Palmer College has established a Money Purchase Pension Plan with  Principal Financial Group, to provide funds for their employees' retirement. Effective 1/1/06, the College contributes 6% of a participating employee’s base salary to the plan. The attainment of age 21, and completion of 12 consecutive months of employment determine an employee’s eligibility.

You can visit Principal's Website at www.principal.com 

To access your account information, you will need to have your id number (social security number) and your pin number.  If you don’t have a pin number, you can establish a pin number by visiting Principal’s pin service center.

Money Purchase Plan Summary Plan Description

Commonly Asked Questions About The Money Purchase Plan

Beneficiary Designation Form

Employees of Palmer Chiropractic are eligible to participate in a tax-sheltered annuity program. 403 (b)s are a pre-tax retirement vehicle similar to IRA’s. Employee’s may contribute as little as 1% or a maximum of $15,500 for the 2008 calendar year. Employees age 50 and over are eligible to make catch-up contributions of up to $20,500 for 2008. Employees may choose to open a 403 (b) at anytime with any one of the vendors currently available.

The following is a list of 403 (b) vendors:

PRINCIPAL FINANCIAL GROUP  
PRINCIPAL SUMMARY PLAN DESCRIPTION (SPD)
ING
AMERICAN CENTURY
FIDELITY INVESTMENTS
MERRILL LYNCH
TIAA/CREF
 

Please contact the Human Resource department for more information packets on the 403 (b) vendors at (563)884-5872 or shelley.devore@palmer.edu.

To change your current salary deduction, please complete the 403 (b) Salary Reduction Agreement form and return it to the Human Resource Department.

2008 Salary Reduction Form ~ Davenport
2008 Salary Reduction Form ~ Florida