Equip Plan Termination

To Plan Participants in the Equip Leadership, Inc. 403(b) Retirement Plan:

We have determined to setup a new 401(k) plan and better align our benefits under one roof. Therefore, we will be terminating our 403(b) plan above with Envoy Financial at the end of this year, effective December 31, 2022.

If you are an active employee, you will need to make arrangements to roll out your balance in the 403(b) plan to our new 401(k) provider. You will be getting information on the new 401(k) plan shortly, if you have not already. You will need to file paperwork with Envoy Financial no later than December 27, 2022 to roll out your assets to the new 401(k) plan. Please call Envoy Financial’s Client Service number at 888-879-1376, and ask to speak to a Representative regarding the Equip plan termination, and they will forward to you all the paperwork you need to rollout your money to the new 401(k) plan.

If you are a terminated employee and have a 403(b) balance remaining, you will NOT be able to roll over your balance into the new 401(k) plan. However, you should make arrangements to roll over your 403(b) plan balance before December 27, 2022 to either an IRA provided by Envoy Financial or some other qualified retirement plan. Otherwise, if you do not respond by December 27, 2022, your balance in the plan will be sent to you as a check and treated as a taxable distribution.

We realize all of this may be confusing, but we have partnered with Envoy Financial to offer guidance for this transition. Envoy advisors and representatives are standing by, ready to help answer any questions regarding your transition of these 403(b) plan assets, and what they mean to you in your own personal situation. 

Please click below if you would like to schedule an individual appointment with an Envoy Stewardship Advisor:

Click Here to Schedule a Meeting with an Envoy Stewardship Advisor or call us at 888-879-1376.