Flex-Choice Allocation Program
As a member in the Carpenters & Joiners Welfare Fund and the Carpenters & Joiners Defined Contribution (DC) Plan, you can allocate a portion of your Health Fund and DC Pension contribution above the minimum hourly contributions required to be put into the plan.
Maximize your retirement savings and pre-fund your health care by making a Flex-Choice election this month. Your choices are as follows:
GLIDEPATH MODEL
The Glidepath Model will adjust your contributions over time, allocating more to your DC Pension the younger you are and shifting more into your health fund as you age. With Glidepath, you can set it and forget it, requiring no further management after the initial selection.
CUSTOM ALLOCATION
If you have unique circumstances, custom allocation allows you to choose what works best for you and your family. With this election, you will have the option to make a new election every spring.
NO ACTION
Taking no action will default the amount currently allocated to your DC Pension and the remaining will go into your health fund.
Modeling Tool
Want to see what your Health Fund and DC Pension balances could look like at retirement based on how you choose to allocate your Flex-Choice dollars?
Check out the modeling tool at www.carpentersandjoinersbenefits.com and make sure you aren't leaving thousands of dollars on the table.
Questions?
If you have questions about the Flex-Choice Allocation Program or need assistance, contact Wilson-McShane at (844) 468-5916.