enrollment guide turning dreams into reality

Transcription

1 enrollment guide turning drems in relity Cross River Bnk 401(k) Pln

2 notes

3 welcome Cross River Bnk 885 Teneck Rd Teneck, NJ (201) Welcome Cross River Bnk 401(k) Pln. Ech us hs different ide on how live in retirement, but one thing we ll hve in common tht we will need money turn our drem in relity. Tht s where Cross River Bnk 401(k) Pln cn help. Th employee benefit vilble help build me finncilly secure retirement. Here re just some fetures included in pln: Invest in wide rnge fixed nd vrible options Reduce txes currently py Dely pying txes on ny investment ernings in ccount In th booklet, will find inmtion bout pln including: Contct inmtion plces nd people who cn help nswer questions Fms enrollment, rollover nd beneficiry designtion ms Highlights nd inmtion specific pln It imptnt regter on pln s secure website. To regter, follow steps under Mnge Your Online Account on Suppt pge tht follows. Once regtered online, ll find lods inmtion tht will help mke educted decions bout prticipting in retirement pln. Th imptnt inmtion includes: Investment Permnce review hricl returns investment options in pln under Permnce tb Retirement Rediness found under Eductionl Tools tb, th section helps figure out how much should im sve retirement continued 1

4 RetireFocus dcover welth inmtion bout ll stges retirement under Eductionl Tools tb You ll find me inmtion bout Cross River Bnk 401(k) Pln in rest th book. If hve questions bout how pln wks, plese contct Elliot Rothschild, pln dmintrr t (201) / erothschild@crossriverbnk.com. F me inmtion on how pln's investment options relte specific sitution, contct Mohe Miller t (718) / mohe.miller@tlben.com. Thnk nd gin, welcome pln, nd best whes on journey nd through retirement. 2

5 suppt internet emil telephone There re severl wys monir retirement pln. Begin by regtering online be ble see up---minute inmtion bout ccount. See Step 1 regtrtion instructions. Additionl emil nd phone contcts cn be found below s well. MANAGE YOUR ACCOUNT ONLINE Step 1: Regter Online Log on merits.com:» In upper right cner, choose Account Access, n» Select Retirement Plns, followed by» Pln Prticipnt Login, ccess ccount. Choose Regter Now» Red through User Agreement nd Accept/Decline Complete Regtrtion:» When sked Contrct/Certificte/Pln Number, look on bck cover th enrollment book, in lower-right-hnd cner... tht s where ll find it. Click Submit complete regtrtion nd rrive t Account Login. Enter new User ID nd Psswd rech Service Centrl pge. Click on Contrct Number ccess nd mnge ccount. Step 2: Become Frequent User Vit site ten ccess inmtion nd complete requests like lloction chnges, fund trnsfers, sttements, reblncing, trnsction hry, etc. Red relevnt fcts nd ccess vrious ols help mke inmed decions. Vit:» Resources lern wht fees re chrged pln» Permnce review hricl returns investments in pln» Eductionl Tools ll sts inmtion bout sving retirement like how much sve emil Emil us t rpcontct@merits.com ACCESS OUR VOICE RESPONSE SYSTEM Step 1: Dil (800) Step 2: At menu, press 1 nd follow prompts. CUSTOMER SERVICE Cll (800) spek with helpful representtive. RP1610 Acct Suppt rev 10/16 3

6 personl ttention Cll Amerits finncil pressionl guidnce in mnging retirement nd finncil ffirs. Finncil Pressionl Nme: Mohe Miller Phone: (718) Emil: 4

