July 27, 2023
Q2 e$Bee Award Winners Announced!
Payroll Slot Bonus Award for 403(b), 457(b) & 3121 plans.
The National Life Group payroll slot bonus program encourages new openings for 403(b), 457(b) & 3121 plan1 slot openings, prolonged, consistent application submissions over time, and matches the pre-established production requirements for slot protection. When you open a new slot2 or activate a dormant slot, you can be eligible to participate.
e$Bee Awards are given out based on participation, and the bonus with the highest payout wins!
In addition to earning the extra compensation last quarter, Terry K. and Stephen L. are this quarter’s e$Bee Award Winners. They will receive a Framed Award Certificate and the coveted Busy Bee T-shirt!
How Your Participation Could Payoff:
The following payment schedule illustrates how your participation may pay off in addition to your regular compensation.
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
= $15,000 TOTAL slot bonus potential from this one plan!
What will YOUR payout be?
Don’t Forget:
It’s not just about K-12 403(b). We encourage you to open payroll slots in the following plan types:
- CHURCH PLANS,
- PRIVATE PLAN-SPONSORED IRAs,
- FICA ALTERNATIVE PLANS (for all Part-Time Employees),
- FEDERAL EMPLOYEE ALLOTMENTS.
Contact Retirement Services for more information on opening alternative plan types 866-243-7174 or retirementservices1@nationallife.com
Program Details:
To participate, the Slot Bonus Request Form must be completed and submitted prior to submitting the first application.
- Slot Bonus Program Rules
- Slot Bonus Request Form
- Employer Information Form
- Please consult the Employer Rules of Engagement for a framework of how you may engage with payroll slots.
Retirement Services Relationship Manager.
Now that you have the slot, what will you do?
It's time to ENGAGE! Click here for your virtual and in-person toolkit.
Slot bonus payments go to representatives in the usual manner depending on Agency preference. The e$Bee Award acknowledges the person who received the highest dollar amount in Q2 2020 and consists of a Framed Award Certificate and a Busy Bee T-shirt. Winners are announced at the end of each quarter.
1. 3121 plans will be considered for payout once the assets have transferred to NLG and number of participants have been confirmed.
2. The company name on the slot must be National Life Group. All other slot names do not qualify for the slot bonus program.
