Life Insurance

Recommended Posts

I have a plan that was recordkept at Nationwide. The employer had an arrangement between Nationwide and Monumental Life where pre-tax dollars were used to pay for life insurance premiums. The employer is sending us a contribution file asking us to carve out the premiums from these contributions and send it to the insurer.

Does anyone have any experience with this arrangement? Are you treating the life insurance premiums as annual deferrals under the 457(b) plan? If yes, do you have a life insurance provision in the plan document?

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now