WESTERN ILLINOIS UNIVERSITY 403(b) SUPPLEMENTAL RETIREMENT PLAN
APPROVED VENDORS & COMPANY REPRESENTATIVES
2016
American Fund Distributors, Inc. – Mutual Funds with Frontloaded Charges for
A shares & Annual Total Account Balance Service Fee
Fees & Expenses @ www.americanfunds.com/funds/returns
309-836-2244 Mary Downey, Macomb
309-833-1147 David Garner, Macomb
309-833-3089 Howard P. Harris, Macomb
309-833-1755 Beau Ingledue, Macomb
309-343-2125 Edward Sholtis, Galesburg
309-647-0076 Rusty Melhouse, Canton
309-495-9000 Bill King, Peoria
309-836-8388 John White, Macomb
309-837-2704 Pete Honiotes, Macomb
309-837-5454 Patrick Kolata, Macomb
309-837-2704 David Wines, Macomb
309-836-2885 Ben Pratt, Macomb
309-837-5454 Cory Clem, Macomb
Mary.Downey@wfadvisors.com
david.garner@lpl.com
patcpa2000@gmail.com
bingledue@macombinsurance.com
sholtis@jhnetwork.com
rusty.melhouse@edwardjones.com
kbelliott.com
john.h.white@edwardjones.com
pete.honiotes@edwardjones.com
patrick.kolata@edwardjones.com
david.wines@edwardjones.com
ben.pratt@countryfinancial.com
cory.clem@edwardjones.com
Fidelity Investment Co. – Mutual Funds with Annual Total Account Balance
Service Fee - Fees & Expenses @ www.fidelity.com
800-343-0860 (company direct)
Monday – Friday; 8am – 12am EDT
TIAA-CREF – Annuities & Mutual Funds with Annual Total Account Balance
Service Fee on Retirement Shares - Fees & Expenses @ tiaa-cref.org
Roth provider – Loans against vested balance available
319-356-8006 -Pat J. Conlon, Iowa City, IA
319-356-8010 - Main Office, Iowa City, IA
pconlon@tiaa-cref.org
VALIC Retirement – Annuities with Annual Expenses & Service Fees
Fees & Expenses @ www.valic.com Roth provider– Loans against vested balance available
217-653-9171 David D. Jones, Quincy
david.jones@valic.com
Vanguard - Mutual Funds with Annual Total Account Balance Service Fee
Fees & Expenses @ www.vanguard.com
800-662-2003 (company direct)
Monday – Friday; 8am – 10pm EDT
Eligibility for the 403(b) Plan:
All employees of the University are eligible to participate in the 403(b) plan with the exception of
non-resident aliens with no U.S. source of income and student employees exempt from FICA taxation
Universal Availability Provision). If eligible, you may save for retirement by making tax deferred
contributions or post-tax Roth contributions through the WIU 403(b) Supplemental Retirement Plan. The
reduction in your paycheck may be less than your elective deferral to your account as your elective, pre-tax
deferral reduces the income tax you pay.
You may choose to participate in any of the investment options from the listed vendors. To begin
contributions to a WIU 403(b) Supplemental Retirement Plan, contact one of the representatives or
companies listed above for an enrollment packet, explanation of the investment option(s) and current fund
performance data. A completed enrollment form(s) creating an account with the chosen vendor should be
submitted to the company. Payroll reduction forms must be completed with the HR Benefits Office in order
for deductions to start.
Although any person not on the approved vendor list is prohibited from marketing on the WIU
campus, employees may purchase investments from any agent of the named vendors in the Plan. Please call
one of the representatives or companies shown with any questions regarding enrollment. If you have any
general questions regarding the Plan, please call the Human Resources Benefits Office at 298-1853. Payroll
reduction forms may be obtained from the Human Resources Benefits Office, 312 Sherman Hall.
How to Begin 403(b) Contributions:
1.
2.
3.
4.
5.
Obtain a company listing from the Human Resources Benefits Office (Sherman Hall 312).
Gather plan information.
Submit a completed application to create an account with the company you choose.
Submit a completed Western Illinois University Benefit Payroll Deduction & Revocation Agreement
forms to the Human Resources Benefits Office.
Verify the deduction for deferral on your Salary Earnings Statement.
How to Increase or Decrease Your 403(b) Contributions:
1.
2.
Submit a completed Western Illinois University Benefit Payroll Deduction & Revocation Agreement
form to the Human Resources Benefits Office with the new amount of deduction.
Verify the deduction change for deferral on your Salary Earnings Statement.
How to Stop 403(b) Contributions:
1.
2.
Submit a Western Illinois University Salary Benefit Payroll Deduction & Revocation Agreement
form to the Human Resources Benefits Office with the “authorize revocation” box checked.
Verify the deduction change for deferral on your Salary Earnings Statement.
Annual Employee 403b Deferral Limit for Tax Year 2016
Basic Limit for 2015
Over Age 50 Catch-up for 2015
$18,000.00
$6,000.00
Total possible 2015 tax year deferral
Max even Monthly Deferral $2000.00
$24,000.00
Max even Twice Monthly Deferral
$1000.00