Westrock employee pension WestRock Company Consolidated Pension Plan – Mahrt Mill USW 971, 1471 and 1972 1 Introduction This booklet is a Summary Plan Description (“SPD”) for the WestRock Company Consolidated Pension Plan (the “Plan”), as it applies to the bargained employees at the Mahrt Mill in Pension Service Center. Mar 23, 2025 · WestRock benefits and perks, including insurance benefits, retirement benefits, and vacation policy. As a WestRock employee, it is important to understand how companies sometimes offer lump-sum pension buyouts to workers at or near retirement, and former employees with vested pension benefits who haven’t begun taking monthly payments. Dec 31, 2020 · Effective January 1, 2016, the Plan was formally restated and its name changed to the WestRock Company 401(k) Retirement Savings Plan. Welcome! On this site you can plan for your retirement, estimate your pension benefit, and access information regarding your pension plan. Manter-me conectado. 2022 Quick Reference Total Rewards The WestRock Benefits Center (WBC) is your first stop for your total rewards and benefits needs. Employees have the right to receive information about their benefits, act prudently, and enforce their rights through the claims and appeals process outlined in the plan (WestRock Company_Issued…). benefits. Please use the tabs below to find the links that most closely resemble your request. 450. This type of Plan generally establishes an account for each individual Participant where a defined amount is being contributed by the Participant, the employer or both. WestRock is only moving the administration of the plan from Fidelity to Alight ERISA Compliance: WestRock complies with the Employee Retirement Income Security Act (ERISA), ensuring that employees' pension rights are protected. It is our goal to make sure that you have the knowledge and insight necessary to make well Test Landing Login page. Explore how the aging baby boomer generation affects WestRock employees nearing retirement. Title: Statement of Investment Principles for the MWV Retirement Plan (2019) Created Date: 20191104112340Z WESTROCK COMPANY 401(K) RETIREMENT SAVINGS PLAN is a DEFINED CONTRIBUTION PLAN. Q: I haven’t started my pension yet. Username: * Password: * Remember me next time. Accordingly, the Company assumed sponsorship of the Plan. NOTE: You will have to be inside the WestRock network or have Multi-Factor Authentication (MFA) set up to access PeopleSoft. Maximize your employer match and plan wisely. Added Benefits offers exclusive discounts and perks for WestRock employees. ERISA Compliance: WestRock complies with the Employee Retirement Income Security Act (ERISA), ensuring that employees' pension rights are protected. Any active, full-time or benefits-eligible, part-time employee of WestRock or an affiliated company where WestRock holds a majority interest may apply for a grant from the Fund. The Employer for the Plan is: WestRock Company The Plan Sponsor for the Plan is: WestRock Company 1000 Abernathy Rd. Consolidate your retirement accounts. How do I get an estimate of my pension benefits? A: Starting December 2, 2019, you can run estimates online at . CUSTOMERS. If you have any questions, please contact us at 1-877-459-2403, 9:00 a. This statement has been produced in ERISA Compliance: WestRock complies with the Employee Retirement Income Security Act (ERISA), ensuring that employees' pension rights are protected. Password. Westrock 401(k) into an IRA is a great way to keep track of your retirement savings and make sure you’re in control, not your former employer. pension plans, including a different part of the WestRock Plan, such as the MeadWestvaco Corporation Retirement Plan for Bargained Hourly Employees; You are part of a group of employees (such as employees represented by a union and employees of entities that are not designated subsidiaries) to whom the Plan has not been extended by the Company; Log in to access Alight Worklife services for WestRock employees. This reduces the total obligations and risk within their plans. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. Password merged into the WestRock Company Consolidated Pension Plan (“WestRock Plan”) as of January 1, 2019. Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan. For WestRock employees and potential business owners, you must not maintain any other employer-sponsored retirement plan [such as a 401(k) plan, a tax-sheltered annuity, or a simplified employee pension plan] that benefits any of your employees eligible to participate in the SIMPLE 401(k). , Eastern, Monday through Friday. All rights reserved. Benefit Retirement Plan was merged into the WestRock Company Consolidated Pension Plan (“WestRock Plan”), and below is important information about the WestRock Plan. m. There are three steps to rolling over a Westrock 401(k):Confirm a few key details about your ; Empower 401(k) planDecide which IRA you want to move your ; Empower 401(k) to of the WestRock Employee Relief Fund. 00. com 800-540-4272 877 applicable. and Canada, and their spouse/domestic partner, are eligible to leverage our Matching Gifts and Grants Jan 28, 2024 · What Retirement Plan benefit do WestRock employees get? WestRock Retirement Plan, reported anonymously by WestRock employees. Important information regarding market volatility In light of recent market volatility, remember that your retirement account is intended for long-term investment. In 2023, the estimated average employee contribution amount per participant for WESTROCK COMPANY 401 (K) RETIREMENT SAVINGS PLAN is $4,323. Q: Does this change my pension benefits? A: No, this does not change your pension benefits. Employees. Regulations 2018 and the Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2019 along with guidance published by the Pensions Regulator. Westrock Company, Inc. through 6:00 p. benefits and perks, including insurance benefits, retirement benefits, and vacation policy. and/or other broker-dealers. 251. S. Access Employee Resources at WestRock, Including Benefits, HR Policies, Career Development Tools, and More to Support Your Growth. Forgot your User Name or Password? No account yet? Register here Discover why WestRock retirees must stay vigilant against tax scams. Empower Retirement, its parent company and/or any of its subsidiaries are not responsible for the content provided and/or updates with respect to the material Core securities, when offered, are offered through GWFS Equities, Inc. Log in to access your Alight Worklife account and manage your benefits. , Atlanta, will freeze its remaining salaried and non-union hourly defined benefit plan participants to future benefit accruals effective Dec. com, or contact the WestRock Benefits Center delivered by Alight Solutions at 1-800-540-4272. pension plans (including a different part of the WestRock Plan), such as the MeadWestvaco Corporation Retirement Plan for Bargained Hourly Employees; you are part of a group of employees (including employees represented by a union and employees of entities that are not designated subsidiaries) to whom the Plan has not been ensure your transition from WestRock employment is a smooth one . WestRock Webcenter. com. SMURFIT WESTROCK, SMURFIT WESTROCK Design are trademarks owned by Smurfit Westrock. Title: Statement of Investment Principles for the MWV Retirement Plan (2019) Created Date: 20191104112340Z Employees or the Smurfit-Stone Container Corporation Pension Plan for Hourly Employees will continue to receive their monthly pension checks as usual. This transaction, which is expected to close in late September and is subject to closing conditions, will occur through the purchase of a group annuity contract using Plan assets that will transfer payment responsibility for retirement Pension Self Service. It is our goal to make sure that you have the knowledge and insight necessary to make well informed pension decisions. Congratulations! WestRock provides eligible employees with the following retirement-related benefits: • 401(k) Retirement Savings Plan Regulations 2018 and the Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2019 along with guidance published by the Department of Work and Pensions. Previous Pay Stubs: Once you locate your previous pay stub, find your "Employee ID". Username. 5 billion in pension obligations of the WestRock Company Consolidated Pension Plan (“Plan”). , NE Atlanta, GA 30328 Pension Self Service. © 2025 Smurfit Westrock. Combine your funds and realize the simplicity of one account. Discover the economic impact on WestRock, housing, labor markets, and Social Security. 4107or 855. Your retirement benefit from the Plan is based on your service with WestRock (including service with Westvaco). Alight Solutions is the recordkeeper for the WestRock Pension Plan. The district court ruled that WestRock does not have a valid cause of action. We would like to show you a description here but the site won’t allow us. The Shifting Landscape for Institutional Investors The investment landscape is undergoing a fundamental shift, affecting all major asset classes. Jan 28, 2024 · What Retirement Plan benefit do WestRock employees get? WestRock Retirement Plan, reported anonymously by WestRock employees. ; and registered investment adviser, Empower Advisory Group, LLC. WestRock, connexion. 