Sample Questions to ask Vendors
Regarding Supplemental Retirement Savings Accounts
1. How much do you charge in administrative costs?
2. How many times can I change the amount I have withheld per year?
3. What is the turn around time from the time I make the election for deduction and
the time it can be entered in the payroll system?
4. Do you have a minimum monthly contribution amount? If so, how much is the
minimum contribution I can make on a monthly basis?
5. What is the maximum amount I can contribute on an annual basis?
6. At what age can I access my money?
7. Do I have to terminate my employment with CSCC before I can access my
money?
8. How is the money distributed:
Percentage?
Set monthly amount?
9. Can I delay payment? Can I change the disbursement amounts once I start to
withdraw money?