Welcome to Mass Mutual Financial Group, Ohio Masonic Home’s provider of recordkeeping for your 403(b) Retirement Plan
Enrollment in Your Retirement Plan
If you haven’t already, enrolling in your plan is the right step towards a more secure retirement. It’s easy to join your plan and make that next great investment in yourself.
Frequently Asked Questions
| Question |
Answer |
| When am I eligible to enroll? |
All Contributions |
Attain Age 18
Complete 90 days of service |
| When can I enroll in the plan? |
|
Immediate upon meeting all eligibility requirements |
| How much can I contribute? |
Employee Contributions |
1% to 90% of eligible pretax pay (IRS limit of $18,500 for 2018)
Bonus Contributions
$6,000 Catch Up Provision |
| |
Contribution Change Frequency |
Beginning of Payroll Period |
| |
Discretionary Match |
Discretionary |
| |
Discretionary Profit Sharing |
Refer to the Summary Plan Description for further information regarding profit sharing contributions |
| Can I make a catch up contribution? |
|
If you are age 50 or over by the end of the taxable year and have reached the annual IRS limit or Plan’s maximum contribution limit for the year, you may make additional salary deferral, pretax contributions to the Plan up to the IRS Catch Up Provision Limit (2017 = $6,000). |
| When am I vested? |
Employee Contributions |
100% immediate
|
|
Discretionary Match & Profit Sharing |
Less than 2 years of service: 0%
2 years of service: 20%
3 years of service: 50%
4 years of service: 75%
5 years of service: 100% |
| Can I take a loan? |
|
Although your plan account is intended for the future, you may take a loan from your account. |
| Can I take a withdrawl? |
|
Withdrawals from the Plan are generally permitted in the event of termination of employment, retirement disability or death. |
View the Plan Highlights
View the Summary Plan Description
View the Participant Fees Disclosure Statement