Choice 401(k) Plan (For Active Members)
To get started, simply start contributing. Then you can log into your myPERSI Account to watch your account balance grow.
My Choice 401(k) Plan Account - Access your account or request a PIN reminder letter here or by phone (toll-free 1-866-437-3774). You may view account balance details (total, vested amount, by funds and by source), review plan guidelines and fund details. You may also make changes to the allocation of current and future contributions, request PIN changes and order materials. If you´re eligible for a loan or withdrawal, submit your request from your Choice 401(k) Plan logon to your account or call the record keeper at 1-866-437-3774.
|Choice 401(k) Plan Calculators|
|401(k) Contributions Calculator||An employer sponsored retirement savings account could be one of your best tools for creating a secure retirement. All contributions and earnings are tax deferred. You only pay taxes on contributions and earnings when the money is withdrawn. 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|
|Defined Contribution Plan Limits Calculator||Online calculator for testing your contribution limits for the calendar year.|
|Choice 401(k) Plan Informational Materials and Forms|
|Choice 401(k) Plan Fee Disclosure Statement||It is important for PERSI members to understand investment fees as they relate to the Choice 401(k) Plan, and to retirement plans in general. This disclosure briefly addresses common fees and can help you understand how and when they are applied.|
|Request an Enrollment Kit||An e-mail link to request a Choice 401(k) Plan Enrollment Kit, which includes an Enrollment Form, Fund Transfer Worksheet, and Fund Summaries from all investment options.|
|Choice 401(k) Plan Comparison Chart||Unlike many workers, you have a choice when deciding how to save for retirement. The comparison chart summarizes and compares some of the main features of each of the retirement savings plan options available to you.|
|Choice 401(k) Plan Deferral Election Brochure||Members can boost their retirement security by making voluntary contributions to a retirement savings account designed to supplement their Base Plan. The brochure explains how to start, stop or change payroll deductions for tax-deferred contributions to the PERSI Choice 401(k) Plan.|
|Choice 401(k) Plan Deferral Election Form||You may begin voluntary contributions to the Choice 401(k) Plan at any time (depending on your employer's ability to accept voluntary contributions). To begin contributions, complete this Enrollment Form and return it to your Payroll Clerk.|
|Choice 401(k) Plan Highlights||This 10-page brochure explains the specifics of the Choice 401(k) Plan including contributions, rollovers, election changes, in-service withdrawals, loan features, investment options, distribution options, and record keeping fees.|
|Choice 401(k) Plan Legal Document||The articles which define the legal framework and rules for the Choice 401(k) Plan.|
|Choice 401(k) Plan Death Benefit Claim Request * New||Use this form to certify you are a beneficiary of a deceased Choice 401(k) Plan participant and to request payment of the deceased participant's Choice 401(k) Plan funds.
Instructions and important tax information are included with the form.
|Choice 401(k) Plan Incoming Rollover Request * New||The Choice 401(k) Plan accepts rollover contributions from other qualified retirement plans. Instructions and additional information are included with the form to guide you through the process.|
|Choice 401(k) Plan Hardship Withdrawal Request * New||Use this form to request a withdrawal from the Choice 401(k) Plan due to an immediate and heavy financial need as defined by section 6.2 of the Choice 401(k) Plan Legal Document.|
|What Happens to Your Choice 401(k) Plan Money When You Retire?||This document helps members understand the distribution options for their Choice 401(k) Plan money at retirement.|
Choice 401(k) Plan Fees - A breakdown of the fees related to the Choice Plan and your investment options.
Choice 401(k) Plan Investment Options - A summary of the various investment funds available to you and links to the fund websites.
Choice 401(k) Plan Investment Policy - The Choice 401(k) Plan is intended to be a long-term investment vehicle rather than a platform for speculative investment activities. Click this link to see the plan’s investment policy.
Choice 401(k) Plan Trading Restrictions – Due to rapid trading practices by a small number of Choice 401(k) Plan participants, the Retirement Board made changes to PERSI’s 401(k) investment policies. Click to view those changes.