Contributions
This type of contribution will help me reduce my taxability each year.
What is a pretax contribution?
This type of distribution offered by plans that participants take and are not responsible for the early withdrawal penalty
What is an age 59.5 withdrawal?
This restriction is a stable value provision that prevents an immediate transfer from stable value into a competing fund.
What is an equity wash?
This plan only lends money to those in financial need.
What is the UPS plan?
This teams offers assistance with investment advice and helps clients get ready for retirement.
What is Voya Retirement Advisors?
I never wanted to enroll in the 401k. What transaction can I do to get my money back?
What is a refund of auto-enrolled contributions? (If plan allows)
This type of withdrawal can only be used for emergency funds related to specific life events.
What is a Hardship Withdrawal?
This type of fund invests according to an expected retirement year.
What is an aged-based fund?
“In order to process your request, we need you to confirm that you are not now working for an Employer that participates in ____ or that you will no longer be working for a ____ participating Employer after your date of termination."
What is CIRS?
This team can help with day-to-day transactions and also re-issue checks that were never received.
What is the Record Keeping?
This contribution limit says you can only contribute 23,500 in pretax/roth deferrals for 2025
What is the 402(g) limit?
I'm 73 y/o and want to roll-over my funds but first I must check for this.
What is an RMD?
The term used for investing in stocks or mutual funds when the market is up or down.
What is buy low, sell high strategy?
This plan has an ESOP that can only be paid by contacting this employer.
What is Bank of New York Mellon?
This team provides guidance on new regulations and makes sure our info is up to date.
What is the Product Specialist team?
This contribution limit for before-tax, Roth, after-tax, employer match states a participant can only contribute $70,000 for 2025
What is the 415 Dollar Limit for Defined Contribution Plans?
I made a withdrawal from my plan but no longer want to be held responsible for all of the taxes so I have 60 days to act.
What is an in-direct rollover?
The term used to describe when an employee wants to keep units in an employer stock fund when terminating the account?
What is an in-kind transfer of shares.
This plan does not transfer beneficiary funds to a separate account but instead sends a lump sum distribution form to the Beneficiary.
What is the UPS Savings Plan?
This team helps with adherence, schedules, and PTO
What is the WorkForce Management Team?
I want to change my before-tax and after tax to Roth.
What is Roth conversion?
This type of distribution will allow me to take my SDBA with me to a new Record Keeper
What is an in-kind transfer of SDBA?
Funds that lend money to a government, municipality, or corporation.
What are bond funds?
"This particular rollover is a taxable distribution, however there is no tax withholding required today. You will receive a 1099R in January reflecting this. You will be responsible for federal income tax, as well as state income tax if applicable. This distribution is not subject to the 10% early withdrawal penalty."
What is a non-roth to roth IRA rollover?
This team is here to help when our systems are not running and reports errors within PSR/Smartworks.
What is the Systems Reliability team?