement Funds are separate, unaffiliated companies and not responsible for one another’s products and services. Schwab Personal Choice Retirement Account (“PCRA”) is offered through Charles Schwab & Co., Inc. (Member SIPC), the registered broker/dealer, which also provides other brokerage and custody services to its customers.
1 Investors should consider carefully information contained in the securities’ prospectus, including investment objectives, risks, trading policies, charges, and expenses. You can request a prospectus by calling Schwab’s dedicated PCRA Call Center at 1-888-393-PCRA (7272). You may also request a prospectus online at schwab.com/prospectus. Please read the prospectus carefully before investing.
Investment and Insurance Products Are: Not FDIC Insured • Not Insured by Any Federal Government Agency • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or any of its Affiliates • Subject to Investment Risks, Including Possible Loss of Principal Amount Invested
2 Advisory Services provided by Voya Retirement Advisors, LLC ("VRA"). VRA is a member of the Voya Financial ("Voya") family of companies. For more information, please read the Voya Retirement Advisors Disclosure Statement, Advisory Services Agreement and the ABA Retirement Funds Program's ("Program's") Fact Sheet. These documents may be viewed online by accessing the advisory services link(s) through the Program's web site at www.abaretirement.com after logging in. You may also request these from a VRA Investment Advisor Representative by calling the Program's information line at 800.348.2272. Financial Engines Advisors L.L.C. ("FEA") acts as a sub advisor for VRA. FEA is a federally registered investment advisor. Neither VRA nor FEA provides tax or legal advice. If you need tax advice, consult your accountant, or if you need legal advice, consult your lawyer. Future results are not guaranteed by VRA, FEA or any other party and past performance is no guarantee of future results. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All other marks are the exclusive property of their respective owners. FEA and Edelman Financial Engines, LLC are not members of the Voya family of companies. ©2025 Edelman Financial Engines, LLC. Used with permission.
3 Financial Professionals are Investment Adviser Representatives and Registered Representatives of, and offer securities and investment advisory services through, Voya Financial Advisors, Inc. (member SIPC).