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MassMutual 8/18/2017
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MassMutual 8/18/2017
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Entry Properties
Last modified
10/5/2017 9:28:54 AM
Creation date
10/5/2017 9:28:41 AM
Metadata
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Template:
Contracts
Contractor's Name
MassMutual
Approval Date
8/18/2017
Council Approval Date
8/16/2017
Department
Human Resources
Department Project Manager
Sharon DeHaan
Subject / Project Title
Updated MassMutual 457(b) Plan Document
Tracking Number
0000842
Total Compensation
$0.00
Contract Type
Agreement
Retention Period
6 Years Then Destroy
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TABLE OF CONTENTS <br /> PREAMBLE 1 <br /> SECTION I DEFINITIONS 2 <br /> 1.1 Plan Definitions 2 <br /> SECTION II PARTICIPATION AND CONTRIBUTIONS 5 <br /> 2.1 Eligibility 5 <br /> 2.2 Election 5 <br /> 2.3 Commencement of Participation 5 <br /> 2.4 Amendment of Annual Deferral Election, Investment Direction, or <br /> Beneficiary Designation 6 <br /> 2.5 Information Provided by the Participant 6 <br /> 2.6 Contributions Made Promptly 6 <br /> 2.7 Employer Contributions 6 <br /> 2.8 Leave of Absence 6 <br /> 2.9 Disability 6 <br /> 2.10 Protection of Persons Who Serve in a Uniformed Service 7 <br /> 2.11 Corrective Measures 7 <br /> SECTION III LIMITATIONS ON AMOUNTS DEFERRED 8 <br /> 3.1 Basic Annual Limitation 8 <br /> 3.2 Age 50 Catch-up Annual Deferral Contributions 8 <br /> 3.3 Special Section 457 Catch-up Limitation 8 <br /> 3.4 Special Rules 9 <br /> 3.5 Correction of Excess Deferrals 10 <br /> SECTION IV INVESTMENT RESPONSIBILITIES 11 <br /> 4.1 Investment of Deferred Amount 11 <br /> 4.2 Investment Election for Future Contributions 11 <br /> 4.3 Investment Changes for an Existing Account Balance 11 <br /> 4.4 Investment Responsibility 11 <br /> 4.5 Default Investment Fund 11 <br /> 4.6 Statements 12 <br /> SECTION V LOANS 13 <br /> 5.1 No Loans 13 <br /> SECTION VI DISTRIBUTIONS 14 <br /> 6.1 Distributions from the Plan 14 <br /> 6.2 Benefit Distributions Upon Severance from Employment 14 <br /> 6.3 Distributions on Account of Participant's Death 15 <br /> 6.4 Distribution of Small Account Balances Without Participant's Consent 15 <br /> 6.5 Forms of Distribution 16 <br /> 6.6 Minimum Distribution Requirements 16 <br /> GN- 107672 Specimen 457(b)Plan Document <br /> GPLANLVL—CORRSPND Deferred Compensation Plan <br /> Ver 102011 <br />
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