UU Organizations Retirement Plan Updates
January 2017
Thank you for subscribing to UU Organizations Retirement Plan information.  If you are new to these updates, we welcome your engagement with the Plan. 

Happy New (Review) Year!
January is a great time to review your procedures regarding the employee benefits you offer.
Review your UU Retirement Plan Employer Participation Agreement to ensure compliance with your commitments and to stay on the right side of the law.  This is particularly important if you are newly responsible for calculating and remitting retirement contributions, if you administer Employer's Matching* Contributions or if yours is an Auto-Enroll* employer.

If you do not have your Employer Participation Agreement readily available, please email lrose@uua.org with your:
  • UUA congregational ID,
  • name,
  • your title/role,

and request the Employer Participation Agreement on file in the Retirement Plan Director's office.

 

*These are defined terms; if you need further information, please contact lrose@uua.org

2017 Employee Contribution Agreement
Be sure that you have provided your employees with the 2017 Salary Reduction Agreement (PDF) (also known as the Employee Contribution Agreement).

 

We encourage you to review it first, then sit down with all of your employees to explain your commitment as an Employer offering this important plan, and the employee's ability to benefit from the plan.
 

Employees complete this form in order to authorize you to withhold voluntary (pre-tax) contributions from their wages and you must forward those contributions to TIAA timely. 

 

You, the Employer, keep the completed contribution agreement on file.

 

Neither UUA nor TIAA receives the agreement. 

 

Best Practice: Require employees to review and sign the form to document whether or not they authorize withholding for voluntary contributions this Plan Year (calendar year 2017). Documenting an employee's declination gives both you and them a record of their decision, and helps to ensure that they have learned how the plan could help them to save for their eventual retirement.
Director's Sabbatical is over
 
Please direct inquiries as follows:

Plan provisions, Employer Participation, retired clergy tax suppression on distributions:
Employee enrollment, establishing an authorized remitter/Admin, making a withdrawal:
Greening Enrollment
Paperless Enrollment
 
TIAA is in the process of fully establishing systems to support paperless enrollment for our more than six hundred participating employers.

We will have more news about this option in the coming weeks.

Meanwhile, be sure to provide your newly enrolling employees with the 2017 Employee Contributions form and up to date Annual Plan Notice and Plan performance link. Questions? lrose@uua.org
 
Upcoming Topics
Will your Plan Administrator attend GA?

Quick Links

Plan Basics
 

Participant Support
Participants call the Unitarian Universalist (UU)-dedicated toll-free line:
(800) 842-2829 at TIAA's National Contact Center. 

Be prepared to identify yourself by providing your social security number or account number so that you will be put in touch with a representative familiar with our plan.


UU Organizations Retirement Plan |  assistplan@uua.org | http://www.uua.org/retirement
 24 Farnsworth Street
Boston, MA 02210-1409

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