SUMMARY PLAN DESCRIPTION. for the. Bud Mahas Construction, Inc. 401(k) Profit Sharing Plan and Trust. Effective September 1, 2012

Size: px
Start display at page:

Download "SUMMARY PLAN DESCRIPTION. for the. Bud Mahas Construction, Inc. 401(k) Profit Sharing Plan and Trust. Effective September 1, 2012"

Transcription

1 SUMMARY PLAN DESCRIPTION for the Bud Mahas Construction, Inc. 401(k) Profit Sharing Plan and Trust Effective September 1, 2012

2 TABLE OF CONTENTS (1) General (2) Identification of Plan... 1 (3) Type of Plan (4) Plan Administrator (5) Trustee/Trust Fund (6) Hours of Service (7) Eligibility to Participate (8) Employer's Contributions (9) Employee Contributions (10) Vesting in Employer Contributions (11) Payment of Benefits After Termination of Employment (12) Payment of Benefits Prior to Termination of Employment (13) Disability Benefits (14) Payment of Benefits upon Death (15) Disqualification of Participant Status - Loss or Denial of Benefits (16) Qualified Domestic Relations Order (QDRO) Procedure (17) Claims Procedure (18) Retired Participant, Separated Participant with Vested Benefit, Beneficiary Receiving Benefits (19) Participant's Rights under ERISA (20) Federal Income Taxation of Benefits Paid (21) Participant Loans (22) Participant Direction of Investment (23) Administrative Charges to a Participant s Account i

3 SUMMARY PLAN DESCRIPTION (1) General. The legal name, address and Federal employer identification number of the Employer are - Bud Mahas Construction, Inc. EIN: P.O. Box Duluth Avenue Salt Lake City, UT The Employer has established a retirement plan ("Plan") to supplement your income upon retirement. In addition to retirement benefits, the Plan may provide benefits in the event of your death or disability or in the event of your termination of employment prior to normal retirement. If after reading this summary you have any questions, please ask the Plan Administrator. We emphasize this summary plan description is a highlight of the more important provisions of the Plan. If there is a conflict between a statement in this summary plan description and in the Plan, the terms of the Plan control. (2) Identification of Plan. The Plan is known as - Bud Mahas Construction, Inc. 401(k) Profit Sharing Plan and Trust The Employer has assigned 001 as the Plan identification number. The plan year is the period on which the Plan maintains its records: September 1 through August 31. (3) Type of Plan. The Plan is commonly known as a 401(k) profit sharing plan. Section (8), "Employer's Contributions," explains how you share in the Employer's annual contributions to the trust fund and the extent to which the Employer has an obligation to make annual contributions to the trust fund. Under this Plan, there is no fixed dollar amount of retirement benefits. Your actual retirement benefit will depend on the amount of your account balance at the time of retirement. Your account balance will reflect the annual allocations, the period of time you participate in the Plan and the success of the Plan in investing and reinvesting the assets of the trust fund. Furthermore, a governmental agency known as the Pension Benefit Guaranty Corporation (PBGC) insures the benefits payable under plans which provide for fixed and determinable retirement benefits. The Plan does not provide a fixed and determinable retirement benefit. Therefore, the PBGC does not include this Plan within its insurance program. (4) Plan Administrator. The Employer is the Plan Administrator. The Employer's telephone number is (801) The Employer has designated Steven Mahas to assist the Employer with the duties of Plan Administrator. You may contact Steven Mahas at the Employer's address. The Plan Administrator is responsible for providing you and other participants information regarding 1

4 your rights and benefits under the Plan. The Plan Administrator also has the primary authority for filing the various reports, forms and returns with the Department of Labor and the Internal Revenue Service. The name of the person designated as agent for service of legal process and the address where a processor may serve legal process upon the Plan are - Steven M. Mahas Bud Mahas Construction, Inc. P.O. Box Duluth Avenue Salt Lake City, UT A legal processor may also serve the Trustee of the Plan or the Plan Administrator. The Plan permits the Employer to appoint an Advisory Committee to assist in the administration of the Plan. The Advisory Committee has the responsibility for making all discretionary determinations under the Plan and for giving distribution directions to the Trustee. If the Employer does not appoint an Advisory Committee, the Employer assumes these responsibilities. The members of the Advisory Committee may change from time to time. You may obtain the names of the current members of the Advisory Committee from the Employer. (5) Trustee/Trust Fund. The Employer has appointed Steven M. Mahas c/o Bud Mahas Construction, Inc. David A. Mahas P.O. Box Duluth Avenue Salt Lake City, UT to hold the office of Trustee. The Trustee will hold all amounts the Employer contributes to it in a trust fund. Upon the direction of the Advisory Committee, the Trustee will make all distribution and benefit payments from the trust fund to participants and beneficiaries. The Trustee will maintain trust fund records on a plan year basis. (6) Hours of Service. The Plan and this summary plan description include references to hours of service. To become eligible to participate in the Plan, to advance on the vesting schedule or to share in the allocation of Employer contributions for a plan year, the Plan requires you to complete a minimum number of hours of service during a specified period. The sections covering eligibility to participate, vesting and employer contributions explain this aspect of the Plan in the context of those topics. However, hour of service has the same meaning for all purposes of the Plan. The Department of Labor, in its regulations, has prescribed various methods under which the Employer may credit hours of service. The Employer has selected the "actual" method for crediting hours of service. Under the actual method, you will receive credit for each hour for which the Employer pays you, directly or indirectly, or for which you are entitled to payment, for the 2

5 performance of your employment duties. You also will receive credit for certain hours during which you do not work if the Employer pays you for those hours, such as paid vacation. If an employee's absence from employment is due to maternity or paternity leave, the employee will receive credit for unpaid hours of service related to his leave, not to exceed 501 hours. The Advisory Committee will credit these hours of service to the first period during which the employee otherwise would incur a 1-year break in service as a result of the unpaid absence. In addition, if your absence is due to qualified military service, the Advisory Committee will credit you with hours of service in accordance with the Uniformed Services Employment and Re-employment Rights Act ( USERRA ). Military Service. If you are a veteran and are reemployed under the Uniformed Services Employment and Reemployment Rights Act of 1994, your qualified military service may be considered service with the Employer. There may also be benefits for employees who die or become disabled while on active duty. Employees who receive wage continuation payments while in the military may benefit from law changes effective in If you think you may be affected by these rules, ask the Plan Administrator for further details. (7) Eligibility to Participate. You do not have to complete any form for entry into the Plan to become a Participant, an employee will become a Participant on the September 1 coincident with or immediately following your date of hire. Reemployed employee. If you terminate employment after becoming a Participant in the Plan and later return to employment, you will re-enter the Plan on your re-employment date. Also, if you terminate employment after satisfying the Plan's eligibility conditions but before actually becoming a participant in the Plan, you will become a participant in the Plan on the later of your scheduled entry date or your reemployment date. Excluded Employees. The Plan specifically excludes the following individuals from participation in the Plan: (a) (b) (c) (d) all employees working in a classification of employees covered by a collective bargaining agreement, all leased employees as defined in the Plan regardless of any reclassification or attempted reclassification by the Employer, Internal Revenue Service, court of law or other governing authority, and all independent contractors regardless of any reclassification or attempted reclassification by the Employer, Internal Revenue Service, court of law or other governing authority. All nonresident aliens who do not receive any earned income from the Employer which constitutes United States income. 3

6 If by reason of this exclusion, you should become ineligible to participate in the Plan, you may not receive an allocation of the Employer's contribution during the period of your exclusion, but during this period your account balance will continue to share in trust fund earnings or losses. (8) Employer's Contributions. 401(k) Arrangement. This Plan includes a "401(k) arrangement," under which you may elect to have the employer contribute a portion of your Compensation to the Plan. The contributions the Employer makes under your election are "elective deferrals." The Advisory Committee will allocate your elective deferrals to a separate account designated by the Plan as your Deferral Contributions Account. References to elective deferrals mean both pre-tax deferrals and Roth 401(k) deferrals. Deferral Contributions. As a participant in the Plan, you may enter into a salary reduction agreement with the Employer. The Advisory Committee will give you a salary reduction agreement form which will explain your salary reduction options. The Employer will withhold from your pay the amount you have agreed to have the Employer contribute as elective deferrals. Deferral Changes. Your salary reduction agreement remains in effect until you revoke the agreement. You may revoke your salary reduction agreement as of the first day of any payroll period. If you revoke your salary reduction agreement, you may file a new agreement with an effective date as of any subsequent payroll period. You may increase or decrease your salary reduction percentage or dollar amount as of any payroll period. Your salary reduction contributions may not exceed the maximum amount permitted annually by the Code, the IRS and the limitations set forth below. Deferral Limit. For any calendar year, your elective deferrals may not exceed a specific dollar amount as determined by the Internal Revenue Service. For example, for calendar year 2012, the maximum dollar amount is $17,000. This amount is indexed to increase in increments of $500 as published by the IRS. If your elective deferrals for a particular calendar year exceed the dollar limitation in effect for that calendar year, the Plan will refund the excess amount, plus any earnings (or loss) allocated to that excess amount. If you participate in another "401(k) arrangement" or in similar arrangements under which you elect to have an employer contribute on your behalf, your total elective deferrals may not exceed the dollar limitation in effect for that calendar year. The Form W-2 you receive from each employer for the calendar year will report the amount of your elective deferrals for that calendar year under that employer's plan. If your total exceeds the dollar limitation in effect for that calendar year you should decide which plan you wish to designate as the plan with the excess amount. If you designate this Plan as holding the excess amount for a calendar year, you must notify the Advisory Committee of that designation by March 1 of the following calendar year. The Trustee then will distribute the excess amount to you, plus earnings (or loss) allocated to that excess amount. Ability to make Roth 401(k) Deferrals. The Plan includes Roth 401(k) deferrals. The Roth 401(k) deferrals, and in most cases earnings, will not be taxed when you take a Plan distribution. You will be able to make deferrals (these are pre-tax deferrals and are referred to as Pre-tax 401(k) deferrals), or you may make the new Roth 401(k) deferral or a combination. The elective deferral 4

