Employer Sponsored Retirement Plan

Your Employer Sponsored Retirement Plan is a tax-deferred retirement plan designed to help you invest regularly for your retirement. It is offered through the employer and is available to employees of private business, special districts, and emergency service volunteers. Your contributions are taken directly from your salary before it is taxed, and each plan offers you a selection of investment options.

There are several benefits to consider when joining a Employer plan.

• Your retirement- A Retirement plan is an easy way to invest for your retirement.
  
• You contribute through the convenience of automatic payroll deduction.
  
• Employer Match - Your employer may match all or a portion of your contributions.
  
• Tax-deferred growth potential - Your money grows on a tax-deferred basis.
  
• Consistent savings- Saving a set amount on a regular basis, such as every payday, can help increase your earnings.
  
• Reduced current taxable income- Your gross current taxable income will be reduced by the contributions you make.
  
• Qualified withdrawals are taxed as ordinary income and if taken before 59 1/2 may be subject to a 10% federal tax penalty and possible state income taxes.
  

Once you've committed to regular saving into your plan, getting money into your account is easy through payroll deduction.

How do I make contributions?

It's simple. Your contributions are made through payroll deduction. To participate in the retirement plan, you first must complete an enrollment. The amount you designate as a deduction will be automatically withdrawn from your paycheck and contributed to your retirement plan. 

What investment choices do I have for my Retirement plan contributions?
There are a variety of investment options available for, and specific to, your plan. Low cost Target date funds, Stable value funds and a diversified set of investment funds are available. Contact us for details about the comprehensive portfolio of high-performing investment funds available to plan participants.

When can I take a withdrawal from my account?
Withdrawals are available from your Retirement plan for specific reasons, such as:

• retirement
  
• attainment of age 59½
  
• separation from service with your employer
  
• total and permanent disability
  
• financial hardship
  

To learn more about the Employer Sponsored Retirement plan, please feel free to Contact Us any time!