Bank Trade Group Teams with Plan Provider

The Illinois Bankers Association (IBA) and the Springfield, Illinois-based Empire Advisory Group are teaming up to offer Empire's 401(k) plan, 403(b) plan, and nonqualified deferred compensation (NQDC) plans to Illinois banks.

A news release said Empire provides custom-built, private-label retirement plans for banks and their commercial customers. Initially, Empire will offer each bank a complimentary plan review and cost comparison.

Empire’s platforms were specifically designed for banks and their commercial customers, the release said.

“As an association representing Illinois banks, we strive to ensure that our financial institutions have the best products and services to better serve their commercial customers,” said Linda Koch, IBA president and CEO.

More information is available at