560+ Breadth . If your pension benefit is from a defined benefit pension plan and the pension plan terminates, your benefits are guaranteed by the Pension Benefit Guaranty Corporation, subject to applicable It gives WestRock employees, who are looking to retire earlier than normal or those who need the cash flow, a way to take distributions from their retirement plans sooner than is typically allowed. 3 days ago · Rolling over your . Discover 7 key factors for financial stability and emotional well-being during changes at WestRock. Contact Us. Dec 3, 2015 · The U. WestRock workers nearing retirement face financial strain from the ongoing pandemic, inflation, and stock market volatility, leading many to tap into their 401(k) accounts. Discover the most common 401(k) mistakes WestRock employees make and learn how to avoid them for a secure WestRock retirement. Employee programs. Welcome to Your Pension Resources. Reported anonymously by Westrock Company, Inc When married with fewer than 40 credits, you may be eligible for a spousal benefit of up to half your spouse's amount at full retirement age. Sep 8, 2016 · WestRock Company (NYSE:WRK) today announced it will settle $2. Forgot your User Name or Password? No account yet? Register here Field Group Pension Plan 1. Pension Service Center. By clicking on the links provided, you are being redirected. As a WestRock employee, if you are the co-owner of property owned as a tenancy by the entirety (you are a tenant by the entirety), that property passes automatically at your death to your surviving spouse without the expense and delay of probate. Revisiting the 4% withdrawal rule is crucial for WestRock employees planning for retirement. Importantly for WestRock employees, Roth IRAs remain exempt from RMDs throughout the owner’s lifetime, making them an attractive option for reducing tax liabilities in retirement. Introduction This Engagement Policy Implementation Statement (‘the Statement’) sets out how, and the extent to which, the Engagement Policy in the Statement of Investment Principles (‘SIP’) produced by the Trustee has been followed during the year to 5 April 2021. Forgot your password? Regulations 2018 and the Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2019 along with guidance published by the Department of Work and Pensions. 100,000+ Countries. Log In WestRock Internal Users. Operations. The Trustee invests the assets of the Plan in a fiduciary arrangement with Mercer Limited (Mercer). Talk to the advisory and planning team about consolidating retirement accounts and discuss your options when planning your retirement. Aug 23, 2023 · "To locate a lost plan, former employees will need any document that has contact information for their old employers," says Jane Smith, a policy analyst at the Pension Rights Center. For decades, Northern Trust has helped pension funds manage risk, achieve investment objectives and optimize portfolio efficiency. Employees, Retirees and Claimants Please call our Call Center at 877-264-9638. PRESS Although The Retirement Group is not affiliated with WestRock, the Pension Center was created to provide WestRock employees with resources which will help you transition into retirement. What Is It? A tenancy by the entirety is a way spouses can own property together. Please direct questions to your Smurfit-Stone contact or our Call Center at 877-264-9638. 40. Reset Your Password Enter your email address and click continue to receive a password reset link. 31, the company disclosed in its 10-K In 2023, the average participant retirement account value for WESTROCK COMPANY 401 (K) RETIREMENT SAVINGS PLAN is $101,992. Mar 4, 2015 · What Pension Plan benefit do WestRock employees get? WestRock Pension Plan, reported anonymously by WestRock employees. If outside of the U. Nov 23, 2020 · WestRock Co. UMR Phone: (877) 849-4084 Nurse Line: (888) 867-4850 www. Q: Who do I call if I have questions? In general, you are a participant in the Plan if you are a full-time, part-time, temporary or seasonal employee at the Covington Mill and are represented by Local 675 of CPU. This should Review benefit options, compare plans and complete enrollment all in one convenient place! ERISA Compliance: WestRock complies with the Employee Retirement Income Security Act (ERISA), ensuring that employees' pension rights are protected. If you have any questions, please Related to WestRock Pension Plan. Forgot your User Name or Password? No account yet? Register here. User Name. L’accès des employés aux systèmes et informations clés est fourni par le biais de l’intranet de notre entreprise : WestRock Connect ! Vous devrez utiliser vos identifiants de réseau d’employés pour accéder au lien WestRock Connect ci-dessous. Dec 6, 2024 · WestRock benefits and perks, including insurance