457(b) Participant Webinar 50 326 EXBEN-0412-037A CUNA Mutual Group Proprietary Reproduction, Adaptation or Distribution Prohibited CUNA Mutual Group 2012 2 50 % 326 aged 60-64 50 % 326 aged 60-64 *CUNA CEO Total Compensation Survey 2011-2012 3 4 1
Who we are Who we are Jan Onnen Kelly Griego Executive Benefits Service Consultants 5 6 Housekeeping Housekeeping 7 8 2
If you need anything, call What we will provide today Executive Benefits Sales & Service 800.356.2644 extension 1035 Monday Friday 8 AM CST 5 PM CST 9 10 What we will provide today What we will provide today The basics The basics 457(b) resources 11 12 3
What we will provide today What we will provide today The basics 457(b) resources What to do when there is a separation from service The basics 457(b) resources What to do when there is a separation from service Catch-up Contributions 13 14 What we will provide today The basics 457(b) resources What to do when there is a separation from service Catch-up Contributions Follow up survey 15 16 4
Contribution limit 17 18 Pre-tax contributions 19 20 5
Vesting Vesting Immediately 21 22 Vesting Immediately Investments Vesting Immediately Investments Self directed 23 24 6
Vesting Immediately Investments Self directed Credit Union Asset Vesting Immediately Investments Self directed Credit Union Asset corresponding liability for your benefit 25 26 Vesting Immediately Investments Self directed Credit Union Asset Corresponding liability for your benefit Limited in-service distributions Vesting Immediately Investments Self directed Credit Union Asset Corresponding liability for your benefit Limited in-service distributions Financial hardship 27 28 7
457(b) resources What 457(b) resources 29 30 457(b) resources What 457(b) resources www.benefitsforyou.com 31 32 8
What 457(b) resources What 457(b) resources www.benefitsforyou.com Variable Annuities www.benefitsforyou.com Variable Annuities Fixed Annuities 33 34 What 457(b) resources What 457(b) resources www.benefitsforyou.com Variable Annuities Fixed Annuities www.benefitsforyou.com Variable Annuities Fixed Annuities www.membersmutualfunds.com 35 36 9
Separation from Service Separation from Service Executive Benefits Sales & Service 800.356.2644 extension 1035 Monday Friday 8 AM CST 5 PM CST 37 38 Separation from Service Separation from Service Date of separation Date of separation Marital status Executive Benefits Sales & Service 800.356.2644 extension 1035 Monday Friday 8 AM CST 5 PM CST Executive Benefits Sales & Service 800.356.2644 extension 1035 Monday Friday 8 AM CST 5 PM CST 39 40 10
Separation from Service Separation from Service Date of separation Marital status Distribution options Date of separation Marital status Distribution options Paperwork sent to you Executive Benefits Sales & Service 800.356.2644 extension 1035 Monday Friday 8 AM CST 5 PM CST Executive Benefits Sales & Service 800.356.2644 extension 1035 Monday Friday 8 AM CST 5 PM CST 41 42 What you will receive What you will receive 43 44 11
What you will receive What you will receive Benefit Option Election Benefit Option Election Multiple distribution options 45 46 What you will receive What you will receive Benefit Option Election Multiple distribution options Paperwork for ALL options Benefit Option Election Multiple distribution options Paperwork for ALL options Return to Executive Benefits 47 48 12
When you receive the money When you receive the money Gross Amount 49 50 When you receive the money When you receive the money Gross Amount Run through payroll Gross Amount Run through payroll Participant receives paycheck 51 52 13
When you receive the money When you receive the money Gross Amount Run through payroll Participant receives paycheck Participant receives W-2 1099 53 54 When you receive the money Catch-up Contributions 1099 XXX 55 56 14
Catch-up Contributions Catch-up Contributions 3 65 XXX XXX 3 65 57 58 Catch-up Contributions Your questions XXX XXX 3 years Age 65 Our answers 59 60 15
Leave on this note Disclosure Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free 800.369.2862. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make securities available to members. Executive Benefits Sales & Service 800.356.2644 extension 1035 Monday Friday 8 AM CST 5 PM CST Investors should consider the investment objectives, risks, and charges and expenses of Mutual Funds carefully before investing. The prospectus contains this and other information about the investment company. To obtain a prospectus, please contact your Financial Advisor, call, toll-free, 800.356.2644 x1035, or visit our web site at execben.cunamutual.com. Investors should read the prospectus carefully before investing. 61 62 63 16