Page 16 - 2015 NISC Open Enrollment
P. 16
401(k) Flexible Spending
401(k) Account
NISC offers a 401(k) plan Dependent Care FSA
administered by NRECA. You are NISC gives you the opportunity to pay for eligible out-of-pocket dependent
eligible to make contributions to the care expenses with pre-tax dollars through our lexible spending account
401(k) plan in your second calendar (FSA). This plan is administered through BeneFLEX.
month of employment (provided
you worked at least 84 hours in Dependent Care
your irst calendar month). You are 2014 Maximum Contribution $5,000
eligible for employer contributions Expenses Must Be Incurred by December 31, 2015
in the irst month following your Expenses Must Be Submitted for March 31, 2016
Reimbursement by
irst year of employment.
Careful consideration should be taken to estimate the cost for dependent
Upon eligibility, NISC contributes care expenses, as any unused portion will be forfeited.
a base of 4% of your salary to
your 401(k) account and will match
up to 4% of any contribution Our Flexible Spending Account (FSA) is administered
you make. You may elect to make through BeneFLEX.
your contributions either pre-tax
(traditional) or post-tax (Roth).
You are immediately vested in your
401(k) account.
NISC Contribution 4% base + 4%
match
2015 IRS Maximum $18,000 + catch
up for age 50
Please complete the 401(k) election
form available on the NISC
Community to make changes to
your employee contribution.
National Information Solutions Cooperative 16
401(k) Account
NISC offers a 401(k) plan Dependent Care FSA
administered by NRECA. You are NISC gives you the opportunity to pay for eligible out-of-pocket dependent
eligible to make contributions to the care expenses with pre-tax dollars through our lexible spending account
401(k) plan in your second calendar (FSA). This plan is administered through BeneFLEX.
month of employment (provided
you worked at least 84 hours in Dependent Care
your irst calendar month). You are 2014 Maximum Contribution $5,000
eligible for employer contributions Expenses Must Be Incurred by December 31, 2015
in the irst month following your Expenses Must Be Submitted for March 31, 2016
Reimbursement by
irst year of employment.
Careful consideration should be taken to estimate the cost for dependent
Upon eligibility, NISC contributes care expenses, as any unused portion will be forfeited.
a base of 4% of your salary to
your 401(k) account and will match
up to 4% of any contribution Our Flexible Spending Account (FSA) is administered
you make. You may elect to make through BeneFLEX.
your contributions either pre-tax
(traditional) or post-tax (Roth).
You are immediately vested in your
401(k) account.
NISC Contribution 4% base + 4%
match
2015 IRS Maximum $18,000 + catch
up for age 50
Please complete the 401(k) election
form available on the NISC
Community to make changes to
your employee contribution.
National Information Solutions Cooperative 16
