Every month HR Professionals and Plan Administrators receive an email from the Fund that highlights important topics, information and/or resources. August 2025 Hiring New Employees with Prior YMCA Service Each Participating YMCA Employer is responsible for verifying all previous YMCA employment for new hires. To find an employee with prior YMCA service, you can use the Employment Search tool under the Employee Center tab in YERDI. Unable to locate an employee? If YERDI does not have a record of an employee, use the LPA Lookup feature under the Home tab to contact all prior YMCA employers directly or contact our Customer Service Department at 1-800-738-9622 (800-RET-YMCA) to verify the employee’s hours worked. For more details about eligibility and enrollment visit Eligibility & Enrollment. July 2025 Coming Soon: Non-Discrimination Coverage Testing In the coming weeks, we will share information on this year’s Non-Discrimination Coverage Testing process. As a reminder, this is an annual requirement for all YMCAs that participate in Y Retirement. You can prepare by ensuring that your Payfile uploads through June 30, 2025 are accurate in YERDI. Stay tuned! April 2025 Age 60-63 Additional Catch-Up Coming Soon! The Age 60-63 Additional Catch-Up is specifically for those turning 60, 61, 62, or 63 in the 2025 calendar year, as set by the IRS. Eligible participants will be able to contribute an additional $3,750 to the 403(b) Saving Plan, but only after all other contribution limits, including the Age 50+ Catch-Up (and 15 Years of Service Catch-Up if applicable), have been met. Employees turning 64 at any point in 2025 are not eligible for this additional catch-up contribution. In anticipation of this catch-up to be available beginning July 1, 2025, please ensure your payroll providers/systems are ready. For more information on contribution limits, visit our website here. Is your Y’s Officer Information current? It is important that the contact information for your YMCA’s senior leadership is accurate in YERDI. From time to time, we will email them to share important news and updates about Y Retirement and we don’t want your team to miss out. Click here to get started. March 2025 Y Retirement Communications Guide Looking for effective ways to share the news about the Y Retirement benefit with your team? Check out the Y Retirement Communications Guide on YERDI (located in Forms & Resources on the Home tab). It includes valuable resources like sample email language, benefit copy for job description postings, and more to help you get started sharing more about this unique benefit. Considering Changing Resolution Rates? If your Y is considering adjusting it’s contribution rate to the 401(a) Retirement Plan, please connect with the Y Relations team early – even if you have been through the process before. Contacting us early allows our team to take the necessary steps to implement your changes in a timely manner. Reach out at yrelations@ymcaret.org. February 2025 Changing Payroll Cycles and/or Payroll Providers If your YMCA is considering or has already decided to switch payroll providers or adjust the payroll cycle, please reach out to our Pension Representatives as soon as possible. Connect with them via Live Chat or by calling 800-RET-YMCA (800-738-9622) from Monday to Friday, between 9am and 5pm EST. Tax Time: Remind Your Staff about the Saver’s Credit Members of your staff who saved with the YMCA Retirement Fund’s 403(b) Savings Plan in 2024 may be eligible for the Retirement Savings Contribution Credit, or Saver’s Credit, when they file their taxes. The Saver’s Credit rewards saving for retirement with a valuable credit that can either increase their refund or reduce the amount of taxes owed. The eligibility and the credit amount someone qualifies for varies depending on the retirement plan, amount contributed, adjusted gross income, filing status, and other factors. Read More about Saver’s Credit in the IRS website.