Welcome to the website for the new National Electrical 401(k) Plan.
In today's changing economic climate, saving for retirement is now more important than ever. Recognizing this, the International Brotherhood of Electrical Workers and the National Electrical Contractors Association have added an exciting opportunity for retirement savings, the new National Electrical 401(k) Plan (NEFP).
What is the NEFP?
NEFP is a 401(k) plan which is a tax-qualified deferred compensation plan where an individual can elect to have an employer defer a portion of their wages and have them forwarded to NEFP on a pre-tax basis.
Features and Benefits
Some features and benefits of the Plan include:
- An additional optional retirement plan for members and employers.
- Optional employee deferrals with quarterly changes.
- Tax-deferred savings and growth.
- Individual control over multiple, diversified investment options.
This site contains important information to help you make the right investment choices for your retirement. Learn more on NEFP.