
Motion Picture Industry Pension & Health Plans 4765553.2/38975-00009 2015-2025 free printable template
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TO EXECUTIVE PRODUCERS, PRODUCERS AND ASSOCIATE PRODUCERS ELECTION OF PARTICIPATION IN THE Motion Picture Industry Pension Plan Motion Picture Industry Individual Account Plan Motion Picture Industry
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What is the mpi individual account plan?
The Motion Picture Industry Individual Account Plan is a defined contribution plan that provides participants with either a lump sum payment or a monthly benefit. It is completely Employer-funded and the amount of a participant's benefit will be their account balance at the time of retirement.
What is an individual defined contribution plan?
“A defined contribution plan… does not promise a specific amount of benefits at retirement. In these plans, the employee or the employer (or both) contribute to the employee's individual account under the plan… These contributions generally are invested on the employee's behalf.
What are 2 types of contribution plans?
Examples of defined contribution plans include 401(k) plans, 403(b) plans, employee stock ownership plans, and profit-sharing plans.
What is the contribution rate for Mpiphp?
The Retiree Health contribution rate shall remain at $1.9600 per hour. Effective March 22, 2020, the new total composite rate will be $15.669 per hour.
What is the individual account plan contribution?
(34) The term “individual account plan” or “defined contribution plan” means a pension plan which provides for an individual account for each participant and for benefits based solely upon the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of
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What is Motion Picture Industry Pension Health Plans?
The Motion Picture Industry Pension Health Plans provide retirement and health benefits to eligible workers in the film and television industry, ensuring financial security and access to healthcare.
Who is required to file Motion Picture Industry Pension Health Plans?
Employers in the motion picture industry who hire workers covered by the plans are required to file the necessary paperwork to ensure their employees are registered for benefits.
How to fill out Motion Picture Industry Pension Health Plans?
To fill out the Motion Picture Industry Pension Health Plans, employers must complete the designated forms with accurate employee information and contribution details, and submit them to the plan administrators.
What is the purpose of Motion Picture Industry Pension Health Plans?
The purpose of the Motion Picture Industry Pension Health Plans is to provide financial assistance and healthcare coverage to industry workers during retirement or in times of medical need.
What information must be reported on Motion Picture Industry Pension Health Plans?
The information that must be reported includes employee names, Social Security numbers, hours worked, wages, and contributions made to the pension and health plans.
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