Every month HR Professionals and Plan Administrators receive an email from the Fund that highlights important topics, information and/or resources. 

January 2023 News For Administrators

National Financial Wellness Month
Help your staff put their future financial well-being on the right path. We just published a new article on our website that includes tips and resources to help your employees understand the value of the YMCA Retirement Fund, the Interest Credit and Annuity Conversion Rates for contributions to their Plans, and how they can achieve lifetime income in retirement.


IRS Form W-2: What You Need to Know
As you prepare your IRS Form W-2s for your staff, be sure you are properly reporting your staff’s reportable compensation in Box 1. The Fund utilizes a “safe harbor” definition of compensation that the IRS recognizes as non-discriminatory. This definition (used by most pension plans) ensures uniformity for all participants. Visit our website to learn more.


Bonuses and Contributions
Does your YMCA award bonuses or other lump sum financial incentives to your staff? YMCAs that award bonuses must make contributions to their eligible employees’ 401(a) Retirement Plans on that extra compensation. Participants are not required to have contributions made to their 403(b) Smart Account based on this amount and should provide their preference in writing if they wish to opt out. Visit our website to learn more.

December 2022 News For Administrators

Happy Holidays from the Y Relations Team!

As the calendar year comes to a close, we want to take a moment to say Thank You!

As a participating local YMCA in the Fund, your role in educating and supporting your staff as well as ensuring compliance is vital to the success of offering this valuable benefit. Thank you for your continued commitment and partnership.

2022 was a big year for the Fund, and especially for us in the Y Relations group.  We launched new educational resources, facilitated virtual education to more than 2,300 local Y staff, got back out on the road to visit with many of you and your staff at YMCA local, state, regional, and national meetings in person!

We look forward to 2023 when we will strengthen our existing partnerships, build new relationships, and continue to work together to bring the Fund benefit to your YMCA staff.

We hope you and your teams have a happy and healthy holiday season.

Warmest wishes, Andrea, Miriam, Paulina, and Ed


Preparing for the New Year: 2023 Transmittal Calendar

As you begin your planning for next year, we want to make you aware that the 2023 Contribution Transmittal Calendar is now available on our website and in YERDI. Please continue your diligence in ensuring your YMCA submits contributions to the Fund’s Plan(s) in a timely manner. Visit our website to learn more and ensure your Y remains compliant.

Click here to download the document.

November 2022 News For Administrators

Contribution Limits for 2023 

The IRS recently announced the contribution limits for 2023. The maximum allowable elective deferral for 2023 increased to $22,500 from $20,500 in 2022. Other limit updates include:

  • Age 50+ Catch-Up – Participants who are age 50 or older, or will turn age 50 during the calendar year 2023, are allowed to increase their annual tax-deferred contributions by $7,500.
  • The 15-years of Service Catch-up – To be eligible, employees must have worked for a Y for at least 15 years and their previous tax-deferred contributions could not have exceeded an average of $5,000 per year of service. They may not use more than $15,000 of catch-up contributions over their lifetime, limited to $3,000 in any one year.

A new 403(b) form is now available on our website. Click here to read more.


Understanding Universal Availability

As a participating YMCA with the Fund, it is important that you understand your Y’s responsibility regarding the 403(b) Savings Plan. IRS regulations require that all 403(b) plans offering salary deferral contribution elections meet a Universal Availability Rule, which is the blueprint to ensure that all employees are notified of the opportunity to make pre-tax contributions. Click here to learn more


Keep Us in the Loop!

Has your YMCA recently undergone any changes? Whether you have new leadership, a change in Plan Administrator, or an update in Direct Deposit, we want to know so that we can update our records and ensure that we are communicating to the right people at your Y. Many of these changes can be made directly in YERDI, but for those that can’t – or if you aren’t sure – chat the Fund’s Customer Service team in YERDI or contact a member of our Y Relations team.