7 limits above apply to pre-tax, Roth 401(k) or any combination of these deferrals. If you make a Pretax 401(k) deferral, then your taxable income is reduced by the deferral contribution so you pay less in federal income taxes. Later, when the Plan distributes the deferrals and earnings, you will pay the taxes on those deferrals and the earnings. Therefore, with a Pre-tax 401(k) deferral, federal income taxes on the deferral contributions and on the earnings are only postponed. Eventually, you will have to pay taxes on these amounts. With a Roth 401(k) deferral, you must pay current income tax on the deferral contribution. If you elect to make Roth 401(k) deferrals, the deferrals are subject to federal income taxes in the year of deferral, but the deferrals and, in most cases, the earnings on the deferrals are not subject to federal income taxes when distributed to you. For the earnings to be distributed tax-free, there must be a qualified distribution from your Roth 401(k) deferral account. To be a qualified distribution, the distribution must occur after one of the following: (1) your attainment of age 59½, (2) your disability, or (3) your death. In addition, the distribution must occur after the expiration of a 5-year participation period. The 5-year participation period is the 5-year period beginning on the calendar year in which you first make a Roth 401(k) contribution to our Plan (or to another 401(k) Plan or 403(b) plan if such amount was rolled over into our Plan) and ending on the last day of the calendar year that is 5 years later. For example, if you make your first Roth deferral under this Plan on November 30, 2012, your participation period will end on December 31, It is not necessary that you make a Roth contribution in each of the five years. If a distribution from your Roth 401(k) deferral account is not a qualified distribution, the earnings distributed with the Roth 401(k) deferrals will be taxable to you at the time of distribution (unless you roll over the distribution to a Roth IRA or other 401(k) plan or 403(b) plan that will accept the rollover). In addition, in some cases, there may be a 10% excise tax on the earnings that are distributed. Whenever you receive a distribution, the Administrator will deliver to you a more detailed explanation of your options. However, the tax rules are very complex and you should consult with qualified tax counsel before making a choice. Special 401(k) Catch-up Contributions. Each participant who is eligible to make 401(k) elective deferrals under the Plan, and who has attained age 50 before the close of the Plan Year, is eligible to make catch-up contributions in accordance with special limitations announced annually by the IRS. These special catch-up contributions are in addition to the maximum dollar limitations described above and are currently $5,500 in As an example, assume that you are an eligible participant and defer $17,000 into your 401(k) account during the 2012 Calendar Year. Assume also that you are age 50 as of September 1, 2012, and desire to make an additional $5,500 catch-up contribution under the provisions of this paragraph. Your total 401(k) deposits for 2012 would be $22,500 (which is permissible notwithstanding the limitations described above). You will always be 100% vested in any catch-up contributions you make to the Plan, and such contributions will be subject to the ordinary rules regarding 401(k) contributions with respect to deductibility from your current income and subject to employment taxes as would be the case for your ordinary 401(k) deposits. 5

8 Distributions of these amounts will occur in the same manner as your 401(k) deferrals made under the Plan. Safe-Harbor Matching Contributions. In accordance with the Notice issued by your Employer, the Plan is intended to satisfy the safe-harbor matching contribution rules under the Internal Revenue Code. Under this provision, your Employer will contribute matching contributions on a dollar-for-dollar basis on your 401(k) salary deferrals up to 4% of your Compensation. As an example, assume that you earn $30,000 in Compensation for the 2013 Plan Year. Assume also that you elect to defer $3,000 or 10% of your Compensation into the Plan. Your Employer will provide you with a matching contribution of $1,200 (a $1,200 match on the first $1,200 of 401(k) deferrals). You will always be 100% vested in the safe-harbor matching contributions your Employer makes to the Plan. However, these contributions may not be withdrawn until you separate from service. Hardship is not an event that will allow you to withdraw your safe-harbor matching contributions under the Plan. Catch-up contributions are eligible for matching contributions. Employer's Discretionary Profit Sharing contributions. Each plan year, the Employer may make profit sharing contributions to the Plan in the amount determined by the Employer at its discretion. The Employer may choose not to make profit sharing contributions to the Plan for a particular plan year. For each plan year the Employer makes profit sharing contributions to the Plan, the Advisory Committee will allocate this contribution to the separate accounts maintained for participants. The Advisory Committee will base your allocation upon your proportionate share of the total Compensation paid during that plan year to all participants in the Plan. For example, if your Compensation for that plan year is 10% of the total Compensation for all participants for that particular plan year, the Advisory Committee will allocate 10% of the total Employer contribution for the plan year to your separate account. Qualified nonelective contributions. The Plan permits the Employer to contribute a discretionary amount for a plan year which the Employer will designate as qualified nonelective contributions. If the Employer makes qualified nonelective contributions for a plan year, the Advisory Committee will allocate those contributions to the separate accounts of those participants who are eligible for an allocation for the plan year but who are not highly compensated employees for that plan year. The law defines highly compensated employees to include most owners and employees whose Compensation for the plan year exceeds certain dollar limitations prescribed by the Internal Revenue Service. The Advisory Committee will base a participant's allocation of qualified nonelective contributions upon the participant's share of the total Compensation paid during that plan year to all participants eligible for the allocation. For example, if your Compensation for a particular plan year equals 10% of total Compensation for all participants eligible for the allocation, the Advisory Committee would allocate 10% of the total qualified nonelective contributions to your Qualified Nonelective Contributions Account. 6

9 Rollover contributions. A participant or an eligible employee, prior to becoming a participant, may make a rollover contribution to the Plan with the Employer s written approval. The Advisory Committee will allocate a rollover contribution to the participant s Rollover Contributions Account. Allocation of forfeitures. The Plan allocates participant forfeitures as if the forfeitures were Employer contributions for the plan year in which the forfeiture occurs. Compensation. The Plan defines compensation as the total compensation paid to the employee for services rendered to the Employer, including elective deferrals, but excluding reimbursements or other expense allowances, fringe benefits (cash and noncash), moving expenses, deferred compensation and welfare benefits. With limited exceptions, the Plan includes an employee's Compensation only for the part of the plan year in which he actually is a participant. Conditions for allocation. With limited exceptions, to be entitled to an allocation of Employer contributions, you must be employed by the Employer on the last day of the plan year. The employment condition for allocation does not apply to allocations of deferral contributions or safe harbor matching contributions. Top-Heavy. The contribution allocations described in this Section (8) may vary for certain employees if the Plan is top heavy. Generally, the Plan is top heavy if more than 60% of the Plan's assets are allocated to the accounts of key employees (certain owners and officers). If the Plan is top heavy, any participant who is not a key employee and who is employed on the last day of the plan year, may not receive a contribution allocation which is less than a certain minimum. Usually that minimum is 3%, but if the contribution allocation for the plan year is less than 3% for all the key employees, the top heavy minimum is the smaller allocation rate. If you are a participant in the Plan, your allocation described in this Section (8) in most cases will be equal to or greater than the top heavy minimum contribution allocation. The Plan also may vary the definition of the top heavy minimum contribution to take into account another plan maintained by the Employer. Limit on Annual Additions. The law limits the amount of "additions" (other than trust earnings) which the Plan may allocate to your account under the Plan. Your additions may never exceed 100% of your compensation (as defined by the Tax Code) for a particular plan year, but may be less if 100% of your compensation exceeds a dollar amount announced by the Internal Revenue Service each year. The Plan may need to reduce this limitation if you participate (or have participated) in any other plans maintained by the Employer. The discussion of Plan allocations in this Section (8) is subject to this limitation. (9) Employee Contributions. The Plan does not permit nor require you to make employee contributions to the trust fund. The only sources of contributions under the Plan are the annual Employer contribution, including the "elective deferrals" made at your election under the 401(k) arrangement described in Section (8). "Elective deferrals" are not "employee contributions" for purposes of the Plan. 7

