Administering
the Plan
Getting Started
To get started administering the Y Retirement benefit, your YMCA should designate a Local Plan Administrator who will become the expert on all things Y Retirement for your team. Once a Local Plan Administrator (LPA) has been identified, contact us to set up onboarding, learn about the resources available, and ensure your Y’s contact information is up to date.
Administrator Resources to Share with Your Team
Review our most commonly accessed resources related to administering the Y Retirement benefit.
Contribution Limits
Review annual retirement savings limits.
403(b) Savings Plan
The 403(b) Savings Plan is a great way for Y employees of any age or status to begin savings for their future!
Summary Plan Description
A resource for Y administrators and employees to reference official YMCA Retirement Fund plan information.
One Fund, Two Plans
Y Retirement Plans incorporate features of both defined contribution and defined benefits plans, meaning we help participants accumulate retirement savings AND receive guaranteed income for life in retirement. The Y Retirement benefit is more flexible than a defined benefit plan (offering some plan portability) and provides more safety than a typical defined contribution plan by managing investment and longevity risk.
401(a) Retirement Plan
Those employees who are eligible for the 401(a) Retirement Plan receive a generous contribution to their accounts, which may be entirely covered by the Y, or split between the employer and employee.
403(b) Savings Plan
Available to all employees of participating Ys beginning on their first day of employment, regardless of age, hours worked, length of service, or compensation. Savings are allowed on a tax-deferred or Roth basis.
Retirement Education for Your Y Employees
Did you know that we can provide retirement education opportunities that are designed specifically for your YMCA? Through virtual or in-person education courses and 1:1 consultation sessions, our team is ready to help your employees understand their retirement benefit and prepare for financial wellness in retirement.
Local Plan Administrator Resources
Explore essential topics that can help you confidently administer the Y Retirement benefit.
YERDI 101
Explore the ways in which YERDI supports Ys in administering the Y Retirement benefit.
Unique Eligibility Cases
Review unique scenarios that may apply.
Universal Availability
Provide all employees with an opportunity to make elective deferrals and rollovers to the 403(b) Savings Plan.
Definition of Compensation
Ensure that your Y is meeting the rules for compensation and plan contributions.
Compliance Responsibilites
Review the primary responsibilities of a YMCA administering the Plans of the YMCA Retirement Fund.
Auditing and Tax Reporting
View the auditing and tax reporting practices that Y Retirement requires for all participating YMCAs.
Additional Resources
Plan Administrators can find additional access to these helpful resources and more in the Learning Hub in YERDI.
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