January 25, 2024
The e$Bee Awards: Q4 2023 Winners
Payroll Slot Bonus Award for 403(b), 457(b) & 3121 plans.
The National Life Group payroll slot bonus program encourages new 403(b), 457(b) & 3121 plan1 slot openings, prolonged, consistent application submissions over time, and matches the pre-established production requirements for slot protection. When you open a new slot2 or activate a dormant slot, you can be eligible to participate.
Participation equals payout and the highest bonus payout wins the e$Bee Award!
Along with the additional compensation earned last quarter, all three of this quarter’s e$Bee Award Winners will receive a Framed Award Certificate as well as the coveted Busy Bee T-shirt!
In addition to your regular comp, this payment schedule is an example of how your participation could pay off.
For a plan with 2,000 employees, maximum payouts are:
$2,000 initial bonus
+ $3,000 year 1 bonus from meeting production
+ $4,000 year 2 bonus from meeting production
+ $6,000 year 3 bonus from meeting production
= $15,000 TOTAL slot bonus potential from this one plan!
What will YOUR payout be?
Remember, it’s not just about K-12 403(b). We encourage you to open payroll slots in the following plan types:
- CHURCH PLANS,
- PRIVATE PLAN-SPONSORED IRAs,
- FICA ALTERNATIVE PLANS (for all Part-Time Employees),
- FEDERAL EMPLOYEE ALLOTMENTS.
Contact Retirement Services for more information on opening alternative plan types 866-243-7174 or retirementservices1@nationallife.com
Program Details:
To participate, the Slot Bonus Request Form must be completed and submitted prior to submitting the first application.
- Slot Bonus Program Rules
- Slot Bonus Request Form
- Employer Information Form
- Please consult the Employer Rules of Engagement for a framework of how you may engage with payroll slots.
Retirement Services Relationship Manager.
Slot bonus payments go to representatives in the usual manner depending on Agency preference. The e$Bee Award acknowledges the person who received the highest dollar amount in Q4 2023 and consists of a Framed Award Certificate and a Busy Bee T-shirt. Winners are announced at the end of each quarter.
- 3121 plans will be considered for payout once the assets have transferred to NLG and number of participants have been confirmed.
- The company name on the slot must be National Life Group. All other slot names do not qualify for the slot bonus program.
