HRSA-ILA Savings and Annuity Plan (a 401k plan)

Board Of Trustees

HRSA-ILA Summary Plan Discription For Pension Plan

HRSA-ILA Pension Frequently Asked Questions

IVR Map Page 1 HRSA-ILA Interactive Voice Response System Map.

IVR Map Page 2 HRSA-ILA Interactive Voice Response System Map.

Link To HRSA-ILA Trustee Page On Local 1624 Web Site.

IRS Tax Topic 610. With The Passage Of The Pension Protection Act, The Savers Tax Credit Has Been Made Permanent. ILA Members Can Take A Credit Of Up To $2000 For Contributions To The HRSA-ILA Savings And Annuity Plan.

This Credit Is In Addition To Other Tax Benefits Which May Result From Voluntary Contributions To The HRSA-ILA Savings And Annuity Plan. Contributions To A 401(K) Plan Are Not Subject To Income Tax Until Withdrawn.

The Retirement Savings Contributions Credit Applies To Individuals With Incomes Up To $25,000 ($37,500 For A Head Of Household) And Married Couples, Filing Jointly With Incomes Up To $50,000. This Is Subject To Revision For Inflation In The 2006 Tax Year.

For more information, review IRS Publication 590 Individual Retirement Arrangements (IRAs) and Form 8880 , Credit For Qualified Retirement Savings Contributions Which Include The Instructions. The Publication And Forms Can Be Downloaded At IRS.Gov Or Ordered By Calling 1-800-TAX-FORM (1-800-829-3676).

ILA Members Are Subject To Additional Tax When Taking Early Retirement.

To Discourage The Use Of Pension Funds For Purposes Other Than Normal Retirement, The Law Imposes An Additional 10% Tax On Certain Early Distributions Of These Funds. Early Distributions Are Those You Receive From A Qualified Retirement Plan Or Deferred Annuity Contract Before Reaching Age 59 1/2. For More Information, Review IRS Tax Topic 558 Tax on Early Distributions from Retirement Plans and Publication 575 Pension and Annuity Income.

ILA Members Could Be Subject To Additional Tax When Taking Rollovers Or Lump Sum Distributions
From Pension Plan Or Savings & Annuity Plan.

A Rollover Occurs When You Withdraw Cash Or Other Assets From One Eligible Retirement Plan And Contribute All Or Part Of It Within 60 Days To Another Eligible Retirement Plan. This Transaction Is Not Taxable But It Is Reportable On Your Federal Tax Return. You Can Roll Over Most Distributions Except For:

1. The Nontaxable Part Of A Distribution, Such As Your After�Tax Contributions To A Retirement Plan (In Certain Situations After� Tax Contributions Can Be Rolled Over),
2. A Distribution That Is One Of A Series Of Payments Based On Your Life Expectancy Or The Joint Life Expectancy Of You And Your Beneficiary Or Paid Over A Period Of Ten Years Or More,
3. A Required Minimum Distribution, Or
4. A Hardship Distribution.

For Further Information About Rollovers And Transfers, Refer To Publication 575 .

Contribution Limits:

ILA Members Are Subject To Income Limitations For Traditional And Roth IRAs In 2010 Tax Year.
Click Here For Yearly IRA Contribution Limits.
For more information, review IRS Publication 590 Individual Retirement Arrangements (IRAs)

Tax Forms:

Links To Download Tax Forms And Publications That Are Available In The Tax Section Of This Site.

Download Tax Forms And Publications That Are Available In The On The IRS Site.

MassMutual RetireSmart Academy Educational Information Provided By HRSA-ILA

Investment Frequently Asked Questions

Good Basic Educational Site

401k Catch Up Contributions Explained

Analyze Now Good Questions & Answers. Be Sure To Check Out Thier Caculators.

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Payroll Deduction Calculator. Use This Calculator To Help You Determine The Impact Of Changing Your Payroll Deductions. You Can Enter Your Current Payroll Information And Deductions, And Then Compare Them To Your Proposed Deductions. Try Changing Your Withholdings, Filing Status Or 401k Retirement Savings And Let The Payroll Deduction Calculator Show You The Impact On Your Take Home Pay. This Calculator Has Been Updated To Use The New Withholding Schedules For 2006.

