As a Caterpillar executive, navigating your retirement benefits can be complex. Our checklist is designed to guide you in gathering essential financial documents needed for your Financial Planning Analysis. Additionally, the checklist includes several "action items" to address in the months leading up to your retirement. We also encourage you to review the official Caterpillar Retirement Guide and retirement checklist available on your internal portal. If needed, we can provide a copy of this guide upon request.
This first section, Benefits Information, outlines specific details required for your complimentary Financial Planning Analysis. With these details, we can work with you to create a plan that is customized to suit your needs and those of your family.
Benefits Information
Pension Forms Payment Information
Please provide the various payment options associated with your pension plan, including the Traditional Pension, Traditional Pension with 55% Pop-up, and Non-Qualified Pension. This should include single life, joint life, and term-specific payment options for you and your spouse. For assistance, this information is available on the CAT Total Rewards website under Pension Forms of Payment at CatBenefitsCenter.com or by calling (877) 228-4010.
Caterpillar 401(k) and EIP1
We’ll need a recent 401(k) statement outlining after-tax contributions, including the legacy EIP1 Plan and any Roth 401(k) contributions, along with any loan details and current Caterpillar Fund status. You can access this information via the CAT Total Rewards portal at CatBenefitsCenter.com or by calling (877) 228-4010.
Additionally, we will need statements for SEIP, DEIP, and SDCP plans showing balances, contributions, and distribution elections. Be aware that changes to your distribution elections may incur fines. You can find these details at www.mullintbg.com.
Equity Compensation Statement
Please provide an equity compensation summary from www.etrade.com, showing details for your non-qualified (NQ) stock options, stock appreciation rights (SAR), and restricted stock units (RSU).
Medical/Healthcare Coverage
For those under age 65, information on healthcare options can be found at CatBenefitsCenter.com or through the Caterpillar Benefits Center. If you are over age 65, please contact Via Benefits at my.viabenefits.com/Caterpillar. We recommend consulting the Caterpillar Retirement Guide for full information on medical coverage. Contact the Caterpillar Benefits Center at 877-228-4010 or Via Benefits at 866-766-6087 for more assistance.
Life Insurance and Group Variable Universal Life Insurance
Please send a statement for all current life insurance policies. As retirement approaches, we will help you assess your insurance needs. Life insurance needs often shift over time, and our review process will help ensure your insurance aligns with your current goals. For CAT Group Variable coverage, visit www.metlife.com/mybenefits or call 888-228-1811.
Social Security Benefits
To assist with Social Security planning, we can perform further analyses and scenarios to help determine the ideal timing for filing. Please provide detailed statements for yourself and your spouse from www.SSA.gov.
