401(k) and Profit Sharing

PARTICIPATING VENDORS:

· AETNA Life Insurance and Annuity Company - fund management and record keeping

· Dynamic Pension Services - plan administration and compliance services

· MB Financial, Inc. - program manager/employee education and enrollment services

  

ENROLLMENT:

· There are no enrollment deadlines.

· Contact MB Financial directly for details on how to access the services available or how to "roll over" your current 401(k) and/or profit sharing plans.

· All PHA practices and their employees working 1,000 or more hours per year are eligible to participate in this program.

  

COST:

 

· Costs for the 401(k) and Profit Sharing Plans will vary based on the number of participating practices. Cost information can be obtained through MB Financial.

· Participating PHA practices will coordinate administrative expense billings, payroll contribution data/fund transfer, etc., directly with Aetna Life Insurance and Annuity Company and Dynamic Pension Services. The PHA office will have no involvement with this process. All participating practices will contract directly with Aetna and Dynamic Pension Services.

  

PLANS AVAILABLE: 

· 401(k) Salary Deferral Only

· 401(k) Salary Deferral with Employer Match

· 401(A) Profit Sharing Plans With or Without 401(k) Provisions

  

ADDITIONAL DETAILS:

 

· The 401(k) Profit Sharing Plans are free-standing options under the PHA Group Benefit Program. It is possible for a member practice to participate only in this portion of the overall Program.

· It is possible if you currently maintain a Profit Sharing Plan to add this 401(k) plan without disturbing your existing plan.

· All information regarding the 401(k) and Profit Sharing Plans will be kept confidential and will not be shared with PHA or member practices

  

FOR QUESTIONS REGARDING THE 401 (K) AND THE PROFIT SHARING PLANS PLEASE CONTACT:

JOHN SPOELKER - MB FINANCIAL,INC.(937) 293-1600