PLAN YEAR: january 1, 2019 – December 31, 2019
Glen rose isd
What’s inside? EMPLOYEE BENEFITS CENTER
HOW TO ENROLL
S125 PLAN INFORMATION
FLEXIBLE SPENDING ACCOUNTS
AVAILABLE RESOURCES
BENEFITS AT A GLANCE
CONTACT INFORMATION
EMPLOYEE BENEFITs CENTER HTTP://BENEFITS.FFGA.COM/GLENROSEISD
Ryan hancock, ACCOUNT MANAGER 1200 W. WALNUT HILL LN., STE #3400, IRVING, TX 75038
OFFICE: 800-883-0007
EMAIL: [email protected]
This guide contains a summary of the benefits offered by your employer. If there is a conflict between the terms of this outline of benefits and the actual contracts, the terms of the contracts will prevail. For a more detailed explanation of benefits you may
contact your Account Manager or First Financial Administrators at 1-800-523-8422 or visit http://benefits.ffga.com.
NEW employee benefits center - your guide to your benefits! We’ve created a custom site just for you! Find detailed information about current and upcoming benefits, voluntary product offerings and employer programs, Section 125 & Flex Information, important contact numbers and links, and downloadable forms and brochures.
http://benefits.ffga.com/glenroseisd
Employee benefits center
To prepare for enrollment, visit the Employee Benefits Center at http://benefits.ffga.com to review all detailed benefit information. Once you are ready to enroll, log in to FFenroll at https://ffga.benselect.com/enroll. Before you begin enrolling, you will be able to review your current benefits.
Login and PIN Your login is your social security number (no dashes) and your PIN is the last four digits of your social security number and the last two digits of your birth year (678977) Once you login you will arrive at the Welcome Screen. Click “Next”, then:
" Verify your personal information " Verify all dependent information (ssn/date of birth) **Very Important** " View employment information
USEFUL INFORMATION TO KNOW " Write your PIN number down " Contact First Financial at 855-523-8422 with any technical questions " No changes will be permitted until annual enrollment, unless you have an IRS S125 qualified event
Plan Information and Rules
How to Enroll
A Section 125 Plan provides a tax-saving way to pay for eligible medical or dependent care expenses. The funds are automatically deducted from your paycheck on a pre-tax basis.
Here’s How It Works A Section 125 Plan reduces your taxes and increases your spendable income by allowing you to deduct the cost of eligible benefits from your earnings before tax. Plus, the plan is available to you at no cost, and you’re already eligible. All you have to do is enroll.
Is It Right for Me? The savings you may experience with a Section 125 Plan are outlined below. By utilizing the Section 125 Plan, you would have $70 more every month to apply toward insurance benefits or other needs. That’s a savings of $840 a year!
Section 125 Plan Information and rules
Medical FSA Medical Flexible Spending Accounts (FSA) allow you to set aside pre-tax payroll deductions each paycheck to pay for out of pocket medical, dental and vision expenses for you and your family. During open enrollment you will estimate the amount you think you will need during the year. This amount will be taken out of each paycheck. Your full annual election will be available to you at the beginning of the plan year.
Your employer has chosen the $500 Roll-Over Option for your plan. This option allows you the opportunity to roll over $500 of unclaimed Medical FSA funds into the following plan year. Any amount in excess of $500 will be forfeited under the use-it-or-lose-it rule.
FSA Plan Year is: January 1, 2019 – December 31, 2019
FSA MAX: The maximum you can set aside each year is $2,700.00
DEPENDENT CARE FSA With a Dependent Care Flexible Spending Account (FSA), you can set aside part of your pay on a pre-tax basis to pay for eligible dependent care expenses, such as:
" Day Care Centers " Before/After School Care " Mothers-Day-Out Program " Nursery Schools " Babysitters " Nanny " Au Pair " Daycamps
This account allows you to pay for day care
You may allocate up to $5,000 per tax year for reimbursement of dependent day care services.
($2,500 if you are married and file a separate tax return).
expenses for your qualifying dependent/child with pre-tax dollars while you (and your spouse) are working, seeking employment, and/or attending school as a full time student (for at least five months of the year).
