• Member To Member Deal

    Tampa Bay Builders Association 401(k)
    Offering a low cost, ease of operation, and the lowest level of fiduciary liability in order to attract and retain attractive employees
    4 Pillars of the TBBA 401(k) Program
    Cost-effectiveness: There’s strength in numbers. By teaming up with other small businesses under the TBBA 401(k) Program, you can benefit from certain economies of scale and seamless processing that helps to reduce the costs associated with operating and maintaining a retirement plan.

    Administrative Relief: The time it takes to manage a retirement plan can add up, and underestimating that time commitment is a common mistake of many employers. Small businesses typically do not have the resources to effectively manage the complex requirements of offering and administering a qualified retirement plan. The TBBA 401(k) will allow for outsourcing of all plan administrative duties – a benefit typically only available to very large corporations. Tasks such as annual nondiscrimination testing, employee eligibility tracking, contribution limit tracking, distribution of Summary Plan Descriptions, and other notices will be offloaded.

    Fiduciary Risk Reduction: The TBBA 401(k) program is comprised of professional service firms that will assume certain fiduciary roles on your behalf. Fiduciary responsibility can be thought of as a relationship imposed by law where someone has voluntarily agreed to act in the capacity of a “caretaker” of another’s rights, benefits, and retirement plan assets.

    Retirement Readiness: Workers say they will need to save at least $500,000 to feel financially secure when they retire, and having a retirement plan makes a significant difference in their abilities to save. Two-thirds of workers who do not have a retirement plan have less than $1,000 in savings. The TBBA 401(k) program is one way that you can help your employees and their families in their quest for retirement readiness—by providing them with a savings vehicle like a 401(k) plan.
    Contact Information
    Tampa Bay Builders Association Inc
  • ASSOCIATE/BUILDER PAC DISCLOSURE

    Dues payments to the       Tampa Bay Builders Association       are NOT tax-deductible as charitable contributions for federal tax purposes but may be deductible as an ordinary and necessary business expense. Your dues for annual membership to the Tampa Bay Builders Association include $115 for membership in the Florida Home Builders Association (FHBA) and $198 for membership in the National Association of Home Builders (NAHB). A portion of your 2022 dues to the FHBA is used for lobbying and is not deductible for tax purposes. The non-deductible portion of your 2022 FHBA dues is 37% and the non-deductible portion of your 2022 NAHB dues is 18%.

    $10.00 of your dues for membership in the Florida Home Builders Association and $10.00 of your dues for Tampa Bay Builders Association  is allocated to the Florida Home Builders Political Action Committees. This portion of your dues is not tax deductible as a business expense.

    This allocation is optional.  If you do not want any of your dues allocated to FHBA Political Action Committee, please indicate so and this allocation will be retained in FHBA operating funds.

    ***Please indicate on your membership application or dues renewal if you do NOT want to contribute to the Political Action Committees.

    AFFILIATE PAC DISCLOSURE

    Dues payments to the       Tampa Bay Builders Association       are NOT tax-deductible as charitable contributions for federal tax purposes but may be deductible as an ordinary and necessary business expense. Your dues for annual membership to the Tampa Bay Builders Association  includes $15 for membership in the Florida Home Builders Association (FHBA) and $15 for membership in the National Association of Home Builders (NAHB). A portion of your 2022 dues to the FHBA is used for lobbying and is not deductible for tax purposes. The non-deductible portion of your 2022 FHBA dues is 37% and the non-deductible portion of your 2022 NAHB dues is 18%.

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