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Step One
Your future starts today
Plan Information
Start today
Company Contributions
SAFE HARBOR CONTRIBUTIONS l The company will match 100% of your contributions, dollar for dollar, up to 3% of eligible pay, plus 50% of each additional dollar greater than 3% and no more than 5% of eligible pay. l Catch-up contributions are accounted for when calculating employer matching contributions. Eligibility You must complete 2 month(s) of service Entry Date(s) The first day of any month. Vesting You are immediately 100% vested in the company’s non-discretionary contributions to the plan. MATCHING CONTRIBUTIONS l The company will make a non-discretionary matching contribution of 100% of the first 2% of compensation that l If you are not employed on the last day of the plan year you will be eligible to receive matching contributions, regardless of your service hours. l Catch-up contributions are accounted for when calculating employer matching contributions. Eligibility You must complete 2 month(s) of service. Entry Date(s) The first day of any month. Vesting The company’s contributions are vested as follows: Years of Service* Percent Vested Upon completion of 2 years 20% Upon completion of 3 years 40% Upon completion of 4 years 60% Upon completion of 5 years 80% Upon completion of 6 years 100% * A year of service for vesting credit for company contributions is based either on completion of 1,000 hours of service or elapsed time. If the plan uses elapsed time, credit is given regardless of the number of hours worked in a designated twelve-month-period. Please see the plan's summary plan description for more information on how service is calculated. you contribute to the plan. The company matching contribution will not exceed 2% of your eligible compensation.
Your future starts today Planning and saving appropriately are the keys to living well in retirement. By reviewing this workbook and completing the exercises provided, you have taken a major step toward the financial future you deserve. If you are not yet enrolled in your plan, simply read the instructions and complete the forms found at the front of this workbook. If you already participate in your employer-sponsored retirement plan, take this opportunity to review your current investment portfolio allocation and consider increasing your contributions. Plan Information Your Contributions l You can save from 1% to 90% of your eligible compensation before you pay taxes on that money, not to exceed Internal Revenue Code limits. l Federal Tax Law limits the before-tax contributions to $19,000 in 2019. Eligibility You must complete 2 month(s) of service. Entry Date(s) The first day of any month. Catch-Up Contributions If you are 50 or older, you may qualify to make additional before-tax “catch-up” contributions. Federal catch-up contribution limit is $6,000 for 2019. Frequency of Contribution Changes You may increase or decrease your contribution to the plan each payroll period. You may also stop making contributions at any time. Rollovers You may roll over your plan account balance from a prior qualified retirement plan at any time. Vesting Your contributions are automatically 100% vested. Your rollover contributions are 100% vested.
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