7 177136EnrollmentFm 1311 Cross River Bnk 401(k) Pln ENROLLMENT FORM Instructions - Follow steps below complete m. (Plese print.) Step 1: Purpose Fm Plese check ll boxes tht pply: New Enrollment Contribution Chnge Investment Chnge Dcontinue Contributions Step 2: Personl Inmtion Nme (Lst) Nme (First) Nme (MI) Socil Security Number Address City Stte ZIP Dte Hire Dte Birth Dte Prticiption (optionl) Emil Address (All electronic ccount sttements will be delivered emil ddress lted.) Step 3: Contribution Election Elective Deferrls P lese note my invest ll in bee-tx ccount n fter-tx (Roth 401(k)) ccount, OR, my divide c ontributions between bee-tx ccount nd Roth 401(k) ccount. The tl both ccounts cnnot exceed pln limits. I elect contribute % $ compenstion per py period 401(k) ccounts - bee-tx nd Roth 401(k) : $18,500) on bee-tx bs. (Mximum clendr yer limit ll I elect contribute % $ compenstion per py period Roth 401(k). (Mximum clendr yer limit ll 401(k) ccounts - bee-tx nd Roth 401(k) : $18,500) I elect not mke elective deferrls until wit until next vilble entry dte. Step 4: Investment Election Y our investment election will be effective , Birminghm, AL I f no investment election received re received pri ccding provion pln contrct, s pproprite. furr notice. I understnd tht if I do not prticipte now, dcontinue prticiption, I must s soon s dmintrtively possible fter receipt th m by Amerits Life Insurnce Cp., PO Box investment election, will be directed Imptnt Inmtion. Plese red crefully. T h investment direction will only pply received fter submit th m nd i t received by Amerits. If wh rellocte entire current ccount blnce, plese select Account Reblnce t end th step. All future mde th pln, including rollover, will be invested using percentges selected. O ption 1: Trget Retirement Funds. These ptfolios re designed invest solely in one option tht most clerly mtches pproximte retirement timeline. 100% Vngurd Trget Retirement Income 100% Vngurd Trget Retirement % Vngurd Trget Retirement % Vngurd Trget Retirement % Vngurd Trget Retirement % Vngurd Trget Retirement % Vngurd Trget Retirement % Vngurd Trget Retirement % Vngurd Trget Retirement % Vngurd Trget Retirement % Vngurd Trget Retirement 2060 If select ny one Trget Retirement Funds bove, plese skip lst step - Signture. R P 1066 Enrollment rev C ontrct:

8 177136EnrollmentFm Option 2: Your Cusmized Investment Options. - (Must be in whole percentge increments nd dd up 100%.) T rget Dte Lrge Blend % Vngurd Trget Retirement Income, Invesr Shres % Vngurd 500 Index, Admirl Shres % Vngurd Trget Retirement 2015, Invesr Shres % Vngurd Trget Retirement 2020, Invesr Shres Lrge Growth % Vngurd Trget Retirement 2025, Invesr Shres % Vngurd Growth Index, AdmirlShres % Vngurd Trget Retirement 2030, Invesr Shres % Vngurd Trget Retirement 2035, Invesr Shres Mid-Cp Blend % Vngurd Trget Retirement 2040, Invesr Shres % Vngurd Mid-Cp Index Fund, Admirl Shres % Vngurd Trget Retirement 2045, Invesr Shres % Vngurd Trget Retirement 2050, Invesr Shres Smll Blend % Vngurd Trget Retirement 2055, Invesr Shres % Vngurd Smll Cp Index, Admirl Shres % Vngurd Trget Retirement 2060, Invesr Shres Feign Lrge Blend M oney Mrket - Txble % V ngurd Totl Interntionl Sck Index, % F idelity VIP Government Money Mrket Ptfolio, % A dmirl Shre s % A dmir l Feign Smll/Mid Growth G urnteed % MFS Interntionl New Dcovery, Clss R3 % Gurnteed Investment Account Diversified Emerging Mkts I ntermedite-term Bond % V ngurd Emerging Mrkets Sck Index Fund, % Vngurd Totl Bond Mrket Index, Admirl Shres % A dmirl Shre s H igh Yield Bond Rel Estte % Vngurd High-Yield Cpte Fund, Admirl Shres % Vngurd REIT Index, Admirl Shres L rge Vlue Nturl Resources % Vngurd Vlue Index, AdmirlShres % Dreyfus Nturl Resources, Clss I 100% Totl B y checking box below, I m uthizing umtic ptfolio reblncing. I understnd th option will remin in effect until I notify Amerits Life Insurnce Cp. we. Aumtic Ptfolio Reblncing qurterly bsed on clendr end dte Aumtic Ptfolio Reblncing seminnully bsed on clendr end dte Aumtic Ptfolio Reblncing nnully bsed on clendr end dte Account Reblnce B y checking th box, I selected on th m. P LEASE NOTE: Your ptfolio will be reblnced PO Box , Birminghm, AL m uthizing one-time ccount reblnce my exting ccount blnce ccding investment lloctions s soon s dmintrtively possible fter receipt th m by Amerits Life Insurnce Cp., Step 5: Signture (Plese sign below nd return th completed m Employer.) N OTE: To help ensure receive ccurte repts tht reflect crect investment plese review ll repts regulrly nd rept ny dcrepncy us immeditely. mde pln on behlf, P rticipnt's Signture S ocil Security Number Dte R P 1066 Enrollment rev C ontrct:

