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AHRP Home Page > Current $umTimes > January $umTimes

 

January 2010

Address Update?

Hundreds of AHRP accounts have out of date addresses on file. Mail sent to Participants from the AHRP is not forwarded by the US Postal Services but is returned as undeliverable. The AHRP then faces the difficult task of locating the Participant.

If you have changed your address and are currently employed by an AHRP Participating Employer, provide your new address to your HR Department. This update will be included in the be-weekly payroll data your employer sends to AHRP and your AHRP mailing address will be kept current as a result.

If you no longer work for an AHRP Participating Employer, you may call the AHRP Retirement Center at (800) 730-2477 and provide your updated address or you may send a change of address notice including your Social Security number and signature to:


AHRP Retirement Center
100 Half Day Road
Lincolnshire, IL 60069

2009 EMPLOYER CONTRIBUTIONS

Following the end of each calendar year, a calculation is made to determine the employer basic and matching contributions for the year just ended. These contributions are typically added to your AHRP account during the latter part of January (for the previous year). You will be able to observe an increase to your account balance at that time.

If you were eligible to receive employer basic and matching benefits for 2009, your AHRP Account Statement for the quarter ending March 31, 2010 will include these contributions.

2010 INTEREST RATES

AHRP Capital Preservation Account

¨ The 2010 guaranteed interest rate for the AHRP Capital Preservation Account is 3.85%.  This represents a 0.25% decrease from the credited rate of 4.10% during 2009.

AHRP Loans

¨ The interest rate on AHRP loans is tied to the yield on the AHRP Capital Preservation Account at the time the loan commences.  New loans taken during 2010 will have an interest rate of 3.85%.
 

IRS DEFERRAL LIMITS UNCHANGED FOR 2010

The IRS deferral limits remain unchanged for 2010. These limits apply to the combined contributions you make to your pre-tax [AHRP traditional 403(b)] and/or after tax [AHRP Roth 403(b)] retirement plans as well as contributions made to similar commercial plans. Contribution rate changes can be made through the AHRP Web site http://www.AHRP.com or by calling the AHRP Retirement Center at 1 (800) 730-2477.

Annual deferral limit for those under age 50 by year end: $16,500
Annual deferral limit for those age 50 and above by year end: $22,000
 

 

I'm proud to pay taxes in the United States; the only thing is, I could be just as proud for half the money. -Arthur Godfrey.

 

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