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401(k)

Pension, health and 401(k) benefits are provided by the Equity-League Pension, Health and 401(k) Trust Funds. The Funds office is located at 165 West 46th Street, New York, NY 10036. Visit http://www.equityleague.org/401k/index.html or call 212-869-9380 or 1-800-344-5220 (outside of New York).

A 401(k) is a savings plan that allows employees to save and invest for their own retirement. Through a 401(k), you authorize your employer to deduct a certain amount of money from your paycheck before taxes are withheld, and to invest it in the 401(k) plan. Your money is invested in investment options that you choose from your 401(k) Plan's provider. You do not pay income taxes on this money until it is withdrawn from the plan.

The following contracts allow for 401(k) employer and deferral contributions: Production/SETA Contracts (Equity/League) and Production Contract (Disney Theatrical Productions, Ltd). These employers contribute 3% of your weekly compensation up to a maximum contribution of $225.00 per week, based on the maximum weekly salary of up to a cap of $7,500.00. The maximum single employer contribution for an actor/stage manager for the year 2016 is $7,950 per employer. LORT and WCLO contracts allow for employer contributions to be paid equal to the percentage required under each contract’s employment category based on their weekly minimum salary amounts.

Many Equity contracts now allow you to defer your own contribution into a 401(k) plan, that is deducted from weekly salary. Please note there are no employer contributions eligible under these contract types. Click here for a list of contracts.

The Equity-League 401(k) plan's provider is: John Hancock Retirement Plan Services

401(k) FAQs



 

Pursuant to federal law, the Equity-League Pension, Health and 401(k)Trust Fund is a separate organization which is jointly administered by labor and management. The Board of Trustees of the Equity League Funds is made up of an equal number of Trustees representing both Actors' Equity and various management bargaining associations. The Trustees have a legal fiduciary responsibility to the Funds. All Trustee decisions are implemented by a Fund Administrator (hired jointly by labor and management Trustees) who supervises the Funds' staff and operations. The Funds are housed in separate offices and are NOT a subsidiary or department of Actors' Equity Association.


 
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