10 (10) Vesting in Employer Contributions. Your interest in the contributions the Employer makes to the Plan for your benefit becomes 100% vested when you attain normal retirement age (as defined in Section (11)). Prior to normal retirement age, your interest in the contributions the employer makes on your behalf become vested in accordance with the following schedule: Years of Service Percent of Nonforfeitable Interest Less than % % % % % 6 or more % 100% vesting for Deferral Contributions Account. The vesting schedule does not apply to your Deferral Contributions Account described in Section (8). Instead, you are 100% vested at all times in your Deferral Contributions Account. Special Vesting Rules for Safe Harbor Matching Contributions. The vesting schedule does not apply to your Safe Harbor Matching Contributions Account described in Section (8). Instead, you are 100% vested at all times in your Safe Harbor Matching Contributions Account. Special vesting rule for death or disability. If you die or become disabled while still employed by the Employer, your entire Plan interest becomes 100% vested, even if you otherwise would have a vested interest less than 100%. Year of service. To determine your percentage under a vesting schedule, a year of service means a 12-month vesting service period in which you complete at least 1,000 hours of service. The Plan measures the vesting service period as the plan year. If you complete at least 1,000 hours of service during a plan year, you will receive credit for a year of service even though you are not employed by the Employer on the last day of that plan year. You will receive credit for years of service with the Employer prior to the time the Employer established the Plan and for years of service prior to the time you became a participant in the Plan. The Plan provides two methods of vesting forfeiture which may apply before a participant becomes 100% vested in his entire interest under the Plan. The primary method of vesting forfeiture is the "forfeiture break in service" rule. The secondary method of forfeiture is the "cash out" rule. Also see Section (15) relating to loss or denial of benefits. Forfeiture Break in Service Rule. Termination of employment alone will not result in forfeiture under the Plan unless you do not return to employment with the Employer before incurring a "forfeiture break in service." A "forfeiture break in service" is a period of 5 consecutive vesting 8

11 service periods in which you do not work more than 500 hours in each vesting service period comprising the 5 year period. Example. Assume you are 100% vested in your 401(k) and safe-harbor account and 60% vested in your remaining employer account balance. After working 400 hours during a particular vesting service period, you terminate employment and perform no further service for the Employer during the next 4 vesting service periods. Under this example, you would have a "forfeiture break in service" during the fourth vesting service period following the vesting service period in which you terminated employment because you did not work more than 500 hours during each vesting service period of 5 consecutive vesting service periods. Consequently, you would forfeit the 40% nonvested portion of your account. If you had returned to employment with the Employer at any time during the 5 consecutive vesting service periods and worked more than 500 hours during any vesting service period within that 5-year period, you would not incur a forfeiture under the "forfeiture break in service" rule. Cash Out Rule. The cash out rule applies if you terminate employment and receive a total distribution of the vested portion of your account balance before you incur a forfeiture break in service. For example, assume you terminated employment during a particular vesting service period after completing 800 hours of service. Assume further the total value of your fully vested 401(k) and safe-harbor account is $10,000 and your remaining employer account balance is $6,000 in which you have a 60% vested interest. Before you incur a forfeiture break in service, you receive a distribution of the $10, (k) and safe-harbor account and the $3,600 vested portion ($6,000 X 60%) of your employer account balance. Upon payment of the $3,600 vested portion of your employer account balance, you would forfeit the $2,400 nonvested portion. If you return to employment before you incur a "forfeiture break in service," you may have the Plan restore your "cash out" forfeiture by repaying the amount of the distribution you received attributable to Employer contributions. This repayment right applies only if you do not incur a "forfeiture break in service." You must make this repayment no later than the date 5 years after you return to employment with the Employer. Upon your reemployment with the Employer, you may request the Advisory Committee to provide you a full explanation of your rights regarding this repayment option. If the vested portion of your account balance does not exceed $5,000, the Plan will distribute that vested portion to you in a lump sum, without your consent. In determining whether your vested account balance exceeds $5,000, the Plan includes any portion of your account you rolled over to the Plan from another plan or from an IRA, as well as any earnings on the rolled over portion. This summary refers to these rolled over amounts and related earnings as rollover contributions. This involuntary cash-out distribution will result in the forfeiture of your nonvested account balance, in the same manner as an employee who voluntarily elects a cash-out distribution. Also, upon reemployment you would have the same repayment option as an employee who elected a cash-out distribution, if you return to employment before incurring a "forfeiture break in service." If you are 0% vested in your entire interest in the Plan, the Plan will treat you as having received a cash-out distribution of $0. This "distribution" results in a forfeiture of your entire Plan interest. Normally, this forfeiture occurs on the date you terminate employment with the Employer. However, if you are entitled to an allocation of Employer contributions for the plan year in which you terminate employment with the Employer, this forfeiture occurs as of the first day of the next 9

12 plan year. If you return to employment before you incur a forfeiture break in service, the Plan will restore this forfeiture, as if you repaid a cash-out distribution. (11) Payment of Benefits After Termination of Employment. After you terminate employment with the Employer, the time at which the Plan will commence distribution to you and the form of that distribution depends on whether your vested account balance exceeds $5,000 (including any rollover contributions). If you receive a distribution from the Plan before you attain age 59-1/2, the law imposes a 10% penalty on the amount of the distribution you receive to the extent you must include the distribution in your gross income, unless you qualify for an exception from this penalty. You should consult a tax advisor regarding this 10% penalty. This summary makes references to your normal retirement age. Normal retirement age under this Plan is 65. Vested Account Not Exceeding $5,000. If your vested account balance does not exceed $5,000 (including any rollover contributions), the Plan will distribute that portion to you, in a lump sum, on the first distribution date after the date on which you terminate employment with the Employer or as soon as administratively practicable thereafter. If you already have attained normal retirement age when you terminate employment, the Plan must make this distribution no later than the 60th day following the close of the plan year in which your employment terminates, even if the normal distribution date would occur later. The Plan does not permit you to receive distribution in any form other than a lump sum if your vested account balance does not exceed $5,000 (including any rollover contributions). Vested Account Exceeding $5,000. If your vested account balance exceeds $5,000 (including any rollover contributions), the Plan will commence distribution to you at the time you elect to commence distribution. The Plan permits you to elect distribution as of any distribution date following your termination of employment with the Employer. A "distribution date" under the Plan means each business day of the year. You may not actually receive distribution on the distribution date you elect. The Plan provides the Trustee an administratively reasonable time following a particular distribution date to make actual distribution to a participant. No later than 30 days prior to your earliest possible distribution date, the Advisory Committee will provide you a notice explaining your right to elect distribution from the Plan and the forms necessary to make your election. If you do not make a distribution election, the Plan will commence distribution to you in accordance with minimum distribution rules described below. To determine whether your vested account balance exceeds $5,000 (including any rollover contributions), the Plan normally looks to the last valuation of your account prior to the scheduled distribution date. Required Minimum Distributions. With limited exceptions, you may not commence distribution of your vested account balance later than April 1 of the calendar year following the calendar year in which you attain age 70-1/2, if you have terminated employment with the Employer. This required distribution date overrides any contrary distribution date described in this summary. If the Employer terminates the Plan before you receive complete distribution of your vested benefits, the Plan might make distribution to you before you otherwise would elect distribution. Upon Plan termination, if 10

13 your vested account balance exceeds $5,000 (including any rollover contributions), you will receive an explanation of your distribution rights. Automatic IRA Rollover. If a mandatory distribution is being made to you because your vested interest in the Plan does not exceed $5,000, then the law may require that your distribution be directly rolled over to an IRA. If you do not make an affirmative election to either receive or roll over the distribution, then the Plan must roll over your distribution to an IRA. The IRA provider selected by the Plan will invest the rollover funds in a type of investment designed to preserve principal and provide a reasonable rate of return and liquidity (e.g., an interest-bearing account, a certificate of deposit or a money market fund). The IRA provider will charge your account for any expenses associated with the establishment and maintenance of the IRA and with the IRA investments. You may transfer the IRA funds to any other IRA you choose. You will be provided with details regarding the IRA at the time you are entitled to a distribution. However, you may contact the Plan Administrator at the address and telephone number indicated in this SPD for further information regarding the Plan's automatic rollover provisions, the IRA provider, and the fees and expenses associated with the IRA. Valuation of Account for Distribution. For purposes of making a distribution of any portion of your vested account balance, the Plan refers to the latest valuation of your account balance. The Plan requires valuation of the trust fund, and adjustment of participant's accounts, as of the last day of each Plan Year. The Advisory Committee may also require a valuation on any other date. To the extent that the Trustee invests in daily (or other periodically) priced and/or unitized funds and utilizes a periodically priced record-keeping system, the term valuation date shall mean each business day (or other appropriate period) throughout the Plan Year in which such funds are reported and allocated by the Plan record-keeper. You will not receive any adjustment to your account balance for trust fund earnings after the latest valuation date. In general, the Plan allocates trust fund earnings, gains or losses for a valuation period on the basis of each participant s opening account balance at the beginning of the valuation period, less any distributions and charges to each participant s account during the valuation period. Forms of Benefit Payment. If your vested account balance exceeds $5,000 (including any rollover contributions), the Plan permits you to elect distribution under any one of the following methods: (a) (b) (c) Lump sum. Part lump sum and part installments, as described in (c). Installment payments (annually, quarterly or monthly) over a specified period of time, not exceeding your life expectancy or the joint life expectancy of you and your designated beneficiary. Under an installment distribution, the Advisory Committee may direct to have the Plan segregate the amount owed to you in a separate account apart from other trust fund assets. Your separate account will continue to draw interest during the period the Plan is making retirement payments to you. If 11