9 Unless specific stte lnguge noted below, following generl frud notice pplies. FRAUD NOTICE Any person who, with intent defrud knowing tht he fcilitting frud ginst n insurer, submits n ppliction files clim contining flse deceptive sttement, guilty insurnce frud. AR RESIDENTS Any person who knowingly presents flse frudulent clim pyment loss benefit knowingly presents flse inmtion in n ppliction insurnce guilty crime nd my be subject fines nd confinement in pron. CA RESIDENTS Any person who, with intent defrud knowing tht he fcilitting frud ginst n insurer, submits n ppliction files clim contining flse deceptive sttement my be guilty insurnce frud if convicted such chrges in court lw. CO RESIDENTS It unlwful knowingly provide flse, incomplete, mleding fcts inmtion n insurnce compny purpose defruding ttempting defrud compny. Penlties my include impronment, fines, denil insurnce, nd civil dmges. Any insurnce compny gent n insurnce compny who knowingly provides flse, incomplete, mleding fcts inmtion policyholder climnt purpose defruding ttempting defrud policyholder climnt with regrd settlement wrd pyble from insurnce proceeds shll be repted Coldo Divion Insurnce within Deprtment Regulry Agencies. DC, KY AND PA RESIDENTS Any person who knowingly nd with intent defrud ny insurnce compny person files n ppliction insurnce sttement clim contining ny mterilly flse inmtion concels purpose mleding, inmtion concerning ny fct mteril re, commits frudulent insurnce ct, which crime nd subjects such person criminl nd civil penlties. The generl frud notice stted bove does not pply DC Pennsylvni residents. FL RESIDENTS Any person who knowingly nd with intent injure, defrud deceive ny insurer, files sttement clim ny ppliction contining ny flse, incomplete, mleding inmtion guilty felony third degree. GA, KS, MD, NE, OR AND WY RESIDENTS Any person who, with intent defrud knowing tht he fcilitting frud ginst n insurer, submits n ppliction files clim contining flse deceptive sttement my be guilty insurnce frud. LA RESIDENTS Any person who knowingly presents flse frudulent clim pyment loss benefit knowingly presents flse inmtion in n ppliction insurnce guilty crime nd my be subject fines nd confinement in pron. ME AND TN RESIDENTS It crime knowingly provide flse, incomplete, mleding inmtion n insurnce compny purpose defruding compny. Penlties my include impronment, fines, denil insurnce benefits. NJ RESIDENTS Any person who includes ny flse mleding inmtion on n ppliction n insurnce policy subject civil nd criminl penlties. NM RESIDENTS Any person who knowingly presents flse frudulent clim pyment loss benefit knowingly presents flse inmtion in n ppliction insurnce guilty crime nd my be subject civil fines nd criminl penlties. OK RESIDENTS Any person who knowingly, nd with intent injure, defrud deceive ny insurer, mkes ny clim proceeds n insurnce policy contining ny flse, incomplete mleding inmtion guilty felony. TX RESIDENTS Any person who mkes n intentionl msttement tht mteril rk my be found guilty insurnce frud by court lw. VA RESIDENTS Any person who, with intent defrud knowing tht he fcilitting frud ginst n insurer, submits n ppliction files clim contining flse deceptive sttement my hve violted stte lw. VT RESIDENTS Any person who knowingly, nd with intent injure, defrud deceive ny insurnce compny, files sttement clim contining ny flse, incomplete mleding inmtion my be subject criminl civil penlties. WA RESIDENTS Any person who knowingly presents fke frudulent clim pyment loss knowingly mkes fke sttement in n ppliction insurnce my be guilty criminl fense under stte lw. RP / Frud Lnguge Ed

