Current employee 401a Faq

Navarre’s plan number is G39110. Our plan name is Navarre Corp. 401A.  

Please call OneAmerica’s Participant Service Center at 1-800-249-6269. Navarre HR can only see the status of loan and distribution requests that have already been completed.   

• Using the procedures above, requests will normally be completed by OneAmerica within 1-2 weeks. This is the best-case scenario. If there are issues with the request (missing documentation, incorrect information, etc.) the process may take longer.  
• For the quickest service, please fill out all forms completely and accurately. 

 The account will be automatically created for you after you have accumulated enough funds. This is generally 4-5 months after your hire date. 

  If you are/were a SCA employee, you receive(d) a “fringe wage.” This is an hourly rate above your standard hourly rate that is contributed to “health and wellness” which means insurance coverage, retirement, or both. The amount of this hourly fringe wage is created by the government; it is not created by Navarre, and Navarre cannot increase or decrease it. Fringe wage is paid per hour for regular, non-overtime hours, up to 40 hours a week.   

Money from your fringe wage goes two places: 

1. Toward health insurance benefit deductions: 

• Your fringe wage accrues in an account through GSA National, a third-party administrator specializing in fringe wage administration for federal contractors. This functions like a checking account to pay your monthly benefit premiums for your benefit enrollments.   
  • If you have elected medical benefits, your entire fringe wage will probably be used to cover these expenses. Whatever is left over (if anything) will go into your 401A account.  
    • Before remaining money goes into your 401A, it will accumulate in an account to cover 3 months of benefit premium deductions. This is a minimum required threshold.   

2. To your 401A retirement account: 

• If you have not elected most, or any, benefits, some, or all of your fringe wage will go into your 401A retirement account. Most people that do not elect medical coverage will have remaining fringe wage for their 401A.  

Navarre’s 401A is managed by OneAmerica. You can either call OneAmerica at 1-800-249-6269 or create an online account at www.oneamerica.com/login. Navarre’s plan number is G39110, and the plan name is Navarre Corporation 401A.   

 Because the 401A is a retirement plan, there are federal government guardrails that dictate how money in the retirement account can be used, and when. The funds are meant for retirement, so these guardrails limit the ways money can be used for non-retirement purposes, without penalty. These are guardrails from the government which Navarre and OneAmerica must abide by.   

• Because the 401A is a retirement plan, there are federal government guardrails that dictate how money in the retirement account can be used, and when. To discourage using the funds for non-retirement purposes, the government may “penalize” distributions made before reaching retirement age of 59.5 by assessing both a penalty and a higher tax rate.  
• If you request a distribution, this money is considered income. Like any other income, it is subject to federal and state taxes, which legally must be withheld. So, where required, the amount you request might be reduced to cover the tax penalty.  
• This is not intended as and does not constitute tax advice. Please consult with a tax advisor to understand the implications of distributing or rolling over funds.