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Paloma Financial developed a program that provides USPTA-certified Professionals with a number of retirement plan options, each customizable to the their unique needs.

The USPTA retirement program provides members with a menu of benefit options, each bringing their own unique opportunity for growth, principal protection and/or income. The benefit options include Retirement Gold+, along with IRA, Roth, 401(k) and more.

The USPTA benefits program also provides a broad array of insurance options, including life insurance, annuities, long-term care and disability income.

The USPTA flagship program, Retirement Gold+, will feature a vendor-supported retirement plan, with select vendors providing concessions to the USPTA for the benefit of participating member pros. Payments will be made on a quarterly basis. The following vendors are participating in the program:

  • Fromuth – 5% on the purchase of $750 per year of Nike footwear and apparel for pro shops* (not for personal use)
  • NetKnacks – 3% on the purchase of promotional merchandise, T-shirts and awards+
  • 10-S Tennis Supply – 4% contribution on nets, court equipment and Aer-Flo Tuffy windscreens
  • Wilson – 2.5% contribution on incremental sales off your 2016 baseline of purchases of racquets, balls, strings, grip, bags, 10 and Under Tennis equipment and stringing machines, along with platform tennis paddles and balls°

*At this time, only those pros who own a club or resort pro shop, or have fiscal or managerial responsibility for the shop are eligible for these contributions.

+Excludes any orders related to USTA league award national program products and USTA Program Resource materials.

°Wilson accounts will be tracked and recorded quarterly but payments will be made on an annual basis.

Professionals may also contribute to their own retirement plans, and depending on the type of plan offered, employers may also make contributions.

RESOURCES

  Article: USPTA launches      retirement program

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