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11 177136BeneficiryFm 1021 Cross River Bnk 401(k) Pln BENEFICIARY DESIGNATION FORM Th m llows designte beneficiry(ies) who will receive Pln ssets in event die with blnces remining in Pln ccount(s). Th m does not become effective until it filed with Pln Admintrr. Th designtion revokes ny pri beneficiry designtions th Pln. Prt 1: Your Inmtion Nme (Lst) Nme (First) Nme (MI) Socil Security Number Address City Stte ZIP Dte Hire Dte Birth Mritl Sttus Dte Prticiption (optionl) Emil Address (if vilble) Prt 2: Beneficiry Designtion Nme beneficiry(ies) nd percent would like mke pyble ech. Percentges must tl 100% in ech beneficiry ctegy (primry nd secondry). If percentges do not tl 100%, ny remining ption will be divided eqully mong surviving beneficiry(ies) in relevnt ctegy. If no percentges re indicted, beneficiries will shre eqully. Generlly, beneficiry cn be n individul, estte, trust. The following beneficiry(ies) entitled receive ssets my Pln ccount(s) in event my deth. PRIMARY BENEFICIARIES, if living t deth: Nme Socil Security Number Reltionship Dte Birth Address City Stte ZIP % Assets (in whole numbers) Nme Socil Security Number Reltionship Dte Birth Address City Stte ZIP % Assets (in whole numbers) SECONDARY BENEFICIARIES, if no primry beneficiries re living t my deth: Nme Socil Security Number Reltionship Dte Birth Primry Totl 100% Address City Stte ZIP % Assets (in whole numbers) Nme Socil Security Number Reltionship Dte Birth Address City Stte ZIP % Assets (in whole numbers) 9 SECONDARY Totl 100% Prt 3: Spousl Consent If re mrried nd hve not nmed spouse receive 100% Pln ssets, spouse must indicte h her consent by signing th m in presence notry public Pln representtive. If less thn 100% Pln ssets hve been left me s primry beneficiry, I consent beneficiry(ies) indicted in Prt 2. In ddition, recognizing tht I hve right limit my consent specific m benefits (such s lump-sum dtribution instllment pyments over period time), I relinquh tht right ny m benefits tht my be elected under Pln. Spouse s Signture: Dte: Pln Representtive s Signture: Dte: Or Notry Public s Signture: Prt 4: Prticipnt s Authiztion The Pln prticipnt s signture required. Dte: Dte Commsion Expires: Prticipnt s Signture: Dte: RP 1067 Beneficiry Ed 7-08 BeneficiryFmPDFSplitterMrker C ontrct:

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13 177136RolloverFm Rollovers LET US HELP YOU GET IT TOGETHER Your employer s qulified retirement pln gret benefit, but only if tke dvntge it. Rollovers llow consolidte retirement ssets from multiple ccounts just one nd re n imptnt step wrd turning drems in relity. Benefits consolidting retirement ssets in qulified retirement pln include: One esy--red prticipnt sttement just imgine, no me hssles trcking multiple sttements! As direct rollover in qulified retirement pln ccount should not incur IRS penlties, since generlly, money not considered txble income until it withdrwn s csh pyment. A tem experienced finncil pressionls continully evlutes permnce funds fered under our products. Our Rollover Asstnce Progrm vilble help complete rollover request. How it Wks: Complete Qulified Rollover Request m (on reverse side th pge) nd submit it Rollover Asstnce Progrm. Th llows rollover specilt sst with rollover nd trck its sttus. Ask pri employer IRA finncil institution dtribution ms. Mny finncil institutions require tht complete ir ms request rollover. If complete pperwk elect direct rollover in qulified pln with check mde pyble : Amerits Life Insurnce Cp Retirement Plns Divion FBO Your Nme Contrct # ** PO Box Birminghm, AL **Your current employer s contrct number (locted in lower right cner Qulified Rollover Request m on reverse side) should be referenced on rollover check. A Rollover Specilt cn sst with rollover nd nswer ny questions. Cll (800) emil: rollover@merits.com me inmtion. Your completed Qulified Rollover Request m cn be returned by mil PO Box , Birminghm, AL , fxed (402) returned by emil rollover@merits.com 11