14 the Plan does not segregate the amount owed to you in a separate account, your retirement account will remain a part of the trust fund and continue to share in trust fund earnings, gains or losses. The benefit payment rules described in Sections (11) through (14) reflect the current Plan provisions. If an Employer amends its Plan to change benefit payment options, some options may continue for those participants or beneficiaries who have account balances at the time of the change. (12) Payment of Benefits Prior to Termination of Employment. Prior to your termination of employment with the Employer, you may only elect to withdraw all or any portion of your Plan accounts as described below. Once you reach April 1 of the year after the calendar year in which you reach age 70½, you may elect to receive as a distribution from your accounts the amount that would have been required to be paid to you for the year if you had reached your required beginning date even if you are still employed. Starting benefits after age 70½ while still employed by the Company will not prevent continued participation in contributions and allocations. For more information or to make an election, contact the Plan Administrator. If you are under age 70½, you may not withdraw amounts from your accounts (including any rollover account) while you are still employed by the Company. In-Plan Roth Rollover Contributions. If you are eligible for a distribution from a vested account balance other than a designated Roth contribution account, you may elect to roll over the distribution to a designated Roth contribution account in the Plan, as described in this Summary. You may roll over the distribution directly. If you make an In-Plan Roth Rollover Contribution, the contribution will be subject to taxation to the extent the distribution does not represent after-tax dollars. Please refer to the Special Tax Notice you receive in connection with the distribution regarding the tax consequences of an In-Plan Roth Rollover Contribution. Accounts eligible. You may roll over directly to an In-Plan Roth Rollover Account from any other Account you have in the Plan (e.g., elective deferrals, matching contributions, employer profit sharing contributions), provided you meet one of the in-service distribution events described below at the time you elect the In-Plan Roth Rollover. In-service distribution events. Solely for purposes of making an In-Plan Roth Rollover, you may elect an in-service distribution based on the following event(s): [X] [X] [X] Five years of participation and Fully Vested. Applies only to profit sharing. Age 59½. Applies to all accounts. Any Time. Rollover Accounts. Limitations on purpose of in-service distributions. You may elect an in-service distribution as described in the previous paragraph solely for the purpose of making an In-Plan Roth Rollover. In other words, you may not elect an in-service distribution of cash in addition to the distribution 12

15 for which you elect an In-Plan Roth Rollover. Restrictions on subsequent withdrawal. See above for requirements applicable to the subsequent withdrawal of an In-Plan Roth Rollover Contribution. (13) Disability Benefits. If you are no longer employed because of disability, the Plan will pay your vested account balance to you in a lump sum at the same time as it would pay your vested account balance for any other termination of employment. However, if your vested account balance exceeds $5,000 (including any rollover contributions), the disability distribution rules are subject to any election requirements described in Section (11). (14) Payment of Benefits upon Death. If you die prior to receiving all of your benefits under the Plan, the Plan will pay the balance of your account to your beneficiary. If the Employer permits the Trustee to purchase life insurance on your life with a portion of your account balance, your account balance also will receive any life insurance proceeds payable by reason of your death. The Trustee will pay your vested account balances remaining in the Plan at the time of your death to your designated beneficiary. The Advisory Committee will provide you with an appropriate form for naming a beneficiary. If you are married, your spouse must consent to the designation of any nonspouse beneficiary. If your vested account balance payable to your designated beneficiary does not exceed $5,000 (including any rollover contributions), the Plan will pay the benefit, in a lump sum, to your designated beneficiary as soon as administratively practicable after your death. If your vested account balance payable to your designated beneficiary exceeds $5,000 (including any rollover contributions), the Plan will pay the benefit to your designated beneficiary, in the form and at the time elected by the beneficiary, unless, prior to your death, you specify the timing and form of the beneficiary's distribution. The benefit payment election generally must complete distribution of your vested account balance within five years of your death, unless distribution commences within one year of your death to your designated beneficiary or unless benefits had commenced prior to your death under the mandatory post-age 70 1/2 distribution requirements described in Section (11). (15) Disqualification of Participant Status - Loss or Denial of Benefits. There are no specific Plan provisions which disqualify you as a participant or which cause you to lose plan benefits, except as provided in Sections (7) and (10). However, if you become disabled and do not receive Compensation from the Employer, you will not receive an allocation of the Employer's contribution to the Plan during the period of disability. In addition, if your Plan benefits become payable after termination of employment and the Advisory Committee is unable to locate you at your last address of record, you may forfeit your benefits under the Plan. Therefore, it is very important that you keep the Employer apprised of your mailing address even after you have terminated employment. Finally, if the Employer terminates the Plan, which it has the right to do, you would receive benefits under the Plan based on your account balance accumulated to the date of the termination of the Plan. Termination of the Plan could occur before you attain normal retirement age. If the Employer terminates the Plan, your account will become 100% vested, if not already 100% vested, unless you forfeited the nonvested portion prior to the termination date. 13

16 Plan Termination. The termination of the Plan does not permit you to receive a distribution from your account unless: (1) you otherwise have the right to a distribution, as described in Sections (11) and (12); or (2) the Employer does not maintain a successor plan. If you are able to receive a distribution only because the Employer does not maintain a successor plan, you must agree to take that distribution as part of a lump sum payment of your entire account balance under the Plan. The Trustee will transfer to the successor plan any portion of your interest the Plan is unable to distribute to you. Plan Amendment. The Employer may amend the Plan in any manner. If the Employer amends the Plan, you will receive written notice of any amendment the Employer adopts if that amendment affects your benefits under the Plan. The fact that the Employer has established this Plan does not confer any right to future employment with the Employer. Furthermore, you may not assign your interest in the Plan to another person or use your Plan interest as collateral for a loan from a commercial lender. (16) Qualified Domestic Relations Order ( QDRO ) Procedure. Under some circumstances, a qualified domestic relations order ( QDRO ) entered pursuant to a state domestic relations law may direct the Advisory Committee to pay some or all of your vested account balance to a spouse, former spouse, child or other dependent for child support, alimony payments or marital property rights. The Plan has established a procedure for processing QDROs. You may obtain, without charge, a copy of the current procedures for processing QDROs from the Advisory Committee. (17) Claims Procedure. You need not file a formal claim with the Plan Committee in order to receive your benefits under the Plan. When an event occurs which entitles you to a distribution of your benefits under the Plan, the Plan Committee automatically will notify you regarding your distribution rights. Initial Claim. If you believe that you are being denied rights or benefits under the Plan, you may file a claim in writing with the Plan Committee. This will be considered a claim for Plan benefits, and it will be subject to a full and fair review. If your claim is wholly or partially denied, the Plan Committee will furnish you with a written notice of this denial. This written notice must be provided to you within a reasonable period of time (generally 90 days; 180 days if you receive a notice of extension due to special circumstances explained in the notice of extension) after the receipt of your claim by the Plan Committee. If your claim relates to disability benefits under the Plan and disability is determined by a physician, the Plan Committee will provide you with a written notice of denial within 45 days after receipt of your claim (subject to two possible 30 day extensions due to special circumstances explained in the notice of extension). The written notice must contain the following information: (a) (b) the specific reason or reasons for the denial; reference to those specific Plan provisions on which the denial is based; 14

17 (c) (d) (e) a description of any additional information or material necessary to perfect your claim and an explanation of why such material or information is necessary; and a description of the Plan s review (appeal) procedures and the time limits applicable to a review (appeal) and of the right to bring an action in court under ERISA following denial of the appeal; and in the case of a disability claim where disability is determined by a physician: (i) if an internal rule, guideline, protocol, or other similar criterion was relied upon in making the adverse determination, either the specific rule, guideline, protocol, or other similar criterion; or a statement that such rule, guideline, protocol, or other similar criterion was relied upon in making the adverse determination and that a copy of the rule, guideline, protocol, or other similar criterion will be provided to you free of charge upon request, or (ii) if the adverse benefit determination is based on a medical necessity or experimental treatment or similar exclusion or limit, either an explanation of the scientific or clinical judgment for the determination, applying the terms of the Plan to your medical circumstances, or a statement that such explanation will be provided to you free of charge upon request. If notice of the denial of a claim is not furnished to you in accordance with the above within such period, the claim is considered denied and you may use the Plan s rules for appealing the denial. In addition, you will be considered to have exhausted your administrative remedies and you may file an action in court. Appeal of Denied Claim. If your claim has been denied, and you want to appeal your denied claim, you must follow the claims appeal procedure below. (a) (b) (c) (d) YOU MUST FILE WITH THE PLAN COMMITTEE A WRITTEN CLAIM APPEAL NO LATER THAN 60 DAYS AFTER YOU HAVE RECEIVED WRITTEN NOTIFICATION OF THE DENIAL OF YOUR CLAIM FOR BENEFITS, OR IF NO WRITTEN DENIAL OF YOUR CLAIM WAS PROVIDED, NO LATER THAN 60 DAYS AFTER THE DEEMED DENIAL OF YOUR CLAIM. You may submit written comments, documents, records or other information, to the Plan Committee. The Committee s review will take into account all of such submissions without regard to whether such information was submitted or considered in the initial benefit determination. Upon request and free of charge, you will be provided access to and copies of all documents, records and other information relevant to your claim. If your claim is for disability benefits and disability is determined by a physician, then: (i) you will have 180 days after receipt of written notification of the denial of the claim to submit an appeal to the Plan Committee; (ii) the claim will be reviewed 15

