Financial Health Workshop - April 29, 2011. Eligibility 401K403B EligibilityAvailable through for-profit organizations, if they choose to participate.

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Presentation transcript:

Financial Health Workshop - April 29, 2011

Eligibility 401K403B EligibilityAvailable through for-profit organizations, if they choose to participate Available through schools, hospitals, and non-profit agencies if they choose to participate

Investment Options 401K403B Investment OptionsWider range of investment options depending on the employer Limited to annuities and mutual funds

Matching Contributions 401K403B Matching Contributions Most employers match funds deposited into a 401K by employee MCCD does not match funds deposited into account

Vesting and Employment Termination 401K403B Vesting and Employment Termination Employer determines the amount of years to be fully vested If you terminate employment your employer will require you to transfer funds out of their plan Immediately vested If you terminate employment you are allowed to leave funds intact

Tax Benefits 401K403B Tax BenefitsFunds are deposited into account as pre- tax dollars

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