14 Cross River Bnk 401(k) Pln RolloverFm 1037 QUALIFIED ROLLOVER REQUEST FORM Step 1: Personl Inmtion Nme (Lst) Nme (First) Nme (MI) Socil Security Number Address City Stte ZIP Dytime Phone Number Dte Birth Emil Address (if vilble) Step 2: Pri Finncil Institution Nme Account Number Telephone Number Address City Stte ZIP Step 3: Eligible Plns F purposes th m, Qulified Pln mens qulified pension, prit shring, 401(k), governmentl 401() sck bonus pln. Section 403(b) Pln mens tx- sheltered nnuity under IRS code section 403(b). IRA mens n Individul Retirement Account/Annuity nd SEP mens Simplified Employee Pension Pln. Governmentl 457(b) Pln mens 457(b) deferred compenstion pln sponsed by stte locl government entity. Plese check type pln tht re rolling over from: o Qulified Retirement Pln o Trditionl IRA SEP o Governmentl 457(b) Pln o 403(b) tx sheltered nnuity o Simple IRA Origintion Dte (Eligible only fter 2 yrs enrollment in SIMPLE IRA) o I elect trnsfer 100% my current blnce my qulified retirement pln ccount. The rollover ssumed be pre-tx dtribution unless specified below: Amount Roth After-Tx Contributions (i.e., bs) $ Amount non-roth After-Tx Contributions (i.e., bs) $ Amount Ernings on Roth After-Tx $ Yer 1st Roth After-Tx Contribution ws mde If hve not selected investment lloctions retirement ccount, funds will be pplied pln s defult selection. To choose investment lloctions plese contct employer. Step 4: Request Rollover from Pri Finncil Institution Contct finncil institution tht currently holds retirement funds request rollover nd determine ny dditionl trnsfer requirements. Instruct m complete rollover check s follows: The check must be mde pyble : Amerits Life Insurnce Cp. Retirement Plns Divion FBO ( nme) Contrct # PO Box Birminghm, AL If finncil institution sends check plese mil th completed m with check. If hve questions would like sstnce in contcting finncil institution obtin rollover funds, plese cll our Prticipnt Contct Center t By completing nd signing th m, I understnd tht I m irrevocbly designting mount rollover s rollover contribution. I lso certify tht th mount qulified rollover tretment, s it meets rollover rules lted bove. All rollover contribution mounts will be llocted ccding current investment lloction percentges in effect t time rollover contribution received. If vlid investment selection not on file, rollover contribution will be invested in defult ccount selected by pln. I understnd th rollover contribution will become prt my qulified pln ccount blnce nd subject rules nd terms pln. I understnd tht I must provide fter-tx bs inmtion, if pplicble, regrding my rollover. If th inmtion not provided, I understnd ll rollover will be treted s pre-tx dollrs. Due numerous restrictions nd imptnt tx consequences relted rollovers, I understnd tht it dvble confer with my trney tx dv pri inititing such trnsction. I understnd tht once th rollover mde, it irrevocble. I understnd tht my present finncil institution my ssess penlties erly investment withdrwl. I will ssume full responsibility ny dverse consequences relting th rollover contribution, nd I gree tht Amerits Life Insurnce Cp. (Amerits) shll in no wy be responsible those consequences. I, undersigned, request nd direct present finncil institution nmed bove liquidte nd trnsfer in csh ssets bove ccount Amerits. By signing below, I uthize Amerits dcuss rollover my ccount t finncil institution referenced in step 2 th m my pln t Amerits. Prticipnt s Signture: Dte: Amerits grees ccept funds from bove referenced ccount s direct rollover qulified retirement pln. C ontrct: RP 1069 Rollover (ALIC&MEP) rev