18 without deference to the initial adverse benefit determination and the review will be conducted by an appropriate named fiduciary of the Plan who is neither the individual who made the adverse benefit determination that is the subject of the appeal, nor the subordinate of such individual; (iii) in deciding an appeal of any adverse benefit determination that is based in whole or in part on medical judgment, including determinations with regard to whether a particular treatment, drug, or other item is experimental, investigational, or not medically necessary or appropriate, the appropriate named fiduciary will consult with a health care professional who has appropriate training and experience in the field of medicine involved in the medical judgment; (iv) any medical or vocational experts whose advice was obtained on behalf of the Plan in connection with your adverse benefit determination will be identified, without regard to whether the advice was relief upon in make the benefit determination; and (v) the health care professional engaged for purposes of a consultation under (iii) above will be an individual who is neither an individual who was consulted in connection with the adverse benefit determination that is the subject of the appear, nor the subordinate of any such individual. (e) (f) (g) Your claim appeal must be given a full and fair review. If your claim is denied, the Plan Committee must provide you with written notice of this denial within 60 days (45 days in case of a disability claim) after the Plan Committee s receipt of your written claim appeal. There may be times when this 60-day (45 days in case of a disability claim) period may be extended. This extension may only be made, however, when there are special circumstances that are communicated to you in writing within the 60-day (45 days in case of a disability claim) period. If there is an extension, a decision will be made as soon as possible, but not later than 120 days (90 days in the case of a disability claim) after receipt by the Plan Committee of your claim appeal. The Plan Committee s decision on your claim appeal will be communicated to you in writing and will: (i) include specific references to the specific Plan provisions on which the decision was based; (ii) advise you of your right to information under (c) just above (and in the case of a disability claim, of your right to the information described in (e) under Initial Claim ); and (iii) advise you of your right to bring an action under ERISA. If the Plan Committee s decision on Appeal is not furnished to you within the time limitations described above, your claim will be deemed denied on appeal. If you have a claim for benefits which is denied or ignored, in whole or in part, you may file suit in a state or Federal court. (18) Retired Participant, Separated Participant with Vested Benefit, Beneficiary Receiving Benefits. If you are a retired participant or beneficiary receiving benefits, the benefits you presently are receiving will continue in the same amount and for the same period provided in the mode of settlement selected at retirement. If you are a separated participant with a vested benefit, you may 16

SUMMARY PLAN DESCRIPTION. for the. 401(k) Plan and Trust. The Long Companies

SUMMARY PLAN DESCRIPTION. for the. 401(k) Plan and Trust. The Long Companies SUMMARY PLAN DESCRIPTION for the 401(k) Plan and Trust of The Long Companies January 1, 2016 TABLE OF CONTENTS (1) General.... 1 (2) Identification of Plan... 1 (3) Type of Plan.... 1 (4) Plan Administrator....

More information

SUMMARY PLAN DESCRIPTION FOR THE COLUMBIA BANK CASH OR DEFERRED. PROFIT SHARING 401(k) PLAN AND TRUST

SUMMARY PLAN DESCRIPTION FOR THE COLUMBIA BANK CASH OR DEFERRED. PROFIT SHARING 401(k) PLAN AND TRUST SUMMARY PLAN DESCRIPTION FOR THE COLUMBIA BANK CASH OR DEFERRED PROFIT SHARING 401(k) PLAN AND TRUST EFFECTIVE JANUARY 1, 2015 TABLE OF CONTENTS Page (1) General... 1 (2) Identification of Plan... 1 (3)

More information

C4 PLANNING SOLUTIONS, L.L.C. RETIREMENT PLAN SUMMARY PLAN DESCRIPTION

C4 PLANNING SOLUTIONS, L.L.C. RETIREMENT PLAN SUMMARY PLAN DESCRIPTION C4 PLANNING SOLUTIONS, L.L.C. RETIREMENT PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?...1 What information does this Summary provide?...1 ARTICLE

More information

GOODWILL INDUSTRIES OF NORTHWEST NC 403(B) PLAN SUMMARY PLAN DESCRIPTION

GOODWILL INDUSTRIES OF NORTHWEST NC 403(B) PLAN SUMMARY PLAN DESCRIPTION GOODWILL INDUSTRIES OF NORTHWEST NC 403(B) PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN ARTICLE I PARTICIPATION IN THE PLAN Am I eligible to participate in the Plan?... 4 When

More information

SHAW BROTHERS CONSTRUCTION PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION JANUARY 1, 2016

SHAW BROTHERS CONSTRUCTION PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION JANUARY 1, 2016 SHAW BROTHERS CONSTRUCTION PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION JANUARY 1, 2016 TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?...

More information

CAPITAL HEALTH RETIREMENT SAVINGS & INVESTMENT PLAN SUMMARY PLAN DESCRIPTION

CAPITAL HEALTH RETIREMENT SAVINGS & INVESTMENT PLAN SUMMARY PLAN DESCRIPTION CAPITAL HEALTH RETIREMENT SAVINGS & INVESTMENT PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN... 1 PARTICIPATION IN THE PLAN... 2 Am I eligible to participate in the Plan?...2

More information

JANUARY 1, 2012 CEDARVILLE UNIVERSITY MONEY PURCHASE PENSION PLAN SUMMARY PLAN DESCRIPTION

JANUARY 1, 2012 CEDARVILLE UNIVERSITY MONEY PURCHASE PENSION PLAN SUMMARY PLAN DESCRIPTION JANUARY 1, 2012 CEDARVILLE UNIVERSITY MONEY PURCHASE PENSION PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?...1 What information does this Summary

More information

ELIM CHRISTIAN SERVICES DEFINED CONTRIBUTION RETIREMENT PLAN SUMMARY PLAN DESCRIPTION

ELIM CHRISTIAN SERVICES DEFINED CONTRIBUTION RETIREMENT PLAN SUMMARY PLAN DESCRIPTION ELIM CHRISTIAN SERVICES DEFINED CONTRIBUTION RETIREMENT PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN ARTICLE I PARTICIPATION IN THE PLAN Am I eligible to participate in the

More information

STEVENS INSTITUTE OF TECHNOLOGY NO. 660 PENSION PLAN SUMMARY PLAN DESCRIPTION

STEVENS INSTITUTE OF TECHNOLOGY NO. 660 PENSION PLAN SUMMARY PLAN DESCRIPTION STEVENS INSTITUTE OF TECHNOLOGY NO. 660 PENSION PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?...1 What information does this Summary provide?...1

More information

SUMMARY PLAN DESCRIPTION FOR THE. VANTAGE RADIOLOGY & DIAGNOSTIC SERVICES, A PROFESSIONAL SERVICE CORPORATION 401(k) PROFIT SHARING PLAN & TRUST

SUMMARY PLAN DESCRIPTION FOR THE. VANTAGE RADIOLOGY & DIAGNOSTIC SERVICES, A PROFESSIONAL SERVICE CORPORATION 401(k) PROFIT SHARING PLAN & TRUST SUMMARY PLAN DESCRIPTION FOR THE VANTAGE RADIOLOGY & DIAGNOSTIC SERVICES, A PROFESSIONAL SERVICE CORPORATION 401(k) PROFIT SHARING PLAN & TRUST EFFECTIVE JANUARY 1, 2018 TABLE OF CONTENTS Page (1) General...

More information

SUMMARY PLAN DESCRIPTION. for the. Jabil 401(k) Retirement Plan. January 1, 2018

SUMMARY PLAN DESCRIPTION. for the. Jabil 401(k) Retirement Plan. January 1, 2018 s SUMMARY PLAN DESCRIPTION for the Jabil 401(k) Retirement Plan January 1, 2018 i TABLE OF CONTENTS (1) General.... 1 (2) Identification of Plan.... 1 (3) Type of Plan.... 1 (4) Plan Administrator / Recordkeeper....

