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Compass Memorial Healthcare

300 West May Street
Marengo, IA 52301
Phone: 319-642-8026 / Fax: 319-642-8009

Plan details specific to Compass Memorial Healthcare 457/401a plans are shown below.  Access additional program information from the left menu. Enrollment is year round!  Take advantage of this great employee benefit today by contacting Voya or MassMutual!
 
Eligibility   Contributions   Enrollment & Investments   Changes & Distributions
All employees are eligible to participate.   457 employee contributions: Option to save pretax and post-tax Roth through payroll deductions:
  - minimum $25/month
  - maximum up to IRS annual limits

Catch-up: Close to retirement, the 3-Year Catch-Up benefit allows qualified participants to contribute over the Age 50+ limit. To find out if you qualify, request a 3-year catch-up worksheet.
 

  Enrollment: Enrollment is always open. Review the different enrollment options available through your plan's RIC providers MassMutual and Voya.

Investments: Voya and MassMutual offer a variety of investment options and provide help with enrollment, investment selection, and account reviews at no extra cost. A list of fund options by investment category is available in the RIC At-A-Glance PDF.

  Payroll deductions: You may request a change to your existing payroll deduction amount and tax treatment at any time by completing the Compass Memorial Healthcare RIC Account Form PDF and forwarding it to your payroll office.

Account management: To manage investment selection, obtain account information, change personal or beneficiary information, access your account online or call your provider.

Distributions: While employed, distribution options are limited. Once separated from employment, contact your provider directly to request distributions.

Provider transfers: To transfer assets between RIC providers, establish an account with the receiving provider and complete the RIC Account Form. There are no restrictions or fees for this type of transfer.