Tax Deferred Payroll Investment 401(K) and Roth 401(K)
In addition to the pension plan, all employees may participate in the Diocesan Tax Deferred Payroll Investment 401(K) Plan, who have completed 90 days of continuous employment. This plan allows full time and part time employees to participate in tax deferred investments or post tax investments under Internal Revenue Code Section 401(K). This section allows employees to invest a portion of their pre-tax pay in tax deferred investment programs or their post-tax pay in 401(K) Roth accounts that will be tax free when they are accessed in retirement. Within allowable limits, the employee may specify the amount or a percentage of his/her pay to be contributed to the program, and authorize the Employer to withhold such amount from his/her paycheck, and remit it to the program.
The Diocese 401(K) program is administered via the Paylocity system and managed by UBS with oversight by the Concord Advisory Group, LTD.
We are now using Empower (formerly Mass Mutual) to enroll and to make all changes to your 401K accounts.
Please view a presentation on the Retiresmart website below.
Empower is our 401k recordkeeper. Please feel free to reach out to them if you would like to enroll.
To get started, log in to www.empowermyretirement.com and click “Create Account”, located in the upper right corner. Follow the instructions and answer a few validation questions, then you can create your username, password and PIN.
If you need assistance, contact our Empower (Mass Mutual) Customer Support at 1-800-338-4015 Monday – Friday between 8:00 a.m. and 10:00 p.m. Eastern time, and Saturday between 9:00 a.m. and 5:30 p.m.
Representantes españoles están disponibles.
You’re just a few steps away from Empower’s website, where you can:
• Access information about your retirement account.
• Raise your financial awareness with our online tools and educational articles.
• View messages related to your plan, and much more!
For more information, see the Summary Plan Document and/or reach out to Chris Chiaro (cchiaro@kbgrp.com) for the newest Enrollment Booklet.
Empower is our 401k recordkeeper. Please feel free to reach out to them if you would like to enroll.
Empower Customer Support: 1-800-338-4015
Choosing Your Investments for your Plan:
UBS The Gulf Coast Group is available to answer any 401k plan and retirement questions that you may have. Please feel free to reach out to their team at 813-227-2818 or thegulfcoastgroup@ubs.com
Ryan Brannon, UBS at 813-903-6694 or ryan.brannon@ubs.com
John Benitoa, VP, Wealth Management, UBS at 813-903-6681 or john.benitoa@ubs.com
KB Pension Services specializes in the administrative duties of your plan. They are available to help with any distributions and hardships. 941-953-7452
Chris Chiaro, KB Pension Services at 941-953-7452 or cchiaro@kbgrp.com