{"id":5179,"date":"2013-04-30T10:57:13","date_gmt":"2013-04-30T14:57:13","guid":{"rendered":"http:\/\/blogs.nmc.edu\/?p=5179"},"modified":"2013-05-03T11:01:24","modified_gmt":"2013-05-03T15:01:24","slug":"benefits-corner-11","status":"publish","type":"post","link":"https:\/\/blogs.nmc.edu\/?p=5179","title":{"rendered":"Benefits corner"},"content":{"rendered":"

It\u2019s likely you will not be able to depend solely on Social Security and your retirement plan with NMC to deliver all the money you\u2019ll need for retirement.\u00a0 It may be up to you to supplement your retirement income, and as an NMC employee, you have an excellent opportunity to set aside money for your retirement by contributing to a 403(b) or 457(b) retirement plan.<\/p>\n

Contributions are made with pre-tax income if you use one of the companies NMC partners with to offer payroll deduction.\u00a0 As a result, these contributions are excluded from your current federal taxable income, which means you\u2019ll pay less in income tax.\u00a0 You also do not pay taxes on earnings from the investments in your retirement plan until you retire or withdraw them, which provides you the potential for faster growth.<\/p>\n

If you are interested in learning more about starting a supplemental retirement plan through payroll pre-tax deduction, contact one of the following companies.\u00a0 Once you set up an account, you simply complete a form so that we know what deduction to set up for you.\u00a0 You have the flexibility to change your deduction amount whenever you feel it is needed and even to have retirement accounts with more than one of these companies.<\/p>\n

 <\/p>\n\n\n\n\n\n
\u00a0<\/b>Consolidated Financial Corporation\u00a0 <\/b>(403b and 457 Plans)<\/b><\/p>\n

28411 Northwestern Highway, Ste. 950<\/p>\n

Southfield, MI\u00a0 48034<\/p>\n

1.800.232.2383<\/p>\n

Contact:\u00a0 Dave Sawchuk or Jerome Garrett<\/p>\n

sawchud@consolidated-financial.com<\/a><\/p>\n

garretj@consolidated-financial.com<\/a><\/td>\n

\u00a0<\/b><\/td>\nVALIC (403b Plans)<\/b>2701 Cambridge Court, Suite 115<\/p>\n

Auburn Hills, MI 48326<\/p>\n

800.892.5558 ext. 87648<\/p>\n

248.754.1105<\/p>\n

Contact:\u00a0 Ken Smagacz<\/p>\n

ken.smagacz@valic.com<\/a><\/td>\n<\/tr>\n

\u00a0<\/b><\/td>\n\u00a0<\/b><\/td>\n\u00a0<\/b><\/td>\n<\/tr>\n
\u00a0<\/b>Teacher’s Insurance and Annuity Assn <\/b>College Retirement Equities Fund <\/b><\/p>\n

TIAA-CREF\u00a0\u00a0 (403b Plans)<\/b><\/p>\n

2000 Town Center, Suite 2000<\/p>\n

Southfield, MI 48075-1120<\/p>\n

248.351.1411<\/p>\n

1.800.842.2044 ext.251411<\/p>\n

Contact: Edward Bolt<\/p>\n

ebolt@tiaa-cref.org<\/a><\/p>\n

www.tiaa-cref.org<\/a><\/b><\/td>\n

\u00a0<\/b><\/td>\n\u00a0<\/b>Thrivent Investment Management Inc. (403b Plan)<\/b>625 Fourth Avenue S.<\/p>\n

Minneapolis, MN 55415-1665<\/p>\n

1.800.847.4836<\/p>\n

Contact: Mark W. Jackson<\/p>\n

Office: 989.356.1330<\/p>\n

Toll-Free: 1.866.582.7684<\/p>\n

Cell: 989.657.6466<\/p>\n

mark.jackson@thrivent.com<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

If you have any questions, feel free to contact Human Resources at 995-1362.<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s likely you will not be able to depend solely on Social Security and your retirement plan with NMC to deliver all the money you\u2019ll need for retirement. It may be up to you to supplement your retirement income, and as an NMC employee, you have an excellent opportunity to set aside money for your retirement by contributing to a 403(b) or 457(b) retirement plan. <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[68],"tags":[1439,60],"class_list":["post-5179","post","type-post","status-publish","format-standard","hentry","category-intercom","tag-benefits-corner","tag-human-resources"],"acf":[],"yoast_head":"\nBenefits corner - NMC Communiqu\u00e9<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.nmc.edu\/?p=5179\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benefits corner - NMC Communiqu\u00e9\" \/>\n<meta property=\"og:description\" content=\"It\u2019s likely you will not be able to depend solely on Social Security and your retirement plan with NMC to deliver all the money you\u2019ll need for retirement. 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