{"id":9071,"date":"2020-10-05T10:21:00","date_gmt":"2020-10-05T10:21:00","guid":{"rendered":"https:\/\/todaysveterinarybusiness.com\/?p=9071"},"modified":"2022-06-15T17:46:35","modified_gmt":"2022-06-15T17:46:35","slug":"avma-trust-retirement-plan","status":"publish","type":"post","link":"https:\/\/navc.sitepreview.app\/todaysveterinarybusiness.com\/avma-trust-retirement-plan\/","title":{"rendered":"AVMA Trust launches 401(k) plan for clinics"},"content":{"rendered":"

Veterinary practice owners can start a 401(k) plan for themselves and their employees under a new retirement program from the American Veterinary Medical Association.<\/p>\n

The AVMA Trust Retirement Plan is offered by way of financial services giant Transamerica, which in late September launched an initiative centered on small businesses<\/a> nationwide.<\/p>\n

\u201cThe plan will alleviate virtually all the administrative burden of managing retirement plans from veterinarians and allow them to focus more time and energy on running their businesses and caring for patients,\u201d said AVMA President Douglas Kratt, DVM.<\/p>\n

Independent practice owners and self-employed veterinarians might be tempted to initiate a 401(k) plan<\/a>.<\/p>\n

\u201cAccording to a recent AVMA Trust survey, 40% of independent practice owners do not currently offer a retirement plan to their employees, and those that do often have limited options,\u201d the AVMA reported. \u201cSingle-employer plans \u2014 those available for small business owners \u2014 are usually more costly, present more risk for the employer and have limited portfolio options.\u201d<\/p>\n

More information is available by emailing AVMATrustRetirementPlan@transamerica.com<\/a> or calling 312-596-5336.<\/p>\n

\n

Did you know a subscription to Today\u2019s Veterinary Business is free to qualified veterinary professionals? All you have to do is sign up here<\/a> (and renew each year). You also can sign up to receive the Today\u2019s Veterinary Business weekly e-newsletter.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Practice owners can start a retirement program for themselves and their staffs.<\/p>\n","protected":false},"author":45,"featured_media":9072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":0,"footnotes":""},"categories":[90],"tags":[],"class_list":["post-9071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-online","column-news","clinical_topics-news"],"acf":{"hide_sidebar":false,"hide_sidebar_ad":false,"hide_all_ads":false},"yoast_head":"\nAVMA Trust launches 401(k) plan for clinics | Today's Veterinary Business<\/title>\n<meta name=\"description\" content=\"Veterinary practice owners can start a 401(k) plan for themselves and their employees under a new retirement program from the AVMA Trust.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AVMA Trust launches 401(k) plan for clinics\" \/>\n<meta property=\"og:description\" content=\"Veterinary practice owners can start a 401(k) plan for themselves and their employees under a new retirement program from the AVMA Trust.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/navc.sitepreview.app\/todaysveterinarybusiness.com\/avma-trust-retirement-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"Today's Veterinary Business\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/todaysveterinarybusiness\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-05T10:21:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-15T17:46:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/navc.sitepreview.app\/todaysveterinarybusiness.com\/wp-content\/uploads\/sites\/2\/2020\/10\/Retirement-Planning.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"544\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Louise S. 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