More information

PRESBYTERIAN HOMES & SERVICES SUMMARY PLAN DESCRIPTIONS for the TAX DEFERRED ANNUITY PLAN and EMPLOYEES' RETIREMENT SAVINGS AND INVESTMENT PLAN

PRESBYTERIAN HOMES & SERVICES SUMMARY PLAN DESCRIPTIONS for the TAX DEFERRED ANNUITY PLAN and EMPLOYEES' RETIREMENT SAVINGS AND INVESTMENT PLAN PRESBYTERIAN HOMES & SERVICES SUMMARY PLAN DESCRIPTIONS for the TAX DEFERRED ANNUITY PLAN and EMPLOYEES' RETIREMENT SAVINGS AND INVESTMENT PLAN (please fold in half so this page is the cover) PRESBYTERIAN

More information

VANDERHOUWEN & ASSOCIATES 401(K) PLAN SUMMARY PLAN DESCRIPTION

VANDERHOUWEN & ASSOCIATES 401(K) PLAN SUMMARY PLAN DESCRIPTION VANDERHOUWEN & ASSOCIATES 401(K) PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I PARTICIPATION

More information

SUMMARY PLAN DESCRIPTION OF THE EVERETT CLINIC PROFIT SHARING AND 401(k) EMPLOYEE SAVINGS PLAN AND TRUST

SUMMARY PLAN DESCRIPTION OF THE EVERETT CLINIC PROFIT SHARING AND 401(k) EMPLOYEE SAVINGS PLAN AND TRUST SUMMARY PLAN DESCRIPTION OF THE EVERETT CLINIC PROFIT SHARING AND 401(k) EMPLOYEE SAVINGS PLAN AND TRUST REVISED 2016 TABLE OF CONTENTS Section Page 1. GENERAL PLAN INFORMATION... 1 2. ELIGIBILITY REQUIREMENTS

More information

RETIREMENT PLAN FOR BUILDING AND MAINTENANCE AND EMPLOYEES OF COLUMBIA UNIVERSITY PROPERTIES (32BJ)

RETIREMENT PLAN FOR BUILDING AND MAINTENANCE AND EMPLOYEES OF COLUMBIA UNIVERSITY PROPERTIES (32BJ) RETIREMENT PLAN FOR BUILDING AND MAINTENANCE AND EMPLOYEES OF COLUMBIA UNIVERSITY PROPERTIES (32BJ) SUMMARY PLAN DESCRIPTION (Effective as of July 1, 2017) Columbia University (the University ) offers

More information

SUMMARY PLAN DESCRIPTION FOR THE CGI TECHNOLOGIES AND SOLUTIONS INC. 401(k) SAVINGS PLAN

SUMMARY PLAN DESCRIPTION FOR THE CGI TECHNOLOGIES AND SOLUTIONS INC. 401(k) SAVINGS PLAN SUMMARY PLAN DESCRIPTION FOR THE CGI TECHNOLOGIES AND SOLUTIONS INC. 401(k) SAVINGS PLAN Sponsoring Employer I.D. No. 54-0856778 Plan No. 001 Rev. December 2013 SUMMARY PLAN DESCRIPTION FOR THE CGI TECHNOLOGIES

More information

SUMMARY PLAN DESCRIPTION FOR PRE-7/1/1976 DEFINED BENEFIT PROGRAM. (As in effect on January 1, 2011)

SUMMARY PLAN DESCRIPTION FOR PRE-7/1/1976 DEFINED BENEFIT PROGRAM. (As in effect on January 1, 2011) COLUMBIA UNIVERSITY RETIREMENT PLAN FOR SUPPORTING STAFF ASSOCIATION AT THE COLLEGE OF PHYSICIANS AND SURGEONS SUMMARY PLAN DESCRIPTION FOR PRE-7/1/1976 DEFINED BENEFIT PROGRAM (As in effect on January

More information

WATSONVILLE COMMUNITY HOSPITAL MONEY PURCHASE PENSION PLAN SUMMARY PLAN DESCRIPTION

WATSONVILLE COMMUNITY HOSPITAL MONEY PURCHASE PENSION PLAN SUMMARY PLAN DESCRIPTION WATSONVILLE COMMUNITY HOSPITAL MONEY PURCHASE PENSION PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?...

More information

SUMMARY PLAN DESCRIPTION FOR. Richmond Public Schools 403(b) Retirement Plan

SUMMARY PLAN DESCRIPTION FOR. Richmond Public Schools 403(b) Retirement Plan SUMMARY PLAN DESCRIPTION FOR Richmond Public Schools 403(b) Retirement Plan 3-1-2014 Table of Contents Article 1... Introduction Article 2... General Plan Information and Key Definitions Article 3... Description

More information

SUMMARY PLAN DESCRIPTION. The BMW Store 401(k) Retirement Plan

SUMMARY PLAN DESCRIPTION. The BMW Store 401(k) Retirement Plan SUMMARY PLAN DESCRIPTION The BMW Store 401(k) Retirement Plan The BMW Store 401(k) Retirement Plan SUMMARY PLAN DESCRIPTION OVERVIEW... 1 I. BASIC PLAN INFORMATION... 2 II. PARTICIPATION... 3 III. CONTRIBUTIONS...

More information

ICI SERVICES RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION

ICI SERVICES RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION ICI SERVICES RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I PARTICIPATION

More information

SUMMARY PLAN DESCRIPTION FOR. Florida Tech Retirement Plan

SUMMARY PLAN DESCRIPTION FOR. Florida Tech Retirement Plan SUMMARY PLAN DESCRIPTION FOR 1-1-2018 Table of Contents Article 1... Introduction Article 2... General Plan Information and Key Definitions Article 3... Description of Plan Article 4... Plan Contributions

More information

EOI SERVICE COMPANY, INC. RETIREMENT & SAVINGS PLAN SUMMARY PLAN DESCRIPTION

EOI SERVICE COMPANY, INC. RETIREMENT & SAVINGS PLAN SUMMARY PLAN DESCRIPTION EOI SERVICE COMPANY, INC. RETIREMENT & SAVINGS PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1

More information

ACADEMY SOLUTIONS GROUP 401(K) PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION

ACADEMY SOLUTIONS GROUP 401(K) PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION ACADEMY SOLUTIONS GROUP 401(K) PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1

More information

DIOCESE OF LA CROSSE LAY EMPLOYEES' RETIREMENT PLAN SUMMARY PLAN DESCRIPTION

DIOCESE OF LA CROSSE LAY EMPLOYEES' RETIREMENT PLAN SUMMARY PLAN DESCRIPTION DIOCESE OF LA CROSSE LAY EMPLOYEES' RETIREMENT PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1

More information

SUMMARY PLAN DESCRIPTION. Waukesha State Bank Employees' 401(k) Profit Sharing Plan

SUMMARY PLAN DESCRIPTION. Waukesha State Bank Employees' 401(k) Profit Sharing Plan SUMMARY PLAN DESCRIPTION Waukesha State Bank Employees' 401(k) Profit Sharing Plan 12/01/2015 Waukesha State Bank Employees' 401(k) Profit Sharing Plan SUMMARY PLAN DESCRIPTION... 1 I. BASIC PLAN INFORMATION...

More information

CHS/COMMUNITY HEALTH SYSTEMS, INC. STANDARD 401(K) PLAN SUMMARY PLAN DESCRIPTION JANUARY 1, 2014

CHS/COMMUNITY HEALTH SYSTEMS, INC. STANDARD 401(K) PLAN SUMMARY PLAN DESCRIPTION JANUARY 1, 2014 CHS/COMMUNITY HEALTH SYSTEMS, INC. STANDARD 401(K) PLAN SUMMARY PLAN DESCRIPTION JANUARY 1, 2014 TABLE OF CONTENTS PAGE INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this

More information

Trace Systems, Inc. 401(k) Plan

Trace Systems, Inc. 401(k) Plan Trace Systems, Inc. 401(k) Plan 02/17 PLAN HIGHLIGHTS Plan Highlights briefly describes the plan. The rest of this booklet explains in greater detail how the plan works. We started the plan on January

More information

SUMMARY PLAN DESCRIPTION. WD Associates, Inc. 401(k) Profit Sharing Plan

SUMMARY PLAN DESCRIPTION. WD Associates, Inc. 401(k) Profit Sharing Plan SUMMARY PLAN DESCRIPTION WD Associates, Inc. 401(k) Profit Sharing Plan WD Associates, Inc. 401(k) Profit Sharing Plan SUMMARY PLAN DESCRIPTION...1 I. BASIC PLAN INFORMATION...2 A. ACCOUNT...2 B. BENEFICIARY...2

More information

SUMMARY PLAN DESCRIPTION FOR. P.A.C.E.Center for Girls, Inc. Tax Sheltered Annuity Plan

SUMMARY PLAN DESCRIPTION FOR. P.A.C.E.Center for Girls, Inc. Tax Sheltered Annuity Plan SUMMARY PLAN DESCRIPTION FOR P.A.C.E.Center for Girls, Inc. Tax Sheltered Annuity Plan 7-1-2013 Table of Contents Article 1... Introduction Article 2... General Plan Information and Key Definitions Article

More information

SUMMARY PLAN DESCRIPTION. Pike 401(k) Plan

SUMMARY PLAN DESCRIPTION. Pike 401(k) Plan SUMMARY PLAN DESCRIPTION Pike 401(k) Plan Pike 401(k) Plan SUMMARY PLAN DESCRIPTION... 1 I. BASIC PLAN INFORMATION... 2 II. PARTICIPATION... 4 III. CONTRIBUTIONS... 4 IV. INVESTMENTS... 7 V. VESTING...

More information

SUMMARY PLAN DESCRIPTION FOR THE BILLION MOTORS, INC. SALARY DEFERRAL 401(k) PLAN

SUMMARY PLAN DESCRIPTION FOR THE BILLION MOTORS, INC. SALARY DEFERRAL 401(k) PLAN SUMMARY PLAN DESCRIPTION FOR THE BILLION MOTORS, INC. SALARY DEFERRAL 401(k) PLAN PLEASE READ THIS CAREFULLY AND KEEP FOR FUTURE REFERENCE. TABLE OF CONTENTS 1. INTRODUCTION 1 2. BECOMING A PARTICIPANT

More information

LEGENDS GAMING, LLC EMPLOYEES 401(K) PLAN SUMMARY PLAN DESCRIPTION

LEGENDS GAMING, LLC EMPLOYEES 401(K) PLAN SUMMARY PLAN DESCRIPTION LEGENDS GAMING, LLC EMPLOYEES 401(K) PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I

More information

SUMMARY PLAN DESCRIPTION. Waukesha State Bank Employees' 401(k) Profit Sharing Plan

SUMMARY PLAN DESCRIPTION. Waukesha State Bank Employees' 401(k) Profit Sharing Plan SUMMARY PLAN DESCRIPTION Waukesha State Bank Employees' 401(k) Profit Sharing Plan May 14, 2017 Waukesha State Bank Employees' 401(k) Profit Sharing Plan SUMMARY PLAN DESCRIPTION... 1 I. BASIC PLAN INFORMATION...