15 ighlights H nd Enrollment Eligibility pln? in prticipte eligible re Which employees pln. in prticipte eligible re employees All prticipte? minimum requirements re Are requirement(s): following met hve who employees open Prticiption n pl by defined s service months 6 Completion r olde 21 ge Attined join? I When my months tenth nd seventh fourth, first, dy first on join my employees ligible E yer. pln Employee Contributions pln? contribute How much cn I The IRS. by mximum llowed up contribute cn deduction, pyroll hrough T yers. future indexed 2018, $18,500 limit dollr ctch-up? 401(k) pln fer Does re pln, deferrl mximum llowble mke nd older 50 ge re f I mximum ctch-up The contribution. ctch-up dditionl n contribute ntitled e dmintrr pln See yers. future indexed 2018, $6,000 ontribution c detils. me re ctch-up ny pply lso my mtching mployer E conditions. nd terms sme subject pln, mke llowed nd 401(k) trditionl between nd differences similrities re ht W contribution? Roth 401(k) fter-tx Roth nd bee-tx trditionl both mke bility fers pln our Y potentilly cn nd bs bee-tx on mde re 401(k) Trditionl eferrls. d t txed re ernings nd when withdrwn, until deferred row tx g giving contribution, Roth now on txes py contrst, In rte. tx income rdinry o completing By retirement. in income tx-free egg nest ccumulte bility ou y on bsed py from deducted be will m provided, enrollment he t election. deferrl fter-tx Roth nd/ bee-tx Plese book. th in inmtion 401(k) Roth refer plese inmtion, dditionl F bee-tx trditionl both deferrl employee combined tht ote n stndrd ($18,500 IRS by set limits nnul exceed cnnot fter-tx Roth nd/ ctch-up $6,000 dditionl n nd deferrl mployee e yers). future indexed 2018, 401(k) Roth nd bee-tx both on mde be will mtching mployer E tht on ernings nd deferrls 401(k) Roth upon bsed mde mtch Any eferrls. d withdrwl. upon tx income subject be will mtch eligibility nd t enrollmen PLAN HIGHLIGHTS Pln Bnk 401(k) River Cross PlnHighlights 77136Contrct_ ln Highlights 13

16 llowed? future chnges When re t pln contributing re mount decrese increse my ou Y period. pyroll ech beginning time. ny t employee dcontinue my You Hrb Sfe Contributions pln include? my does Hrb Sfe employer type Wht 100% mtch bsic on bsed contribution mtching Hrb Sfe includes pln our Y deferrl slry 50% plus compenstion, 3% first up deferrl lry s compenstion. 2% next up yer. pln mtching Hrb determining Sfe period The contribution? Hrb Sfe employer th receives Who contribution. Hrb Sfe from benefit my prticipnts eligible All Rollovers ccepted? rollovers Are time ny t so do my You pln. retirement employer s in ccepted re rollovers es, Y Why lern book enrollment bck Refer below. rules ccding m. complete n nd Much Sense So Mke Rollovers regrdless pln, th in money roll my employees clss non-excluded eligible ll A requirements. eligibility pln s met hve wher ccounts: retirement qulified following from received be my Rollovers s Pln Qulified Vesting vesting? Wht contribution employer s own employee n tkes it time mount esting V contribution employer s ownership) cquires ( vests employee The pln. o t employer. by set schedule vesting ccding pln ccount? retirement vested in my become I How do ny plus ccount, rollover nd employee in 100% vested lwys re ou Y generte. y ernings ccount. hrb sfe employer in vested fully nd immeditely re You Ages Retirement pln? ccding ge retirement considered nml Wht 5th (2) 65 ge (1) lter be ge retirement nml considers pln he T pln. joined dte nniversry eligibility nd t enrollmen PLAN HIGHLIGHTS Pln Bnk 401(k) River Cross PlnHighlights 77136Contrct_

17 Pln Retirement Your Access ccount? my out money tke Cn I F retirement. prepre help plns retirement estblhed government federl he T dtributions. nd withdrwls regrding restrictions certin re re reson, ht t out money tking implictions long-term svings nd tx consider emember R ccount. pln retirement employed? still while ccount from my withdrw money I My ½ 59 ge ttinment t withdrw money my You d crete need finncil immedite n hve if withdrw money eligible be my ou Y A need. tht meet resources vilble resonbly lck nd hrdship severe y b include: my regultions, by defined s hrdship, dependents expenses medicl Pyment residence principl Purchse nd fees eductionl post-secondry relted nd tuition Pyment dependents residence principl on eclosure mtgge eviction Prevention expenses buril funerl Pyment lw limits tx within residence, principl repirs qulifying Pyment detils me Description Pln Summry consult dmintrr pln ontct C ccount from dtribution hrdship receive eligibility on e Ag Retirement Nml ttinment upon withdrw money my You 100% vested. re tht sources from money dtribution hrdship tke only cn You pln ccount? retirement from my brow money I My s ccount from brow money my below, noted circumstnces certin nder U follows: r o blnce ccount vested prticipnt s 50% up lon tke my prticipnt A less whichever $50,000, e tim ny t outstnding lon(s) 1 hve my prticipnt A 1%. + prime be will lon prticipnt rte interest The well s regultions, its nd Code Revenue Internl by governed re pln under ons L be should policy bout questions Specific pln. specific policy lon s dmintrr. pln ddressed minimum lon mount? re Is $1000. mount minimum lon The lon? prticipnt ssocited with fees re Are $75. fee processing There $99. fee mintennce nnul n There ccount? my investments direct I Do ccount. in investments ll directs prticipnt Yes, eligibility nd t enrollmen PLAN HIGHLIGHTS Pln Bnk 401(k) River Cross PlnHighlights 77136Contrct_