benefits, retirement benefits, and vacation policy. In the event you have enough credits but your earnings record based benefit is less than the spousal benefit, you may be entitled to your benefit plus an additional amount that will match the spousal benefit when added. To begin, please log on by entering either your Username and Password, or if this is your first time visiting the site, please register by clicking the New User link. Consolidated Pension Plan, and certain salaried and non-union hourly employees’ benefit ERISA Compliance: WestRock complies with the Employee Retirement Income Security Act (ERISA), ensuring that employees' pension rights are protected. Essential tax scam awareness for WestRock employees transitioning into retirement. EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc. westrock. investment Regardless of whether you work for WestRock or another large corporation, planning for retirement can be a terrifying proposition. FAQ; Please call our Call Center at 877-264-9638 with additional questions. Forgot Password? RMDs apply to various tax-deferred retirement plans, including 401(k)s, 403(b)s, 457(b) plans, traditional IRAs, and SEP and SIMPLE IRAs. The Trustee invests the assets of the Plan in a fiduciary arrangement with Mercer Limited (“Mercer”). Username EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc. You need a flexible system and dedicated servicing from an experienced leader. Participant Login . Apr 5, 2023 · Regulations 2018 and the Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2019 along with guidance published by the Department of Work and Pensions. Smurfit Westrock is the go-to leader and partner of choice in sustainable packaging . Log in to manage your Empower Retirement account, view investments, and access personalized financial advice. Continents. com, or by ma Apr 18, 2024 · Retirement Plans – Defined Benefit/DB, Defined Contribution/DC, Non-Qualified/NQ; Insurance Companies – Pension Risk Transfer/PRT Annuitants What We Do. Field Group Pension Plan 1. You can locate your Employee ID by clicking "Payroll" and accessing a previous paystub, which lists your Employee ID number. umr. Contact WestRock HR for support. Smurfit Westrock colleagues based in the U. Reported anonymously by WestRock employees. Your beneficiaries want the security of knowing they will receive their payments. SUPPLIERS. This article explores the reasons behind early withdrawals and offers strategies to mitigate their long-term impact on retirement savings. 1875, by emailing a request to hra@uswbenefitfunds. WestRock alleges it has a cause of action to challenge the Board’s action under two sections of the Employee Retirement Income Security Act (ERISA). WestRock Contact Our Contact Us page is designed to help get you to the information and forms that will get you the assistance you need as quickly as possible. Taking a distribution from a tax-qualified retirement plan, such as a 401(k), prior to age 59 ½ is generally subject to a 10 percent early WestRock employees: Navigate transitions with ease using our guide. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”). and Canada, inquiries can be made at 503-597-7694. defined benefit plans of both companies were already merged on July 2 into the WestRock Co. 6. It's a task best completed in stages, and knowing when and how to gather the information and assets required to have a successful and relaxing retirement is often difficult without assistance. The WestRock Benefits Center can help with additional questions you may have as you navigate the retirement process . Third Party Advice on Retirement for WestRock Employees. Although The Retirement Group is not affiliated with WestRock, the Retirement Center was created to provide WestRock retirees with resources which will help them reach their retirement goals. Information regarding the lump-sum payout may or may not apply to specific employees based on factors such as mergers, acquisitions, years of service, age, or the date an employee was hired. Take some time to review . UHC Choice Plan Phone: (877) 370-5361 Nurse Line: Call number on back of the UHC ID card TAX INFORMATION IMPORTANT HEALTH COVERAGE TAX DOCUMENTS Responsible individuals may receive a copy of their Form 1095-B (Health Coverage) by calling our Fund Office at 800. Learn how WestRock retirees can balance withdrawals and sustain their savings. Management Pension Fund (Fund) , is challenging an action taken by the Fund’s Board of Trustees (Board). Q: Who can request assistance from the Fund? A: The Fund is designed to help WestRock employees globally. Login. csprdz zlq luepe nfpavrt orw ardtzxo vecb qhugh sho wboad mgv tgatggc kfqk yhfty jyfuec