CBA Launches Exclusive 401(k) Program for Member Banks

New program delivers a low-cost, easy-to-administer retirement solution designed specifically for Georgia’s community banks

Community Bankers Association of Georgia (CBA) announces the launch of the Community Bankers Association of Georgia 401(k) Retirement Plan Exchange®, a new member benefit designed to help community banks enhance the retirement benefits they offer to their employees.

Developed exclusively for CBA of Georgia members, the program provides banks with access to a customized, cost‑effective, and easy‑to‑administer 401(k) solution tailored to the unique needs of community banking organizations. The program is offered in partnership with IMA Retirement, which will serve as the retirement plan consultant for participating banks. The program reduces administrative workload and fiduciary exposure by delegating key responsibilities to TAG Resources, while leveraging Transamerica for recordkeeping and Mesirow as the 3(38) Investment Fiduciary.

Through this partnership, member banks with existing retirement plans can take advantage of complimentary plan benchmarking and fiduciary due diligence reviews, helping ensure their current programs remain competitive, compliant, and aligned with the needs of both the institution and its employees. For banks that do not currently offer a retirement plan, the program provides a streamlined opportunity to implement a high‑quality 401(k) solution with personalized support and simplified administration.

“One of CBA’s priorities has been to identify a high-quality, cost-effective retirement solution that truly supports our member banks without adding strain to their internal teams,” said John McNair, President & CEO, Community Bankers Association of Georgia. “This 401(k) Exchange® reflects that commitment. By reducing administrative complexity and shifting key fiduciary responsibilities away from the bank, the program allows our members to strengthen their employee benefits, remain competitive in attracting and retaining talent, and stay focused on serving their communities.”

“Community banks want to do the right thing for their employees, but retirement plans can feel complex and time‑consuming,” said Ross Sims, Retirement Plan Advisor with IMA Retirement. “This program gives CBA of Georgia members access to a thoughtfully designed 401(k) solution—along with benchmarking and fiduciary support—to help ensure their retirement benefits are competitive, cost‑effective, and truly meeting the needs of their employees.”