More information

DEVEREUX DEFINED CONTRIBUTION RETIREMENT PLAN. Summary Plan Description

DEVEREUX DEFINED CONTRIBUTION RETIREMENT PLAN. Summary Plan Description DEVEREUX DEFINED CONTRIBUTION RETIREMENT PLAN Summary Plan Description Issued: January 1, 2017 TABLE OF CONTENTS INTRODUCTION... 1 ELIGIBILITY AND PARTICIPATION... 2 Eligibility... 2 Participation... 2

More information

KELC 401(K) SAVINGS PLAN SUMMARY PLAN DESCRIPTION

KELC 401(K) SAVINGS PLAN SUMMARY PLAN DESCRIPTION KELC 401(K) SAVINGS PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I PARTICIPATION IN

More information

401(k) Plan (Non-Sales Rep Employees)

401(k) Plan (Non-Sales Rep Employees) 401(k) Plan (Non-Sales Rep Employees) The Stryker Corporation 401(k) Savings and Retirement Plan gives participants a way to save for their future financial needs. Important This summary plan description

More information

NOVA SOUTHEASTERN UNIVERSITY 401(K) PLAN SUMMARY PLAN DESCRIPTION

NOVA SOUTHEASTERN UNIVERSITY 401(K) PLAN SUMMARY PLAN DESCRIPTION NOVA SOUTHEASTERN UNIVERSITY 401(K) PLAN SUMMARY PLAN DESCRIPTION FTL_ACTIVE 4883588.4 TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?...

More information

SUMMARY PLAN DESCRIPTION FOR. The Roman Catholic Diocese of Raleigh 403(b) Retirement Plan

SUMMARY PLAN DESCRIPTION FOR. The Roman Catholic Diocese of Raleigh 403(b) Retirement Plan SUMMARY PLAN DESCRIPTION FOR The Roman Catholic Diocese of Raleigh 403(b) Retirement Plan 7-1-2014 Table of Contents Article 1... Introduction Article 2... General Plan Information and Key Definitions

More information

SUMMARY PLAN DESCRIPTION FOR THE CHEMOURS COMPANY RETIREMENT SAVINGS PLAN

SUMMARY PLAN DESCRIPTION FOR THE CHEMOURS COMPANY RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION FOR THE CHEMOURS COMPANY RETIREMENT SAVINGS PLAN January 2018 DMEAST #32450591 v1 This document is being provided exclusively by your employer, which retains responsibility for

More information

SUMMARY PLAN DESCRIPTION. Equinix, Inc. 401(k) Plan

SUMMARY PLAN DESCRIPTION. Equinix, Inc. 401(k) Plan SUMMARY PLAN DESCRIPTION Equinix, Inc. 401(k) Plan Equinix, Inc. 401(k) Plan Equinix, Inc. 401(k) Plan SUMMARY PLAN DESCRIPTION...1 I. BASIC PLAN INFORMATION...2 A. ACCOUNT...2 B. BENEFICIARY...2 C. DEFERRAL

More information

SUMMARY PLAN DESCRIPTION PROFIT SHARING PLAN FOR EMPLOYEES OF BEN E. KEITH COMPANY AND ITS AFFILIATES

SUMMARY PLAN DESCRIPTION PROFIT SHARING PLAN FOR EMPLOYEES OF BEN E. KEITH COMPANY AND ITS AFFILIATES SUMMARY PLAN DESCRIPTION PROFIT SHARING PLAN FOR EMPLOYEES OF BEN E. KEITH COMPANY AND ITS AFFILIATES Effective as of November 1, 2016 Important Note This booklet is called a Summary Plan Description (

More information

SPRINGS WINDOW FASHIONS 401(K) RETIREMENT PLAN SUMMARY PLAN DESCRIPTION

SPRINGS WINDOW FASHIONS 401(K) RETIREMENT PLAN SUMMARY PLAN DESCRIPTION SPRINGS WINDOW FASHIONS 401(K) RETIREMENT PLAN SUMMARY PLAN DESCRIPTION January 1, 2016 TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?...

More information

DOLLAR FINANCIAL GROUP RETIREMENT PLAN SUMMARY PLAN DESCRIPTION

DOLLAR FINANCIAL GROUP RETIREMENT PLAN SUMMARY PLAN DESCRIPTION DOLLAR FINANCIAL GROUP RETIREMENT PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?...1 What information does this Summary provide?...1 ARTICLE I PARTICIPATION

More information

A SUMMARY PLAN DESCRIPTION OF RESOURCE MANAGEMENT, INC. 401(K) PLAN PLAN 101

A SUMMARY PLAN DESCRIPTION OF RESOURCE MANAGEMENT, INC. 401(K) PLAN PLAN 101 A SUMMARY PLAN DESCRIPTION OF RESOURCE MANAGEMENT, INC. 401(K) PLAN PLAN 101 TABLE OF CONTENTS INTRODUCTION...1 Type of Plan...1 Plan Sponsor...1 Purpose of the Summary...1 PLAN ADMINISTRATION...1 Plan

More information

THE COMPUTER MERCHANT, LTD. 401(K) RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION

THE COMPUTER MERCHANT, LTD. 401(K) RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION THE COMPUTER MERCHANT, LTD. 401(K) RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?...

More information

PRIORITY AMBULANCE, LLC 401(K) PLAN SUMMARY PLAN DESCRIPTION

PRIORITY AMBULANCE, LLC 401(K) PLAN SUMMARY PLAN DESCRIPTION PRIORITY AMBULANCE, LLC 401(K) PLAN SUMMARY PLAN DESCRIPTION January 1, 2015 PRIORITY AMBULANCE, LLC 401(K) PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION... 1 ELIGIBILITY FOR PARTICIPATION...

More information

SUMMARY PLAN DESCRIPTION. Playhouse Square Foundation 401(k) Plan

SUMMARY PLAN DESCRIPTION. Playhouse Square Foundation 401(k) Plan SUMMARY PLAN DESCRIPTION Playhouse Square Foundation 401(k) Plan Playhouse Square Foundation 401(k) Plan SUMMARY PLAN DESCRIPTION OVERVIEW... 1 I. BASIC PLAN INFORMATION... 2 II. PARTICIPATION... 4 III.

More information

SUMMARY PLAN DESCRIPTION FOR. Florida Tech Retirement Plan

SUMMARY PLAN DESCRIPTION FOR. Florida Tech Retirement Plan SUMMARY PLAN DESCRIPTION FOR REFLECTING THE TERMS OF THE PLAN EFFECTIVE AS OF January 01, 2019 Contract No. FIT-001 Table of Contents Article 1... Introduction Article 2... General Plan Information and

More information

I.B.E.W. LOCAL NO (K) PLAN

I.B.E.W. LOCAL NO (K) PLAN I.B.E.W. LOCAL NO. 8 401(K) PLAN SUMMARY PLAN DESCRIPTION (Effective June 23, 2003) June 2008 TABLE OF CONTENTS ARTICLE I PARTICIPATION IN THE PLAN Am I eligible to participate in the Plan?...1 When am

More information

SUMMARY PLAN DESCRIPTION FOR. Independent Support Services, Inc. 403(b) Plan

SUMMARY PLAN DESCRIPTION FOR. Independent Support Services, Inc. 403(b) Plan SUMMARY PLAN DESCRIPTION FOR Independent Support Services, Inc. 403(b) Plan 1-1-2018 Table of Contents Article 1...Introduction Article 2...General Plan Information and Key Definitions Article 3...Description

More information

Employees Retirement Plan. Summary Plan Description

Employees Retirement Plan. Summary Plan Description Employees Retirement Plan Summary Plan Description Table of Contents INTRODUCTION TO YOUR PLAN...1 ARTICLE I - PARTICIPATION IN THE PLAN...1 AM I ELIGIBLE TO PARTICIPATE IN THE PLAN?... 1 WHEN AM I ELIGIBLE

More information

FRANKLIN ENERGY AND AM CONSERVATION 401(K) PLAN SUMMARY PLAN DESCRIPTION

FRANKLIN ENERGY AND AM CONSERVATION 401(K) PLAN SUMMARY PLAN DESCRIPTION FRANKLIN ENERGY AND AM CONSERVATION 401(K) PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE

More information

CYSTIC FIBROSIS FOUNDATION 401(K) PLAN SUMMARY PLAN DESCRIPTION

CYSTIC FIBROSIS FOUNDATION 401(K) PLAN SUMMARY PLAN DESCRIPTION CYSTIC FIBROSIS FOUNDATION 401(K) PLAN SUMMARY PLAN DESCRIPTION January 2017 TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1