Eligible dependents must be children under the age of 13 when care is provided or be an adult dependent incapable of self-care and be claimed as an exemption on your tax return. For full plan details, view the FSA Booklet available on the Employee Benefit Center.
Flexible Spending Accounts
RESOURCES FOR FSA & HSA MANAGEMENT
FLEXIBLE BENEFITS CARD The Benefits Card is available to all employees that participate in Medical FSA, HSA and or a Dependent Care FSA. The Benefits Card gives you immediate access to your money at the point of purchase. Cards are available for participating employees, their spouse and eligible dependents that are at least 18 years old. To request a card for your spouse or dependent, login to our secure portal at www.ffga.com.
NOTE: The IRS requires validation of most FSA transactions. You must submit receipts for validation of expenses when requested. If you fail to substantiate by providing a receipt to First Financial within 90 days of the purchase or date of service your card will be suspended until the necessary receipt or explanation of benefits from your insurance provider is received.
Online portal Get account information from our easy-to-use online portal. View your Flex Account balance, find claim forms and view claim status and history. See your HSA account and investment balances in real time and request distributions. Visit www.ffga.com to set up your online account.
Ff flex mobile app Available for HSA Accounts, too! With the FF Flex Mobile App you can submit claims, view account balance & history, see claim status, view alerts, upload receipts and documentation and more! The FF Flex Mobile App is available for Apple® or AndroidTM devices on the App StoreSM or the Google Play StoreTM.
Your Employer ID Number is FFA441. You must have this number or your Benefits Card number to register your account on the FF Flex Mobile App.
FSA and hsa STORE First Financial has partnered with the FSA and HSA Store to bring you an easy to use online store to better understand and manage your FSA and HSA. For FSA visit http://www.ffga.com/fsaextras and for HSA visit www.ffga.com/hsaextras for more details & special deals!
Shop at FSA and HSA Store for eligible items from bandages to wheel chairs and thousands ofproducts in between
Browse or search for eligible products and services using the FSA and HSA Eligibility List Visit the FSA & HSA Learning Center to help find answers to questions you may have about your FSA
& HSA
Medical- TRS ActiveCare Aetna is the plan administrator for the TRS-
ActiveCare plans. Aetna offers:
" A variety of plan and network options to suit your individual needs
" A Health Concierge available by phone for answers and guidance on care and benefits
" Online services and mobile apps for easy access to health information and tools, wherever you travel.
To get the best view of Aetna resources and plan information, visit www.trsactivecareaetna.com. Please learn about your Aetna medical plan and take advantage of all it offers for your health and well-being.
Health Savings Accounts Health Savings Accounts are tax-favored trust or custodial accounts that earn you interest. They combine tax-free savings earmarked for qualified medical expenses with a qualified High Deductible Health Plan (HDHP).
Money deposited tax-free into an HSA is used for qualified medical expenses not covered by insurance. The high deductible plan (with traditionally lower premiums) would kick in to cover any larger, qualified medical expenses. You gain the power to choose the best way to use the money you typically spend on health insurance premiums alone and the potential to let the account grow tax-free until you need it most.
The 2019 HSA maximum contribution is $3,500.00 for self and $7,000.00 for family.
Dental - Ameritas Oral care can be a significant financial expense. Having dental insurance can help cover the costs. Help keep your family's smiles healthy with dental insurance
Benefits at a Glance Visit http://benefits.ffga.com for rates and benefit information.
Dental Plan Monthly Rates
high Plan Low plan
Employee Only $36.04 $22.50
Employee & Spouse $80.08 $50.32
Employee & Children $76.55 $53.28
Family $122.99 $85.45
Vision – Superior Vision Vision insurance is a way to help cover expenses incurred for eye care services from eye care professionals such as optometrists and ophthalmologists. Regular eye exams can offer more than just measuring your eye sight! They can identify serious eye diseases early, allowing time for treatment. Most people don't realize that eye exams can also reveal the early signs of serious illnesses like diabetes, heart disease and high blood pressure.
disability – American fidelity Disability insurance pays a cash benefit and is designed to help protect you if you can’t work due to a covered injury or sickness. It pays a monthly benefit amount based on a percentage of your gross income, so you may continue to pay for everyday living expenses.