401(k) Savings Calculator. A 401(k) can be one of your best tools for creating a secure retirement. It provides you with two important advantages. First, all contributions and earnings to your 401(k) are tax deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your 401(k) account which can range from 0% to 100% of your contributions. The combined result is a retirement savings plan you can not afford to pass up.

Retirement Contribution Effects on Your Paycheck A Employee Sponsored Retirement Savings Account Can Be One Of Your Best Tools For Creating A Secure Retirement. It Provides You With Two Important Advantages. First, All Contributions And Earnings Are Tax Deferred. You Only Pay Taxes On Contributions And Earnings When The Money Is Withdrawn. Second, Many Employers Provide Matching Contributions To Your Account, Which Can Range From 0% To 100% Of Your Contributions. Use This Calculator To See How Increasing Your Contributions To A 401(K), 403(B) Or 457 Plan Can Affect Your Paycheck As Well As Your Retirement Savings. This Calculator Has Been Updated To Use The New Withholding Schedules For 2006.

Hourly Paycheck Calculator. Use This Calculator To Help You Determine Your Paycheck For Hourly Wages. First, Enter Your Current Payroll Information And Deductions. Then Enter The Hours You Expect To Work, And How Much Your Are Paid. You Can Enter Regular, Overtime And One Additional Hourly Rate. This Calculator Has Been Updated To Use The New Withholding Schedules For 2006.

Over 250 Financial Caculators Are Available, In Addition To The 4 Above, At This Site.

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GovBenefits.gov Your Benefits Connection
Rail Road Retirement Board
Social Security Administration
Medicare
Pension Benefit Guarantee Corporation
Department of Labor-Employee Benefit Security Administration
AARP

Annuity And Savings Plan Standard Forms
Form-Annuity-1 Deferred Salary Agreement
Form-Annuity-2 Participant New Enrollment
Form-Annuity-3 Beneficiary Designation/Change
Form-Annuity-4 Investment Transfer
Form-B1 And B2 In A Single PDF File Beneficiary Designation For All Funds And Non-Spouse Beneficiary Designation, For Pension & Annuity Benefit Plan
Form-B3 Beneficiary Designation or Change

Annuity And Savings Plan Hardship Withdrawal Forms
Participant Hardship Statement. Fill Out To Take A Hardship Withdrawal From HRSA-ILA Annuity And Savings Plan.
Burial Expenses Worksheet. Hardship Withdrawal Worksheet. Submit With Participant Hardship Statement.
Casualty Repairs Worksheet. Hardship Withdrawal Worksheet. Submit With Participant Hardship Statement.
Medical Care Worksheet. Hardship Withdrawal Worksheet. Submit With Participant Hardship Statement.
Prenvention Of Eviction Or Forclosure Worksheet. Hardship Withdrawal Worksheet. Submit With Participant Hardship Statement.
Purchase Of Principal Resident Worksheet. Hardship Withdrawal Worksheet. Participant Hardship Statement.
Tuition And Related Education Fees Worksheet. Hardship Withdrawal Worksheet. Submit With Participant Hardship Statement.
Waiver of Qualified Preretirement Survivor Annuity. Spouse Waves Right To Survivor Benefit, Submit With Participant Hardship Statement.

Pension Plan Forms
Form-B1 Beneficiary Designation For All Funds, Primary & Secondary Beneficiary
Form-B2 Non-Spouse Beneficiary Designation, For Pension & Annuity Benefit
Form-B1 And B2 In A Single PDF File Beneficiary Designation For All Funds And Non-Spouse Beneficiary Designation, For Pension & Annuity Benefit Plan
Form-D1 Pension Or Medicare Direct Deposit Form
Form-D3 Authorization To Cancel Direct Deposit

Voice Response Charts
Page 1 HRSA-ILA Interactive Voice Response System Map

Page 2 HRSA-ILA Interactive Voice Response System Map

Links
All HRSA-ILA Forms On Local 1624 Web Site.

All HRSA-ILA Forms On HRSA-ILA Web Site.