Communique -- October 2016

In this issue
  >>  Payroll office staffing changes
  >>  Remittance mailing address
  >>  Online account access, tools, and resources
  >>  Save time with online Salary Reduction Agreement (SRA)
  >>  Trust Advantage™: Over 180 districts do it…how about you?
Payroll office staffing changes

The staff in your district's payroll office play a key role in administering your 403(b) plan. We rely on them to make our communications to you and our participants as smooth as possible.

If there have been personnel changes, please let us know. Call 1-800-279-4030 or e-mail retirement@weabenefits.com with the name, phone number, and e-mail address of the person who would be our best contact should we have any questions. We appreciate your help.

Remittance mailing address

As a reminder, our address for remittance payments changed a year ago. All checks should be made payable and sent to:

WEA Member Benefits
PO Box 645451
Pittsburgh, PA 15264-5252

To insure proper credit, please be sure to include both the account number (bin number) and the plan name on all deposits. As indicated, the bin number should be placed between pound (#) signs for both ACHs and wires. The bin number should also be written on checks.

Online account access, tools, and resources

Member Benefits’ website provides account access for both employers and employees.

  • Employers can log in to yourPLAN ACCESS to view payroll records, employee status, and a variety of different reports for monitoring and maintaining their plan documents.
  • Employees can log in to yourMONEY to view their account activity, update beneficiaries, make investment changes, and view statements. We encourage you to direct employees to contact us by phone or through our website if they have any questions.

New employees who are considering their retirement options can visit our website to:

We also provide a variety of calculators that can be used to determine everything from the effects of compound interest to credit card roll-down payment comparisons to long-term care insurance scenarios.

WEA Member Benefits strives to be a resource to you and your employees for all your payroll, retirement, and investment needs. Please feel free to contact us at 1-800-279-4030 any time you have questions.

Save time with online Salary Reduction Agreement (SRA)

For those districts that use their own SRA or one from a third-party administrator, we recommend making the document available on your district’s Web site. If an employee contacts us to enroll in a 403(b), we explain that they will need to complete an SRA to confirm the amount of the payroll deduction. If we know the form is available on your Web site, we will direct the employee there to get the document. If not, we encourage them to contact the payroll office to obtain the form.

Having your SRA available on your Web site can speed along the process and reduce the number of times an employee will have to contact your payroll office.

We want your employees to have the SRA completed correctly before they hand it in, and if it is available online, we can help them with it.

Trust Advantage™: Over 180 districts do it…how about you?

Trust Advantage, a voluntary benefit program through Member Benefits, provides Wisconsin public school districts an opportunity to enhance their employee benefits without impacting their bottom line. This makes it easier to attract and retain valuable employees and generates goodwill at a time when benefits are being reduced. Trust Advantage also offers public school employees access to tools and resources to help them become financially secure.

The Trust Advantage program offers:

  • Additional benefits for staff—including administrators, custodians, and support staff—with no impact on the district's benefits budget.
  • Financial education tailored to Wisconsin public school employees.
  • The convenience and affordability of purchasing personal insurance and savings products using payroll deduction.
  • Access for family members to most Member Benefit programs.
  • Personal consultations and unbiased assistance to help employees become financially secure.
  • Communication tailored to individual school districts encouraging participation in existing individual benefit programs.

If you are interested in learning more about Trust Advantage and how it can benefit your district, e-mail us at memberbenefits@weabenefits.com and the appropriate Worksite Benefits Consultant will contact you. Please include your name, district, and contact information.

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