Accident Insurance - American FidelityAccidents are inevitable. Even though you can’t always prepare for unforeseen events, you can plan ahead. Accident Insurance is designed to help cover some of the expenses that can result from a covered accident, and benefit payments are made directly to you.
Critical Illness Insurance - aflacIf you experience an event such as a heart attack or stroke, Critical Illness Insurance may help. It pays a lump sum amount to help with expenses that may not be covered by major medical insurance – house payments, everyday expenses, lost income, and more.
Hospital indemnity Insurance - aflac A trip to the hospital can be a little intimidating. And while we can’t take all the uncertainty out of your stay, Aflac can help you make some of those unexpected costs a bit more manageable.
Permanent, Portable Life Insurance - TEXAS LIFE Ensuring your family is financially covered in the event of a loss is an important way of showing them you care about their needs. Life Insurance can help. Portable, Individual Life Insurance policies may help your family in the event of your death. The application process is simple. You only have to answer three health questions, and there are no medical exams required.
Term Life Insurance - Dearborn Group life insurance allows you to purchase affordable life insurance on yourself, spouse and dependent children. This is term insurance, available as long as you are employed by district. Employees enrolling in the coverage after the first 31 days of their employment will be subject to insurability and must complete a health questionnaire prior to coverage being issued.
Life insurance is an important purchase to make. It is impossible for life insurance to emotionally compensate for a loss, but it may help ease the financial obligations left to your loved ones such as your mortgage, college tuition, other debts, and daily living expenses. Term Life Insurance offers protection during your peak earning years when you have financial responsibilities such as paying a mortgage or supporting your family.
Vision Plan Monthly Rates Employee Only $9.20
Employee & Children $16.58
Employee & Spouse $15.64
Employee & Family $24.84
Legal – Legal ShieldPre-paid legal provides access to a variety of legal services for you and your family at an affordable monthly cost. These services include, but are not limited to, advice on unlimited issues, attorney letters or calls made on your behalf, and contract and document review. Simply call an 800 number to access legal counsel and advice from qualified lawyers. This product provides peace of mind in today’s litigious environment.
ID Theft Protection – Legal Shield Protect yourself and your family from the fastest growing crime in the US: Identity Theft. A low monthly cost provides protection by scouring the dark web for any compromised accounts and restores your identity with
24/7/365 support. This protection saves you money and time by relying on a service to handle all the details involved when your identity is stolen.
RETIREMENT OPTIONS First Financial offers a variety of options to help supplement your future income and help achieve your financial goals
Which One Is Right for Me? 403(b) A 403(b) plan is a retirement plan for specific employees of public schools & tax-exempt organizations. These plans allow you to invest in either annuities or mutual funds. A 403(b) Plan allows you to reduce your federal taxable income by the amount you choose to contribute. 403(b) contributions can be pre-tax or after-tax (Roth), based on the plan document and investment provider options.
457(b) The 457 Plan is your employer-sponsored group retirement plan, allowing you to save for retirement in a fixed annuity and/or mutual fund options. It is a deferred compensation plan established by state and local governments and tax-exempt employers. Eligible employees are allowed to make salary deferral contributions to the 457 plan. Deductions can be pre-tax or after-tax (Roth), based on the plan document and investment provider options.
Traditional IRA With a Traditional IRA, contributions may be tax deductible, and earnings grow tax-deferred.
Roth IRA With a Roth IRA, contributions are made with after-tax dollars, and it offers the possibility of withdrawing account earnings on a tax-free basis.
FFInvest FFInvest offers a valuable benefit to help you save for the future. Saving now can help you have the income you’ll need at retirement. Participating in the Plan is easy. You contribute a portion of your pay to your Plan account each payday through convenient payroll deduction. Contributions are then allocated to the Plan’s investment options you select.
There are significant tax advantages, too. For example, if you elect pre-tax deductions, your qualifying contributions and all earnings on your account are not subject to current federal income tax (or, where applicable, state or local taxes) until you take them out of the Plan. This tax deferral gives your retirement savings ability to grow under the most favorable terms possible. Your district’s retirement plan also offers Roth (after-tax) deductions. By combining convenience with these special tax benefits, your retirement savings plan offers you one of the best ways to fund your future.
