PLAN DETAILS
City of Somerville 457(b)
Access important information, forms, and resources for your City of Somerville 457(b) retirement plan.
Request Investment Provider Information
For those interested in learning more about your investment options, the Investment Providers below have confirmed that they will respond to your request for additional information.
Select each of the Investment Providers by whom you wish to be contacted, supply your contact information and click “Submit”.
By clicking submit you agree to U.S. OMNI & TSACG providing your contact information to the selected Investment Providers.
Online Salary Reduction Agreement
City of Somerville 457(b) allows employees to utilize the Online Salary Reduction Agreement (SRA) system to initiate or modify contributions to their voluntary retirement plans. The online system streamlines the process and helps ensure contribution changes are submitted efficiently and accurately.
Participating Investment Providers
Click Icons for Details: 
Online Enrollment Available 
Agent Contact Information Available 
Additional Information Available Upon Request
| Investment Provider Name | 457(b) Plan | Enroll Online | Agent Info | Request Info | Phone Number | |
|---|---|---|---|---|---|---|
| PreTax | Roth | |||||
| Empower Retirement (formerly Great West Life & Annuity Ins Co) | 457(b)  | 457(b) Roth | Online Enrollment | Agent Contact | Request Information | (800) 537-2033 |
| Equitable Vision | 457(b) | 457(b) Roth | Online Enrollment | Agent Contact | Request Information | (888) 234-5152 |
| Nationwide Insurance Company | 457(b) | 457(b) Roth | Online Enrollment | Agent Contact | Request Information | (800) 848-6331 |
| Empower Retirement (formerly Great West Life & Annuity Ins Co) (800) 537-2033 | |||||||
|---|---|---|---|---|---|---|---|
| 457(b) Plan | Enroll Online | Agent Info | Request Info | ||||
| PreTax | Roth | ||||||
| | | |||||
| Equitable Vision (888) 234-5152 | |||||||
|---|---|---|---|---|---|---|---|
| 457(b) Plan | Enroll Online | Agent Info | Request Info | ||||
| PreTax | Roth | ||||||
| | | |||||
| Nationwide Insurance Company (800) 848-6331 | |||||||
|---|---|---|---|---|---|---|---|
| 457(b) Plan | Enroll Online | Agent Info | Request Info | ||||
| PreTax | Roth | ||||||
| | | |||||
Employer Point Of Contact
93 Highland Avenue
Somerville, MA 02143
Forms
Grandfathered Providers
The following Investment Providers are no longer authorized to establish new accounts for this plan. Employees currently contributing to one of these Investment Providers may continue their contributions without interruption.
457(b) Plan Features
Contract Exchanges
A change of investment within a plan
Available. Please note that a new investment provider must be participating in your Employer's 457(b) plan (see list above).
Distributions
I.e. Separation from Service, Attainment of 59 ½ years of age, Permanent Disability, or Death
Available for qualified applicants.
Final Three Year Catch-Up
Not Available.
Loans
Available for qualified applicants.
Rollover Contributions
A contribution of a distribution from another plan (i.e. 401(k), 457, IRA)
Available.
Transfers Into Plan
A transfer of assets from one employer's plan to another
Available.
Transfers Out of Plan
A transfer of assets from one employer's plan to another
Available.
Unforeseeable Emergency Distributions
Available for qualified applicants.