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401(a) - 403(b) - VEBAS

Cowan has 3 vehicles available for investing in retirement.

403(b) - All Cowan employees are eligible to contribute a portion of their salary into a 403(b) plan.  the 403(b) is a retirement plan that is pretaxed until retirement (tax deferred).  Cowan has 3 vendors that may be used through Payroll Deduction.

American Fidelity      Michael Marshall        michael.marshall@americanfidelity.com

MetLife Rick Rarick           rrarick@onetoonefa.com  HS Staff
Aaron Rarick  ararick@onetoonefa.com  Elem Staff

Foresters                Bauer Schmeltz     bauer.schmeltz@foresters.com
         (previously First Investors)                         317-842-8488 Ext. 201

401(a) - Certified Staff have 1.5% of base incomes paid BY COWAN into a 401(a) plan through MetLife.  It is important to note that there is a 6 year VESTING period.  Failing to work for Cowan for 6 years, could result in forfeiting your 401(a) account.  

MetLife Rick Rarick  rrarick@onetoonefa.com  HS Staff
Aaron Rarick              ararick@onetoonefa.com  Elem Staff

CLICK HERE TO LOGIN TO METLIFE IN A NEW WINDOW.
CLICK HERE TO SEE FUND PERFORMANCE AS OF FEB. 2017


VEBA - Certified Staff have 1.5% of base income paid BY Cowan into a Voluntary Employees' Beneficiary Association through Security Benefits.  The funds can be used during retirement for medical expenses and in some cases medical premiums.  The same vesting period as the 401(a) applies.

Security Benefits Lesta Andersen lestaandersen@legendequities.com Phone: 765-274-5545 CLICK HERE TO LOGIN TO YOUR VEBA VIA EMJAY There may be some differences in how VEBA money can be spent. Money contributed to Security Benefits may be spent differently than money contributed to ISTA Financial Services. CLICK HERE FOR A COMPARISON CHART