You may contribute $18,000 or $24,000 annually if you are age 50 and over.
We are excited to offer you this worthwhile benefit and we hope you will use it to help make your retirement dreams a reality. As with any investment, there are risks involved but FFInvest offers a wide range of choices that allow you to tailor your investments to match your risk tolerance. Get started today and take the first step toward a brighter future.
“All securities are offered for sale or purchase by First Financial Securities of America, Inc.”
Dear Glen Rose ISD Employee,
Right now, you have an opportunity to make a real difference in the future of your retirement.
How? By joining the FFInvest 457(b) Plan!
The Plan we offer is a valuable benefit to help you save for the future. Saving now can help
you have the income you’ll need at retirement. Participating in the Plan is easy. You contribute
a portion of your pay to your Plan account each payday through convenient payroll deduction.
Contributions are then allocated to the Plan’s investment options you select.
There are significant tax advantages, too. For example, if you elect pre-tax deductions, your
qualifying contributions and all earnings on your account are not subject to current federal
income tax (or, where applicable, state or local taxes) until you take them out of the Plan. This
tax deferral gives your retirement savings ability to grow under the most favorable terms
possible. Your district’s retirement plan also offers Roth (after-tax) deductions. By combining
convenience with these special tax benefits, your retirement savings plan offers you one of
the best ways to fund your future.
You may contribute $18,500 or $24,500 annually if you are age 50 and over.
We are excited to offer you this worthwhile benefit and we hope you will use it to help make
your retirement dreams a reality. As with any investment, there are risks involved but FFInvest
offers a wide range of choices that allow you to tailor your investments to match your risk
tolerance. Get started today and take the first step toward a brighter future.
More information may also be found online at http://ffinvest.my457account.com or
http://benefits.ffga.com/glenroseisd and selecting “Benefits” and then “FFInvest 457(b)”
under “Employer Programs.”
Sincerely,
Ryan Hancock
Sr. Account Administrator
Registered Representative
First Financial Group of America
Dallas Branch Office
1200 W. Walnut Hill Lane Ste. 3400
Irving, TX 75038
Office: 1-800-883-0007
Local: (469) 417-0505
Fax: (469) 417-0509
Email: [email protected]
We are excited to announce the FFInvest Retirement Plan that is now available. The FFInvest 457(b) Retirement Plan is a comprehensive plan funded by Net Asset Value Mutual Funds. It is a competitive & simple, yet flexible plan with a 401(k) type of approach.
Plan Highlights:• Multiple Investment Options
The plan provides 21 different investment options to take advantage of changing investment market conditions,including American Funds, Vanguard, Harbor, and Delaware. There are also Bond Funds and Target Date Retirement Funds to choose from.
• Roth (After-Tax) Deduction Option Available
• Rollovers/TransfersRollovers/Transfers are accepted into the plan from other retirement plans, including IRA’s
• Retirement Savings Contributions Credit (Saver’s Credit)An individual may be able to take a tax credit of up to $1,000 ($2,000 if filing jointly) for making eligiblecontributions to an employer-sponsored retirement plan.
• NO IRS PenaltyNO 10% IRS penalty for withdrawals prior to age 59 ½
• NO Front-End Sales ChargeThere are NO sales charges taken from contributions. This means that100% of all contributions are invested and start working for you.
• NO Deferred Sales Charge
• Client Friendly Technology & Communication» Quarterly Statement» Toll-free telephone number» Interactive website: www.my457account.com» Personalized Benefit Projections» Loan Option» Blog / Calculators» Quarterly Newsletter
Introducing...
FFInvest 457(b) Retirement Plan
For Questions or Information on how to enroll in the new FFInvest 457(b) Retirement Plan, please contact Ryan Hancock at [email protected]
$18,500 – under age 50
$24,500 – age 50 and over
Contribution Limits for 2018:
IT IS VERY IMPORTANT THAT YOU READ AND UNDERSTAND THE FOLLOWING: All investments involve some degree of risk. The funds are offered by prospectus, which contains more complete information regarding the investment objectives, risks, charges
and expenses associated with an investment in the fund. Please be sure and review the prospectus before deciding to invest.
