Welcome, you’re in the right place for retirement and we’re excited you’re here.
As a member of the National Association of Manufacturers (NAM), you have the opportunity to provide your employees with a new kind of retirement solution. This robust plan helps take the brunt of daily administration off your plate so that you can have the time to focus your efforts on other initiatives, like building your business.
Take a moment to hear from Jay Timmons, President and CEO of the NAM.
Want to learn more?
Not a member today? That's ok.
Continue on to learn more about the benefits of participating in the plan.
Are you a member of the NAM?*
Yes
No
*Membership with the NAM is required to participate in the Manufacturers Retirement & Savings Plan.
Interested in becoming a member of the NAM?
A retirement plan solution designed specifically for members of the NAM
When you’re part of a multiple employer plan (MEP), you can help your employees maximize their potential for retirement planning. This plan is designed to help save time and simplify plan administration for your company. By participating in the Manufacturers Retirement & Savings Plan you gain the expertise, knowledge, and capabilities from a team of dedicated professionals to reduce your fiduciary risk all while helping improve retirement outcomes for your employees.*
The collective team is committed to helping you by managing retirement plan responsibilities:
- Selects and monitors the plan’s investment lineup
- Recommends changes to the investment lineup when they deem appropriate
- Day-to-day contact
- Interprets and enforces plan document
- Helps ensure IRS and Department of Labor compliance
- Completes form 5500 for execution by the plan sponsor
- Delivers comprehensive recordkeeping services
- Helps create confidence with best-in-class plan sponsor and participant websites2
- Provides an individualized plan health index to help assess the plan for each adopting employer
- Holds program assets for the benefit of the plan so you don’t have to
How to make the MEP retirement plan work for your business.
Take advantage of the Manufacturers Retirement & Savings Plan (Plan) to help make life simpler for you—from transition to ongoing operation.
Eases the process of joining the Plan with a qualified default investment alternative (QDIA) eligible transition method
Streamlines key plan design features, leveraging best practices
Uses an efficient investment selection process with an all zero-revenue investment lineup from a 3(38) professional
Reduces your direct involvement and can help reduce the costs associated with:
- Day-to-day aspects of running the plan
- Payroll submission process
- Annual plan audit
- Annual plan notice requirements
Supports your employees with holistic financial wellness and safeguarding data
A retirement plan to help retain top talent.
Employers, many in search of talent, are poised to bolster retirement planning and benefits. They know offering a retirement plan is important for maintaining their workforce, with about half citing retention and attraction as a top reason to offer a plan.
The NAM is dedicated to building a better tomorrow for its members. That's why they've chosen Principal® to provide a robust participant experience for those participating in the MEP. With Principal, your employees will have services to help determine what they may need for retirement and be confident to take the next step –all in one place.
This ongoing personalized experience helps employees increase their knowledge and take action from the start:
Employees who sign up for salary deferral are putting away nearly 7.5% on average.3
1 in 3 are saving 10% or more.3
And for those who decide to save gradually, nearly 30% are electing annual increase.3
Have questions or want more info?
Tell us about you and your company. We’ll reach out to you to discuss next steps.
* The decision to participate in the MEP is the fiduciary responsibility of the adopting employer.
1 Investment advice offered through OneDigital Investment Advisors LLC, an SEC registered investment advisor.
2 DALBAR's 2025 Pyramid of Communications Excellence, June 2025. Ranked #1 plan sponsor website and top 3 plan participant website.
3 Principal reporting, Jan. 1 - June 30, 2025.
National Association of Manufacturers, Nydia Retirement Solutions (Nydia) and OneDigital Investment Advisors LLC are not affiliated with any member of the Principal Financial Group®.
The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment or tax advice. You should consult with appropriate counsel, financial professionals, and other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements.
Insurance products and plan administrative services provided through Principal Life Insurance Company®, a member of the Principal Financial Group®, Des Moines, IA 50392.
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