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The Directed Account Plan (DAP) is a qualified, multi-employer retirement plan that manages approximately $800 million in investments for some 2700 participants that include former employees of Trans World Airlines, employees of Community America Credit Union (CACU) and their beneficiaries. A dedicated retirement plan, DAP’s sole focus is on managing plan assets and helping plan participants, unlike other retirement offerings that are frequently combined with other benefit plans. The DAP pays out $3 million monthly in distributions to retired participants.

DAP offers something for every type of investor, at fee ratios that are below average in peer comparisons. For the participant that doesn’t have the time or desire to manage their own investments, the DAP offers four Asset Allocation Model and six Models with style-specific investments, all containing funds hand-picked and managed by the DAP’s seven-person board that has fiduciary responsibility for the plan. Long-term performance of the DAP options and models has consistently outperformed benchmarks. For the more hands-on investor, the DAP offers Fidelity Mutual Funds through the Fidelity Window, as well as offering access to Fidelity BrokerageLink. From the most conservative investor to the most aggressive, DAP has options that fit you and your needs.

Formed in 1993 from the defined contribution and 401(k) plans of TWA pilots, the DAP added selected employees of the Credit Union Service Organization, a division of CACU, in 2001. In 2008, CACU adopted the plan for all of its employees. The DAP is available as a retirement plan for employers who feel that their employees could benefit from a retirement plan with low fees, above benchmark performance and investment options that satisfy all risk levels.

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