no-image
true
TBD

457(b) Deferred Compensation Plan Highlights

TBD

Eligibility

All full-time and non-career employees are eligible to join the plan upon hire.

Enrollment

Join your plan online.

Contributions

You can elect to make pre-tax contributions only. You can decide the amount to contribute within the IRS contribution limits and can change your contribution amount at any time. To elect or change your contribution, please log in to your LifeView account.

For current limits, visit www.missionsq.org/contributionlimits.

You may also transfer, or roll over, other eligible retirement accounts to the plan

Vesting

Vesting refers to your ownership of the money in your account. You are always 100% vested in your own contributions and their earnings.

Investments

Your contributions will be invested in the funds that you select from within the plan's investment options or the investments within the brokerage account option (mutual funds only). The value of your account will fluctuate based on the performance of the chosen investments. Carefully review your investment options before making your selections. You can make changes to your investments at any time

Withdrawals

After you separate from service with your employer, you will be eligible to withdraw your money at any time. However, you will not be required to take any withdrawals until after age 591/2 while you are still employed. You are eligible to take an in-service withdrawal if employed at age 591/2 or over

Loans

Your plan allows you to borrow money from your account while you are still employed. The maximum loan amount is limited to half of your account balance or $50,000, whichever is less. A maximum of 1 outstanding loan is allowed. Loan repayments are made via payroll

Beneficiaries

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus et sollicitudin nisl. Praesent consectetur eget nunc a auctor. Fusce congue orci nisi, quis tincidunt metus mattis et. Vestibulum dolor dui, fringilla eu augue id, dignissim pulvinar erat. Morbi ac pretium nulla, sit amet convallis leo. Quisque mollis lectus id ipsum vehicula, eu aliquam massa vestibulum. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Sed risus mauris, finibus sit amet mattis eget, imperdiet nec ipsum. Etiam hendrerit euismod finibus

Account Information

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus et sollicitudin nisl. Praesent consectetur eget nunc a auctor. Fusce congue orci nisi, quis tincidunt metus mattis et. Vestibulum dolor dui, fringilla eu augue id, dignissim pulvinar erat. Morbi ac pretium nulla, sit amet convallis leo. Quisque mollis lectus id ipsum vehicula, eu aliquam massa vestibulum. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Sed risus mauris, finibus sit amet mattis eget, imperdiet nec ipsum. Etiam hendrerit euismod finibus

[b3-regular]*Age 70½ (if you were born before July 1, 1949), age 72 (if you were born after June 30, 1949, and before Jan. 1, 1951), or age 73 (if you were born after Dec. 31, 1950).[/b3-regular]