NFP Retirement

Table of Content

  1. Header
  2. Your Retirement Plan Advisors
    1. The Plan
    2. Plan Recordkeeper
    3. Enrollment
    4. Resources
    5. Plan Overview
    6. Contact Us
  3. Footer

Your Retirement Plan Advisors

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NFP is the Investment Advisor for your company sponsored retirement plan and we can

help you with all of your retirement planning goals.

Plan Overview – How to get enrolled, change your contributions, access your account online,

overview of the plan features.

Retirement Planning – Determine how much you need to retire, calculate if you are on track, discuss

how to make changes to meet your goals.

Investment Advice – Risk tolerance assessment, review your current investments, provide investment

advice and customize a plan for you.

Consolidating – Review of all your retirement accounts (IRA’s, prior employer retirement plans),

provide rollover assistance & consolidation.

Budgeting – Create a plan that works for you, determine what debt to pay down first, review and

assist with outstanding student loans.

Financial Solutions – Estate planning, IRA’s, life insurance, annuities, 529 college planning.

The Plan

Advisor

This plan is a nonqualified deferred compensation arrangement, which means the plan is different from your qualified 401(k) plan. Most of the protective provisions of Employee Retirement Income Security Act (ERISA) do not apply to the plan, and the plan does not receive special tax treatment under the Internal Revenue Code (IRC).


Restrictions imposed on qualified plans, such as 401k plans, and caps on Social Security benefits limit retirement income for highly compensated employees. Your company has recognized these limitations and is providing this nonqualified deferred compensation plan to help you save on a pre-tax basis for future income needs. This plan contains features that allow you to design a personalized supplemental benefit plan that meets your individual needs.


To participate in the plan, you must make certain decisions:

  1. How much to defer.
  2. When you want to receive deferred amounts and in what payment form.
  3. How you want your accounts invested.


When making these decisions, you should consider your financial goals, the amount of time you have to reach your goals, and the amount of risk you are willing to take. We encourage you to consult your financial advisor to assist you with these important decisions.

Plan Recordkeeper

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Your plan is administered by MyDeferral

You can access your account at MyDeferral.com or by calling 800-692-8463. You can access your account online for the following services:


  • Initial/Annual Enrollment
  • Account Balance and Performance
  • Investment Changes
  • Payout Changes
  • Beneficiaries


You will receive a plan enrollment invitation with instructions for setting up your online account. If you are having issues with your username or password, you can contact MyDeferral participant services by calling 800-692-8463

Enrollment

Enrollment in the plan can be made online at mydeferral.com during the initial or annual enrollment period. The information below is intended to provide an overview of the Enrollment options. For additional information, review the plan resources under the "Resource" section.


ELECTIVE DEFERRALS

The first decision you must make is how much to defer into the plan for this plan year. You may elect to defer from the following types of compensation in whole percentages or stated dollar amounts:

  • Up to 50% of your base salary earned for the plan year
  • Up to 100%* of any Bonus (as defined by the plan) earned during the plan year and payable in the subsequent plan year
  • An amount equal to your 401k Excess Refund


Your deferral elections must be made during the initial or annual enrollment period and will apply to compensation you earn in the calendar year following your election. Each deferral election is valid for one plan year only. You cannot change the amount of your deferrals once they become irrevocable for the plan year. For example, salary deferral elections become final as of December 31 of the prior calendar year. There are limited exceptions to this rule, for example if you receive a hardship withdrawal from your 401(k) plan, your deferrals to this plan may stop.


DISTRIBUTIONS

Your account, or subaccount, is paid to you (or your beneficiary in the event of your death) upon the occurrence of certain distribution events, including:

  • Separation from Service
  • In-Service account date
  • Disability or death
  • An unforeseeable emergency


The plan allows you to change your payout elections for each subaccount provided you comply with IRC 409A rules as follows:

  • The request must be submitted to the company at least 12 months prior to the original distribution date;
  • The change elected does not take effect until 12 months after the change is made;
  • The new payout date is at least five years subsequent to the initial payout date.


INVESTMENTS

You determine how your account is invested by choosing among a menu of investment options selected by the company. You may elect different options for each distribution subaccount you establish. You may elect any combination of the investments available in the plan, provided the amounts indicated are in whole percentages.


You may adjust your investment funds at any time during the year via the internet. Investment change requests received by 4:00 PM ET will be initiated the same business day, and changes received after 4:00 PM ET will be initiated as soon as possible, but no later than the next business day.

Resources

Looking to learn more about your plan, and then some? Check out the resources below. If you can't find what you are looking for - let us know!

Plan Enrollment Video

Plan Enrollment Video

Participation & Enrollment Webinar

Participation & Enrollment Webinar

Plan at A Glance

Plan at A Glance

Plan Highlights

Plan Highlights

Contact Us

Questions? Contact your NFP Advisors below!

Additional Contacts