How to Get a Coastal Transportation Employees Profit Sharing & 401(k) Plan Refund

• Employee Identification Number (EIN): Have your unique EIN ready as this is necessary to identify your account.
• Account Statement: Gather your latest account statement to verify your contributions and transactions related to the Profit Sharing & 401(k) Plan.
• Transaction Details: Note down any specific transaction IDs related to the contributions you wish to refund.
• Withdrawal Request Form: Complete the necessary withdrawal request form, which can typically be found on the nwpsbenefits.com website.
• Proof of Employment: Provide documentation that shows your employment status and eligibility to request a refund.
• Tax Information: Gather your tax identification number as part of the reporting requirements for any distributions.
• Contact Information: Ensure that your current contact information is up to date, including email and phone number.
• Supporting Documents: Include any additional documents that may support your refund request, such as correspondence with your employer regarding the 401(k) plan.
• Reason for Refund: Prepare a brief statement explaining the reason for your refund request, as this may be required by Coastal Transportation.

*Working days are Monday to Friday, and don't include public holidays.

Members of the Coastal Transportation Employees Profit Sharing & 401(k) Plan have certain rights regarding their contributions and can inquire about eligibility for refunds under specific circumstances. The plan is designed to support employees' retirement savings through profit sharing and contributions, and while refunds are not a common feature of this type of financial service, there are particular scenarios under which a member might engage with their account for adjustments or clarifications.

The following situations could be relevant to members and may qualify for a refund or adjustment:

• Over-contributions: If a member discovers that the total contributions to their 401(k) exceed the annual limits set by IRS regulations, they might be eligible for a distribution of the excess amount.
• Plan Termination: In the event that the Coastal Transportation Employees Profit Sharing & 401(k) Plan is terminated, participants may have options for withdrawing their vested account balances.
• In-Plan Roth Conversions: If a member wishes to convert their traditional contributions to Roth contributions and this transaction does not align with their expectations or needs, they could inquire about managing their account balance accordingly.
• Withdrawal Requests: Members may request distributions due to qualifying events such as financial hardship or retirement, and if these requests are not executed as intended, they might explore options for adjustment.
• Benefit Adjustments: If members feel that their profit-sharing distributions do not accurately reflect their entitled amount based on company performance, they are encouraged to seek clarification regarding their calculations and possible rectifications.

At Coastal Transportation Employees Profit Sharing & 401(k) Plan, users often seek refunds for various legitimate reasons related to their account management and plan settings. Here are some realistic scenarios where users successfully claimed refunds:

• Overpayment for Contribution Changes: A member recently adjusted their contribution percentage but noticed a discrepancy in their recent paycheck. After reaching out to customer service, they clarified the new contribution was set incorrectly, leading to a refund for the difference in overpaid contributions.
• Termination of Services: An employee decided to switch to another retirement plan provider and contacted Coastal Transportation to ensure their account closure was processed. They received a refund for the annual fee charged in error after the termination date was confirmed.
• Adjustment of Fund Choices: A member switched their investment choices but found that they were charged fees for old funds that were supposed to be retired. After providing correct documentation of their changes, the user successfully requested a refund for those fees.
• Reinstatement of Benefits: An employee who returned to service after a leave of absence found discrepancies in their pension contribution records. After contacting support and providing proof of employment, they were granted a refund on excess contributions withheld during their leave.

Tracking your refund status for the Coastal Transportation Employees Profit Sharing & 401(k) Plan is streamlined to ensure you remain informed throughout the process. Here are some efficient methods to check your refund status:

• Email Notifications: Stay alert for emails from nwpsbenefits.com regarding your refund status. These emails will include important updates and any actions required on your part.
• Account Dashboard: Log in to your account on nwpsbenefits.com and navigate to your Account Dashboard. Here, you will find a dedicated section for tracking refund statuses, listing all recent transactions and their current states.
• Mobile App Notifications: If you utilize the Coastal Transportation mobile app, enable push notifications to receive timely updates about your refunds directly to your device.
• Order History: Check the Order History section in your account. This area retains a history of all transactions, including initiated refunds, which you can expand to view detailed statuses.
• Billing Section Details: Within the Billing Section of your account, you can see the current status of your refund, along with estimated processing times and any relevant notes from the processing team.
• Customer Support: If you encounter any discrepancies or need further clarification regarding your refund status, reach out to customer support through the contact options provided on the website or within the mobile app.