QUINCY, Mass.– LAWFUEL – Law News, Law Jobs –The American Bar Association (ABA) Retirement Funds, an organization that offers tax-qualified retirement plan services to legal professionals, announced today that the State Bar of Texas has added the retirement program to its members’ affinity program. Texas joins 28 other state bar associations and legal organizations that have given ABA Retirement Funds “preferred vendor status.”
The State Bar of Texas will extend its members the opportunity to join the ABA Retirement Funds program, which offers retirement plan services, investment options and related advice and educational information specifically — and exclusively — to professionals within the legal community.
“We’re excited to have the State Bar of Texas offer our retirement program to their members,” said Beth Halberstadt, program director of the ABA Retirement Funds. “One of the biggest perks is a low-cost advantage due to economies of scale. This, coupled with investment flexibility, makes it an attractive option for employers, administrators, and proprietors of both large and small law firms.”
Program eligibility is open to any law firm or practitioner that has at least one partner or shareholder who is a member of the ABA, or a state or local bar association represented in the ABA’s House of Delegates.
Other state bar associations or legal organizations that have taken advantage of ABA Retirement Funds’ program benefits include: Alabama, Arkansas, Arizona, Colorado, Connecticut, the District of Columbia, Georgia, Hawaii, Illinois, Indiana, Kansas, Louisiana, Maine, Minnesota, Mississippi, New Hampshire, Nevada, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Rhode Island, Vermont, Washington and Wisconsin, as well as the American Immigration Lawyers Association and the Alliance of Independent Reporters of Excellence.
The American Bar Association established ABA Retirement Funds more than 40 years ago to help the legal community with retirement planning and solutions. The ABA Retirement Funds program is administered by State Street Corp.
The State Bar of Texas is an administrative agency of the judicial branch in Texas. Every licensed attorney is a member of the state bar, which provides a wide array of services to its members and the public.
For more information, call 877-948-2272 or visit www.abaretirement.com.