Members' Edge

Annual Plan Review Meeting For Members Highlights Milestones

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AGC Houston 401(k) Plan Reaches $350 Million In Assets

“Our job is not to make employers and employees investment experts; our primary role is to offer AGC members a low-cost 401(k) retirement plan that alleviates the trustee and audit concerns as well as the fiduciary responsibilities,” stated Robert Brann, R. W. Baird & Co., Inc. as he welcomed AGC Houston members at the 401 (k) plan review meeting on August 27, 2019. 

Since merging with Louisiana AGC in 2013, the plan has grown to over 100 participating companies and $350 million in assets.  One of the major benefits of the 401 (k) plan is that there are trustees in place – an advisory committee composed of AGC Houston and Louisiana AGC members – who oversee its management. On hand were plan participants including representatives from Transamerica Retirement Services, Pinnacle Financial, Hannis T. Bourgeois, Dimensional Funds, AGC Houston and Louisiana AGC. 

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