| When
may mapping take place within the Trinity Health 403(b)/401(k) Retirement Savings Plan? |
In the event
that it is determined that a fund is not performing according
to the standards established in the Investment Policy
Statement, the Retirement Savings Plan Investment Review
Subcommittee will determine any appropriate action to
take which may include removing the fund from the menu
and mapping assets from that fund into a replacement for
that fund. |
| When will
the Diversified participant administrative fees be deducted
from employee accounts? |
If the participant opens a Schwab Personal Choice Retirement Account, a $50
annual fee will be deducted in the month of January
following the plan year. A $75 loan initiation fee will be deducted from your account at the time a participant loan is processed.
When the revenue sharing generated from the investment funds does not fully cover the cost of the service related fees, a Plan Service Fee will be charged and reflected on participant statements. When revenue sharing generated from the investment funds covers more than the cost of the service related fees, a Plan Service Credit will be issued and reflected on participant statements. Please refer to the Plan Highlights for the Trinity Health 403(b)/401(k) Retirement Savings Plans for additional information related to Plan fees. |
| Can I roll
over my personal investments to my Trinity Health 403(b)/401(k) Retirement Savings Plan Account? |
Your personal
investments cannot be a roll over to the Trinity Health 403(b)/401(k) Retirement Savings Plan. However, if you have an existing qualified retirement plan account with a prior employer, you may transfer or roll over that account into the Trinity Health 403(b)/401(k) Retirement Savings Plan at any time. Please see your local Diversified Investment Advisors On-Site Retirement Plan Specialist for further information |
| Is there
a representative at my location to provide ongoing
assistance? |
Yes, Diversified
Retirement Plan Specialists are at locations
throughout Trinity Health to provide assistance and answer questions you may have regarding the Trinity Health 403(b)/401(k) Retirement Savings Plan. |
| What
are the tax benefits of contributing to the Trinity Health
403(b)/401(k) Retirement Savings Plan? |
All of your personal contributions
to the Trinity Health 403(b) or 401(k) Retirement Savings
Plan are invested on a pre-tax basis. This means your
contributions are deducted before federal, state, and
local taxes are withheld - thus reducing your income for
tax purposes. In addition, your account grows tax-free
until you receive a distribution from the Trinity Health 403(b)/401(k) Retirement Savings
Plan. |
Participants
