DTH

Life Insurance

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DTH    0

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?

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