OXY PLAN
(PLAN#570125) This type of contribution will help me reduce my taxability each year.
What is a pretax contribution?
This type of distribution can only be taken once a participant reaches retirement age and can be an in-service or termination withdrawal.
What is an age 59.5 withdrawal?
This 401(k) contribution type allows participants to invest separately from pre-tax and Roth sources to support emergency savings
what is after-tax?
In this application I can access my plan information through Smartworks using my plan ID.
What is PAAG/KM search?
This teams offers assistance with investment advice and helps clients get ready for retirement.
What is Voya Retirement Advisors?
(PLAN#570126) This is the typical length of service required before employer contributions to a retirement plan become fully vested.
What is 3 years of service?
What are the two ways a participant can convert eligible 401(k) contributions to Roth?
There are two methods for converting eligible contributions to Roth: one allows participants to automatically convert new after-tax contributions each pay period via a research request (Mastercard’s preferred method), and the other enables a one-time conversion of a specific dollar amount using an In Plan Roth Conversion form.
You are now able to access up to $1,000 of your retirement savings without incurring an early withdrawal tax penalty when you take what this type of withdrawal.
what is an Emergency Personal Expense Withdrawal?
I can access and view participant account details, including NQ plan information, using this application site.
What is PENCAL Management Site?
This team can help with day-to-day transactions and also re-issue checks that were never received.
What is the Lead Record Keeping team?
(PLAN#570125) This consequence occurs after an in-service withdrawal that includes company match funds, temporarily halting employee contributions before automatically restarting.
What is the 6-month suspension?
I'm 73 y/o and want to roll-over my funds. but first I must check for this.
What is an RMD?
with and Emergency Personal Expense Withdrawal, I can take one per calendar year, only if I____. If not, I will not be able to take another Emergency Personal Expense Withdrawal for three calendar years.
what is pay back in full?
When submitting a research request for plan #1517, I need to include this information to ensure it’s routed to the correct department.
What is PC?
This team provides guidance on new regulations and makes sure our info is up to date.
What is the Product Specialist team.
(Plan#570126) Under specific plan provisions, a notarized spousal consent is required for a lump sum distribution when this threshold of vested account balance is exceeded by a married participant.
What is $7,000?
What is Mastercard’s employer matching policy for 401(k) contributions?
What is 167% on the first 6% of eligible compensation?
This fee is charged when I am requesting a Partial or Lump Sum distribution.
what is a $25 fee?
I’ve submitted a research request, and it requires follow-up with the participant. This is the timeframe I provided for that contact.
what is 7 business days?
This team helps with adherence, schedules, and PTO
What is the WorkForce Management Team?
This procedure is used prior to processing withdrawals and distributions for Oxy participants to determine if a participant is considered a ____.
What is a Third Country National (TCN)
I just paid off my outstanding loan, before I take a new one I must check for this.
what is a 15 business day waiting period?
This type of withdrawal can be taken for immediate and heavy financial need.
What is a Hardship?
I’m planning to make changes to my distribution and need to keep these two important rules in mind.
What needs 12 months on file to be valid, and a 5 year delay?
This team is here to help when our systems are not running and reports errors within PSR/Smartworks.
What is the Systems Reliability team?