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Former Retirement Plan Information

Former Howell 401k Retirement Plan 
Contributions ended on 10/31/2015. Plan access for investment management, distributions, and rollovers only.

Description of Former Howell 401k
  • Was for Howell Employees only
  • This was the employee contribution plan.
Plan Record Keeper & Contact

Wells Fargo
1-800-728-3123 Mon – Fri, 7am – 10pm

Options for Employees with a Howell 401k Retirement Account

All Plan Participants will receive a Distribution Notice from Wells Fargo in early November, when the   “old company” terminates 10/31/2015, providing more information on the following options:

  1. Rollover to the new RHA LLC 401k with Wells Fargo.  Make a specific investment selection.  If not, a default election will be made based on your age.
  2. Rollover to your own retirement vehicle like an IRA.
  3. Chose a distribution of the funds.  This money will be taxed and distributed to the employee. The average taxes and early withdrawal fees are around 35% of balance.

Note:  If you have a balance of $999 or less and you do not complete a distribution or rollover form by 1/1/2016, your funds will automatically be taxed and distributed to you.

Specific Information for Howell Employees with 401k Loans

  • Early October 2015 – All employees receive welcome letter from Wells Fargo introducing them to the new 401k.  Howell employees with Howells 401K loans will also receive the Loan Rollover & Distribution Request form.
  • October 23, 2015 – Deadline to rollover old Howell 401k loans to new RHA Health Services, LLC 401k.  Complete the Loan Rollover & Distribution Request form mailed to homes & return to Jackie Smith in LaGrange.
  • If employee DOES NOT rollover their loan to the new 401k by 10/23/2015:
    1. They will receive a 90 day loan notice from Wells Fargo informing the employee they have 90 days to pay off the loan or it will default on May 1st, 2016.
    2. When the loan defaults in 2016, it will be considered as taxable income for the employee.


Former RHA 403b Retirement Plan
This plan is not ending.  However, RHA employees will be considered 'inactive' and contributions through RHA payroll ended 10/31/2015.

Description of Old RHA 403b Plan

  • For Health Services, Behavioral Health & Management Services Employees
  • This was the pre-tax employee contribution plan.

Plan Record Keeper & Contact

  • To request a Transfer of Assets or Direct Rollover form contact American Funds at 1-800-421-0180
  • For Financial Advise with 403b funds contact Jay Crumpler with SunTrust Investment Services at 1-336-936-6019

Options for Employees with an RHA 403b Retirement Account:

  1. Keep funds in the existing 403b plan.  But you won’t be able to make pre-tax contributions from your RHA paycheck.
  2. Rollover to the new RHA LLC 401k with Wells Fargo.  Make a specific investment selection.  If not, a default election will be made based on your age.
  3. Rollover to your own retirement vehicle like an IRA.
  4. Chose a distribution of the funds by contacting American Funds.  This money will be taxed and distributed to the employee.



Former RHA 401a Plan
This plan ended on 10/31/2015.  Employees have plan access for distributions and rollovers only.

Description of the Former RHA 401a Plan

  • For Health Services, Behavioral Health & Management Services Employees
  • This was the employer (RHA) contribution plan.
  • RHA last contributed to employee accounts in 2007.

Plan Record Keeper & Contact

Wells Fargo
www.wellsfargo.com
1-800-728-3123.  Mon – Fri, 7am – 10pm

Options for Employees with an RHA 401a Retirement Account:

All Plan Participants will receive a Distribution Notice from Wells Fargo in early November, when the   “old company” terminates 10/31/2015, providing more information on the following options:

  1. Rollover to the new RHA LLC 401k with Wells Fargo.  Make a specific investment selection.  If not, a default election will be made based on your age.
  2. Rollover to your own retirement vehicle like an IRA.
  3. Choose a distribution of the funds.  This money will be taxed and distributed to the employee. The average taxes and early withdrawal fees are around 35% of balance.
* There is a $40 transaction fee for any of the 3 options above. This fee is deducted from the account balance and was part of the plan agreement back in 2007.

Notes on Former RHA 401a Account Balances

  • If you have a balance of $999 or less and you do not complete a distribution or rollover form by 1/1/2016, your funds will automatically be taxed and distributed to you.
  • If you have a balance of $1000 or more and do not choose to rollover or distribute your funds in your 401A plans with Wells Fargo, you will receive a notice in the Fall of 2016 about their funds being automatically moved into Wells Fargo’s third party IRA – Inspira Total IRA.  You will then receive a Welcome Packet from Inspira as the funds must be zeroed out of the terminated Wells Fargo plans.
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