The Insurance Department provides new employee orientations and sign ups, loan processing, hardship withdrawals (if eligible), reviews and submits monthly contributions and loan payments to the Administrator. Provides forms to employees for changes in investment mix, and/or transfers, or changes in contributions and/or investment mix. Gathers information for preparation and filing of the annual 5500 tax form to the Internal Revenue Service. Reviews and distributes employee's quarterly reports. Monitors and reviews auditors’ reports of the plan for each plan year-end.
The Hoopa Valley Tribal Council offers to their eligible employees a
401(k) plan. In accordance with the Personnel Policy of the Hoopa Valley Tribe, Regular and/or Seasonal Full-Time Employees are able to contribute to the retirement plan effective the first day of the month following successful completion of the 90 day introductory period. Employees must be at least 18 years of age and have completed 3 months of service with the Hoopa Valley Tribe to participate. The Hoopa Valley Tribe will match 100% of the first 3.5% of pay the employee contributes to the plan through salary deferral.









      Sign up at www.principal.com, or click on the principal logo
               below to access your account information online.


Principal Financial Group - Login Instructions

Personal Accounts

When logging into your personal account, you will be able to access your 401(k) retirement plan online.

Personal Accounts: First time logging in?

You can establish you username and password online. Here's what you can expect:

• Enter your Social Security Number and an Account/Contract 
  Number. (Employees of the Hoopa Valley Tribal Council will need to
  use
Contract Number: 4-12421.)

• Provide a few personal details so your identity can be verified. 

• Enter the username and password you want to use to access your 
  personal account(s).

Personal Accounts: Forgot your username or password?

• If you forgot your username, you can find out what it is online. 
  You'll provide some personal information that will help to verify your
  identity. Once your identity has been verified, you will be shown
  your username.

• If you forgot your password, you can reset it online. You'll provide
  your username and answer some questions. Once your identity has
  been verified, you can reset your password and login.

Still need help with personal accounts?
Call the Principal Financial Group:  1.800.547.7754

 


Three Steps on How to Help Save for a
Debt-Free Retirement


Are you worried about getting a handle on debt as you near retirement? In addition to adding to your cost of living, excess debt during your working years can keep you from setting aside enough retirement funds to nurture your nest egg. Here are some ideas to consider on how to tame debt before it gets the best of you.


Step 1: Live within your means
Used responsibly, debt can let you enjoy a better lifestyle and provide for your family. But when your monthly loan payments start to consume funds that you should be directing towards retirement, you are likely living beyond your means.
Take a close look at how you choose to use debt. Consider options that let you pay cash or borrow less (like buying an older car, for example), then the money you would have put toward loan payments can be contributed into a retirement account.
If these approaches aren't enough, consider increasing your income by taking on extra work or seeking a higher paying job. These aren't necessarily enjoyable options, but they can help you avoid debt that will threaten to derail your retirement.

Step 2: Manage the debt you have
Most of us have a number of loans of various sizes and rates of interest — up to 30 percent for some credit card debt. The good news is that you may be able to reduce your monthly payments using a few simple strategies:
Shop for loans. Don't assume the car dealer (or appliance store) is offering the best rate. You may do better by comparing loans from several sources. Having a loan preapproved may even allow you to negotiate a lower price on a big-ticket item like a car.
Consolidate your loans. Keep an eye on interest rates. If they fall, you may be able to combine several loans into a single, larger loan with a lower interest rate.
Pay off loans early. If your savings account is paying 0.5 percent interest and your credit card is charging 14 percent, it may make sense to consider using savings, if you can, to pay off the credit card.

Step 3: Use savvy savings strategies
Successful savers know that one of the best ways to grow your retirement savings is to make a plan for regular contributions to savings and retirement accounts. Here are some ways to consider making savings work for you today and tomorrow:
• Use different accounts for short-term and long-term goals and pay into these accounts using direct deposit from your paycheck if possible.
• Sign up for automatic contributions into your employer's retirement plan. Then contribute the maximum needed to receive the full employer match if one is offered.
• Set up a Roth IRA, a retirement account that can provide you with tax-free income when you retire.
• Review your retirement savings rate at age 50. The IRS allows "catch-up" contributions to IRA's and other retirement plans to allow you to save (and deduct) more.

By following these three strategies, you'll soon find that there's almost no sacrifice needed to make your near-term goals and long-range dreams come true. But if you do ever start to feel that you're depriving yourself of something you want to buy, take a few minutes and browse your savings and retirement accounts to see just how quickly they've grown.