Enroll Online Now!» Go to www.my457account.com» Select "Retirement Plan Login"(upper left hand corner, above InvesTrust logo)» Select "New User"» Enter Plan Password (case sensitive): GlenRoseIf you have questions, please contact an InvesTrust Retirement Plan Specialist at 1-866-848-0258, Monday -Friday, 8:00 a.m. to 5:00 p.m. CST.
This FAQ is designed to inform Participants about the Plan. Every attempt is made to convey the Plan accurately; however, if anything varies from the Plan Documents, the Plan Documents will prevail. Plan Administration Fees, Investment Options, etc. are subject to change without notice. This FAQ is not intended to convey legal or tax advice, nor can it be used to avoid the payment of income taxes or penalties assessed by any US tax authority.
This FAQ is designed to inform Participants about the Plan. Every attempt is made to convey the Plan accurately; however, if anything varies from the Plan Documents, the Plan Documents will prevail. Plan Administration Fees, Investment Options, etc. are subject to change without notice. This FAQ is not intended to convey legal or tax advice, nor can it be used to avoid the payment of income taxes or penalties assessed by any US tax authority.
FAQ’S
Step 1 – – Go to www.my457account.com, click on
Retirement Plan Login (above the InvesTrust logo), click on ”New User” when enrolling
for the first time and enter Plan Password (case sensitive): GlenRose
Follow the instructions to Enroll Today! Call an InvesTrust Retirement Plan Specialist if
you need assistance at 1-866-848-0258, Monday – Friday, 8:00 a.m. to 5:00 p.m.
Step 2 – Decide how much to invest and enter your contribution per pay
period – 10%, is often a good start.
You may contribute up to the IRS maximum contribution limit of $18,000. If you are age 50
and above you may contribute an additional $6,000 ($24,000 total)
Step 3 – Select how you want to invest your contributions among the investment
options available in the plan.
Get started today!
Your decision to start now could help you accumulate more at retirement. And look at the difference you can make in your total potential account value by putting away just a few dollars more of your pay on a pre-tax basis.
Start Today! Contribute $25 of your
semi-monthly salary
Contribute $50 of your
semi-monthly salary
Potential account value
in 10 years
$8,289 $16,579
Potential account value
in 25 years
$37,949 $75,898
This hypothetical illustration is based on the following assumptions: The indicated contribution rate remains constant throughout the periods shown. Your account increases at the hypothetical annual rate of return of 7% compounded annually. You make neither withdrawals nor loans. All earnings are reinvested. IRS limits on compensation and pretax contributions apply. Current limits are indexed and adjusted for cost of living increases using a hypothetical inflation rate of 3% annually. All calculations assume contributions are made the last day of the year.
Investment performance and fund descriptions are available online at: http://ffinvest.my457account.com
Retirement Plan Calculators are available online at: www.investrust.com/financial-calculators-2/
Glen Rose ISD 457(b) Plan
IMPORTANT CONTACTS
Ryan Hancock, ACCOUNT MANAGER 1200 W. WALNUT HILL LN., STE #3400, IRVING, TX 75038
OFFICE: 800-883-0007 | EMAIL: [email protected]
Benefit Vendor Phone Website Medical TRS ActiveCare
Aetna 800-222-9205 www.trsactivecareaetna.com
Dental Ameritas 800-487-5553 www.ameritas.com
Vision Superior Vision 800-507-3800 www.superiorvision.com
Disability American Fidelity 800 654-8489 http://americanfidelity.com/
Accident American Fidelity 800 654-8489 http://americanfidelity.com/
Critical Illness Aflac 800-433-3036 www.aflac.com
Hospital Indemnity Aflac 800-433-3036 www.aflac.com
Permanent Life Texas Life 800-283-9233 www.texaslife.com
Group Life Dearborn 800-348-4512 www.dearbornnational.com
Legal Legal Shield 800-654-7757 www.legalshield.com
Identity Theft Legal Shield 800-654-7757 www.legalshield.com