18 reblncing? umtic Wht investments lloction sset returns reblncing ptfolio umtic A nd dvntges Consider ptfolio. selected tht percentges riginl o right tht nnul seminnul qurterly, schedule umtic elect s sitution. personl Inmtion Additionl Sttement ERISA Section 404(c) Employee 404(c) with Section comply designed Pln 401(k) Bnk River ross C pln in Prticipnts mended. s (ERISA) 1974 Security Act Income etirement R me one ccount directing by ccounts investment own ir nge m be will prticipnt, pln As pln. by provided lterntives investment f o libility relieved be my fiduciries Pln decions. investment own esponsible r by mde decions ttributed be cn tht ccount in losses ny f beneficiry(ies). investment pln s bout inmtion specific receive my request, t A ny copies nd expenses operting nnul description including lterntives, prospectuses. contct: plese mterils, se ny request To Rothschild Elliot Rd Teneck NJ Teneck, (201) overview n provide intended book section Highlights Pln The ote: N Pln Summry refer inmtion, detiled me F document. legl not It ln. p pln from one request plese document, th copy hve not do If escription. D Description Pln Summry highlights pln th in inmtion If dmintrr. govern. shll document pln requirements, pln with inconstent eligibility nd t enrollmen PLAN HIGHLIGHTS Pln Bnk 401(k) River Cross PlnHighlights 77136Contrct_

19 Ech trget dte ptfolio fers one-step lloction no need mix nd mtch it with investment options diversify. PICK ONE AND YOU RE ON YOUR WAY TARGET DATE PORTFOLIOS It s esiest wy choose diversified ptfolio funds tht trgeted retirement. You simply choose trget dte ptfolio most closely mtched yer in which pln retire. Ech ptfolio ssumes retirement ge 65 s guideline so pick one tht will fll closest 65th birthdy. If retirement dte hve in mind flls between two trget dte ptfolios, choosing one with erlier dte my expose less rk/rewrd potentil, while one with lter dte my invest me ggressively, giving greter potentil rk nd rewrd. Of course, trget dte funds, even if y shre sme trget dte, exmple 2030, my hve very different investment strtegies nd rks. They do not gurntee tht will hve sufficient retirement income t trget dte, nd cn lose money. Trget dte funds do not eliminte need decide, bee investing nd from time time refter, wher fund fits finncil sitution. Even if pln retire in 2030, my decide, bsed on investment objectives, lernce rk, nd ssets, tht 2020, 2040, trget dte fund me pproprite. Or my decide tht don t wnt invest in trget dte fund. The inmtion below should show me bout how se funds my help meet investment needs. A complete retirement ptfolio in one fund An investment option with trget dte in mind, ech ptfolio one-step option tht mkes it esy invest retirement. Every trget dte ptfolio pressionlly mnged nd umticlly djusts sset lloction s trget dte drws ner. Th pproch investing my be right if feel don t hve time experience select nd keep trck own ptfolio investments. Some dditionl dvntges investing in trget dte ptfolio re: Ech one-step ptfolio no need mix nd mtch it with investments. Pressionlly mnged diversifiction included in ech ptfolio, which my help reduce impct mrket s ups-nd-downs. (Keep in mind tht diversifiction cnnot ssure prit protect ginst loss.) A ption ech trget dte ptfolio invested in scks help retirement ccount sty hed infltion. Aumtic reblncing (mintining iginl mix scks, bonds nd csh investments) helps keep iginl sset lloction on trck. Competitive expenses nd no dditionl costs sset lloction nd ptfolio mngement men me money wks. GenTD rev. 9/16 Ech trget dte ptfolio mde up mix different investments scks nd bonds, both domestic nd eign. Alloctions re ctively mnged shift me conservtive mix s retirement dte pproches. Just look t chrt t p next pge see vriety investment ctegies tht ech ptfolio cn const, providing with diversifiction re looking in one investment option. 17

