Retirement Savings Plan
Loans The Plan is intended to help you put aside money for your retirement. However, your employer has included a Plan feature that lets you borrow money from the Plan. The amount the Plan may loan to you is limited by rules under the tax law. In general, all loans will be limited to the lesser of one-half of your vested account balance or $50,000.
Employer Contributions to the Plan The Plan also provides for your employer to make contributions. • Employer Matching Contributions •
Your employer may make contributions that are based on the amount of employee pre-tax contributions that you elect to contribute. • These matching contributions will be equal to 25% of your contributions up to 3% of compensation.
• Employer Non-Elective Contributions •
The employer may make a discretionary contribution in an amount to be determined each plan year.
Vesting Vesting refers to your “ownership” of a benefit from the Plan. You are always 100% vested in your Plan contributions and you r rollover contributions, plus any earnings they generate. Employer Contributions are vested as follows:
Years of Service
Vesting Percentage
Less than 1
0%
1 2 3 4
20% 40% 60% 80%
5+
100%
Investing Plan Contributions The Plan is intended to be an ERISA Section 404(c) plan. This simply means that you “exercise control” over some or all of th e investments in your Plan account. The fiduciaries of the Plan may be relieved of liability, or responsibility, for any losses that you may experience as a direct result of your investment decisions. As a plan participant, you may request additional investment information from your Plan Representative. Account Information You will receive a personalized account statement quarterly. The statement shows your account balance as well as any contributions and earnings credited to your account during the reporting period.
You will also have access to an automated voice response system designed to give you current information about your Plan account. You can get up-to-date information about your account balance, contributions, investment choices, and other Plan data.
Participant Voice Response System: 844-999-2677
Retirement Plan Website: www.benefitsforyou.com Participant Service Center Email: RetiremenServiceCenter@BenefitsfForYou.com Plan ID: 701846
Investment Professional
Plan Administrator
Gene Melamud Raymond James & Associates (727)-584-8615 Gene.Melamud@raymondjames.com
Kelly Curington Sr. Vice President, Human Resources (813)-367-4046 kcurington@flaquarium.org
Summary of Plan Description The above highlights are only a brief overview of the Plan’s features and are not a legally binding document. You will also receive a Summary Plan Description (SPD) that contains more information. If there are discrepancies between the Plan Highlights and the Summary Plan Description and the Plan Document, the Plan Document will govern. Please read it carefully and contact your Plan Representative if you have any further questions.
The Plan Sponsor reserves the right to amend, modify or terminate this Plan at any time at its sole discretion.
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