20 PICK ONE AND YOU RE ON YOUR WAY TARGET DATE PORTFOLIOS ARRAY OF INVESTMENTS IN A TARGET DATE PORTFOLIO* ASSET CLASS CATEGORY Equities Lrge Cp Blend Lrge-Cp Growth Lrge-Cp Vlue Mid-Cp Growth Mid-Cp Vlue Smll-Cp Blend Smll-Cp Vlue Smll-Cp Growth Interntionl Growth Interntionl Vlue Interntionl Blend Fixed Income Domestic Bonds High-Yield Bonds Sht-Term Income Sht-Term Bond Csh By investing in mny underlying funds, ptfolios hve prtil exposure rks mny different res mrket, including possible loss principl. Alloctions djust over time, umticlly The furr wy retirement lies, me ggressive cn be with investments. As dte drws nerer, ptfolio should shift me conservtive mix. As chrt below shows, investments in trget dte ptfolio re ctively mnged nd chnge over time. Even fter retirement, mix continues chnge provide n dequte rk/return blnce throughout retirement. PORTFOLIO INVESTMENT ADJUSTMENT 100% Sht-Term Fixed Income 80% Fixed Income 60% 40% Equities 20% 0% Yers To Retirement Yers Pst Retirement enrollment: steps: Knowing when nd how mke se djustments chllenge won t hve wry bout when choose trget dte ptfolio. PICK ONE AND YOU RE ON YOUR WAY 1. Choose trget dte ptfolio tht fits prile. 2. Indicte investment choice on Enrollment Fm. 3. Complete personl inmtion on Enrollment Fm nd return it (long with Beneficiry nd Rollover ms, if pplicble) Pln Admintrr. * Plese note: The rry investments s well s ptfolio investment djustment will vry bsed on investment philosophy prticulr trget dte fund fmily. 18

21 77136RothIRA Roth ROTH 401(k) A Roth 401(k) n option hve when sving in retirement pln. Up th point, we ve been tlking bout contributing pre-tx money in 401(k) pln. The mount contribute retirement pln not txed. You py txes on nd ernings when withdrw m, in retirement. The opposite true Roth 401(k). With Roth contribute money ve lredy pid txes on fter-tx. Ernings in Roth ccount grow tx-deferred AND when retire DON T py income txes when tke qulified withdrwl from ccount. And yes, it perfectly cceptble plce some contribution in Roth ccount nd reminder in trditionl 401(k) ccount so tht cn drw ption money in retirement tx-free. Mny 401(k) prticipnts hve considered doing so. Here re some similrities nd differences between Roth nd trditionl 401(k): ITEM ROTH 401(k) TRADITIONAL 401(k) Contributions in ccount After-tx Bee-tx Retirement dtributions Free from federl tx if occur five Txed s dinry income tken from ccount tx yers fter 1 st Roth contribution in yer tken. AND fter prticipnt eir: Reches ge 59½ Dies Becomes dbled Required Minimum Required. However Roth 401(k) Required. Dtributions (RMDs) cn be rolled over Roth IRA pri RMD eliminte th requirement. Level income No No limits prticiption Contribution limit $18,500 Limit in 2017 $18,500 Limit in 2017 $6,000 Additionl $6,000 Additionl llowed if over ge 50 llowed if over ge 50 There s lot consider when determining if Roth 401(k) my be right in sitution. You my welcome dvice trusted finncil pressionl s ssess th option in reltion overll finncil gols retirement. ROTH

22 Th pge intentionlly left blnk. 20

23 notes

24 Amerits Life Insurnce Cp. Retirement Plns Divion 5900 O Street Lincoln, NE merits.com Th inmtion provided by Amerits, which mrketing nme subsidiries Amerits Mutul Holding Compny, including, but not limited : Amerits Life Insurnce Cp., 5900 O Street, Lincoln, NE 68510; Amerits Life Insurnce Cp. New Yk, (licensed in New Yk) 1350 Brodwy, Suite 2201, New Yk, NY 10018; nd Amerits Investment Cp., member FINRA/SIPC. Ech compny solely responsible its own finncil condition nd contrctul obligtions. F me inmtion bout Amerits, vit merits.com. Amerits nd bon design re regtered service mrks Amerits Life Insurnce Cp. Fulfilling life regtered service mrk ffilite Amerits Holding Compny Amerits Mutul Holding Compny RP 1630 Ed 10/16 CONTRACT: /13/17. -