More information

SUMMARY PLAN DESCRIPTION. Canal Insurance Company 401(k) Savings and Investment Plan

SUMMARY PLAN DESCRIPTION. Canal Insurance Company 401(k) Savings and Investment Plan SUMMARY PLAN DESCRIPTION Canal Insurance Company 401(k) Savings and Investment Plan Canal Insurance Company 401(k) Savings and Investment Plan SUMMARY PLAN DESCRIPTION...1 I. BASIC PLAN INFORMATION...2

More information

YES PREP 401(K) PLAN SUMMARY PLAN DESCRIPTION

YES PREP 401(K) PLAN SUMMARY PLAN DESCRIPTION YES PREP 401(K) PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I PARTICIPATION IN THE

More information

SAVE MART SUPERMARKETS RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION

SAVE MART SUPERMARKETS RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION SAVE MART SUPERMARKETS RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE

More information

DEVEREUX DEFINED CONTRIBUTION RETIREMENT PLAN. Summary Plan Description

DEVEREUX DEFINED CONTRIBUTION RETIREMENT PLAN. Summary Plan Description DEVEREUX DEFINED CONTRIBUTION RETIREMENT PLAN Summary Plan Description Issued: January 1, 2019 TABLE OF CONTENTS INTRODUCTION... 1 ELIGIBILITY AND PARTICIPATION... 2 Eligibility... 2 Participation... 2

More information

Summary Plan Description

Summary Plan Description Summary Plan Description Taylor Companies 401(k) and Profit Sharing Plans January 2016 TABLE OF CONTENTS Page ADMINISTRATIVE INFORMATION... 1 INTRODUCTION... 2 TOPIC 1 - DEFINITIONS... 3 Account... 3 Annual

More information

RALPH L. WADSWORTH CONSTRUCTION CO., INC. 401(K) PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION

RALPH L. WADSWORTH CONSTRUCTION CO., INC. 401(K) PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION RALPH L. WADSWORTH CONSTRUCTION CO., INC. 401(K) PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION Updated November 17, 2008 TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?...1 What information

More information

TEAMHEALTH 401(K) PLAN SUMMARY PLAN DESCRIPTION

TEAMHEALTH 401(K) PLAN SUMMARY PLAN DESCRIPTION TEAMHEALTH 401(K) PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I PARTICIPATION IN THE

More information

SUMMARY PLAN DESCRIPTION FOR THE CHRISTENSEN FARMS & FEEDLOTS, INC. 401(K) PROFIT SHARING PLAN. (Updated July 2010)

SUMMARY PLAN DESCRIPTION FOR THE CHRISTENSEN FARMS & FEEDLOTS, INC. 401(K) PROFIT SHARING PLAN. (Updated July 2010) SUMMARY PLAN DESCRIPTION FOR THE CHRISTENSEN FARMS & FEEDLOTS, INC. 401(K) PROFIT SHARING PLAN (Updated July 2010) KCP-1426466-4 INTRODUCTION Christensen Farms & Feedlots, Inc. (the Plan Sponsor ) maintains

More information

Summary Plan Description. of the. Chenega Corporation 401(k) Profit Sharing Plan

Summary Plan Description. of the. Chenega Corporation 401(k) Profit Sharing Plan Summary Plan Description of the Chenega Corporation 401(k) Profit Sharing Plan As Restated effective November 1, 2012 with Plan Amendments effective January 1, 2013 This Summary is intended to serve as

More information

Summary Plan Description

Summary Plan Description Summary Plan Description Zara USA, Inc. 401(k) Profit Sharing Plan and Trust SUMMARY PLAN DESCRIPTION Zara USA, Inc. 401(k) Profit Sharing Plan and Trust SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION

More information

SUMMARY PLAN DESCRIPTION. Wacker Neuson Corporation Bargaining Unit 401k Plan

SUMMARY PLAN DESCRIPTION. Wacker Neuson Corporation Bargaining Unit 401k Plan SUMMARY PLAN DESCRIPTION Wacker Neuson Corporation Bargaining Unit 401k Plan Wacker Neuson Corporation Bargaining Unit 401k Plan SUMMARY PLAN DESCRIPTION... 1 I. BASIC PLAN INFORMATION... 2 II. PARTICIPATION...

More information

Summary Plan Description

Summary Plan Description Summary Plan Description Prepared for Pinal Gila Community Child Services, Inc. 401(k) Profit Sharing Plan INTRODUCTION Pinal Gila Community Child Services, Inc. has established Pinal Gila Community Child

More information

THE CHILDREN'S HOME OF READING RETIREMENT PLAN SUMMARY PLAN DESCRIPTION

THE CHILDREN'S HOME OF READING RETIREMENT PLAN SUMMARY PLAN DESCRIPTION THE CHILDREN'S HOME OF READING RETIREMENT PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE

More information

WellSpan 401(K) Retirement Savings Plan. SUmmaRY plan DESCRiptiON

WellSpan 401(K) Retirement Savings Plan. SUmmaRY plan DESCRiptiON WellSpan 401(K) Retirement Savings Plan SUmmaRY plan DESCRiptiON I I PRIOR TO II III I II TABLE OF TO YOUR What kind of Plan is this? 5 What information does this Summary provide? 5 How do I participate

More information

WHITE EARTH TRIBAL GOVERNMENT 401(K) PLAN SUMMARY PLAN DESCRIPTION

WHITE EARTH TRIBAL GOVERNMENT 401(K) PLAN SUMMARY PLAN DESCRIPTION WHITE EARTH TRIBAL GOVERNMENT 401(K) PLAN SUMMARY PLAN DESCRIPTION January 1, 2015 TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?...

More information

DIOCESE OF SACRAMENTO 403(B) PLAN SUMMARY OF PLAN PROVISIONS

DIOCESE OF SACRAMENTO 403(B) PLAN SUMMARY OF PLAN PROVISIONS DIOCESE OF SACRAMENTO 403(B) PLAN SUMMARY OF PLAN PROVISIONS TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN ARTICLE I PARTICIPATION IN THE PLAN How do I participate in the Plan?... 1 How is my service determined

More information

MASON COMPANIES RETIREMENT AND SAVINGS PLAN SUMMARY PLAN DESCRIPTION

MASON COMPANIES RETIREMENT AND SAVINGS PLAN SUMMARY PLAN DESCRIPTION MASON COMPANIES RETIREMENT AND SAVINGS PLAN SUMMARY PLAN DESCRIPTION Additional copies of the Summary Plan Description may be obtained at www.millimanbenefits.com TABLE OF CONTENTS INTRODUCTION TO YOUR

More information

SUMMARY PLAN DESCRIPTION FOR. Harford County Public Schools 403(b) Plan

SUMMARY PLAN DESCRIPTION FOR. Harford County Public Schools 403(b) Plan SUMMARY PLAN DESCRIPTION FOR 1-1-2015 Table of Contents Article 1... Introduction Article 2... General Plan Information and Key Definitions Article 3... Description of Plan Article 4... Plan Contributions

More information

SUMMARY PLAN DESCRIPTION. TSP, Inc. 401(k) Plan

SUMMARY PLAN DESCRIPTION. TSP, Inc. 401(k) Plan SUMMARY PLAN DESCRIPTION TSP, Inc. 401(k) Plan TSP, Inc. 401(k) Plan SUMMARY PLAN DESCRIPTION...1 I. BASIC PLAN INFORMATION...2 A. ACCOUNT...2 B. BENEFICIARY...2 C. DEFERRAL CONTRIBUTION...2 D. EMPLOYEE...2

More information

ASPIRUS, INC. RETIREMENT PLAN SUMMARY PLAN DESCRIPTION

ASPIRUS, INC. RETIREMENT PLAN SUMMARY PLAN DESCRIPTION ASPIRUS, INC. RETIREMENT PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN ARTICLE I PARTICIPATION IN THE PLAN Am I eligible to participate in the Plan?...5 When am I eligible to

More information

ALTAMONTE FAMILY WELLNESS MEDICAL CENTER, INC. 401(K) & PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION

ALTAMONTE FAMILY WELLNESS MEDICAL CENTER, INC. 401(K) & PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION ALTAMONTE FAMILY WELLNESS MEDICAL CENTER, INC. 401(K) & PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION 2016 ALTAMONTE FAMILY WELLNESS MEDICAL CENTER, INC. 401(K) & PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION

More information

THE HHHUNT SAVINGS AND RETIREMENT PLAN SUMMARY PLAN DESCRIPTION

THE HHHUNT SAVINGS AND RETIREMENT PLAN SUMMARY PLAN DESCRIPTION THE HHHUNT SAVINGS AND RETIREMENT PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I PARTICIPATION

More information

SUMMARY PLAN DESCRIPTION FOR HARLEY MARINE SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN AND TRUST

SUMMARY PLAN DESCRIPTION FOR HARLEY MARINE SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN AND TRUST SUMMARY PLAN DESCRIPTION FOR HARLEY MARINE SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN AND TRUST 401(k) Retirement Savings Plan and Trust Summary Plan Description Table of Contents DESCRIPTION PAGE INTRODUCTION

More information

SOUTH CAROLINA STUDENT LOAN CORPORATION 401(a) MONEY PURCHASE PENSION PLAN SUMMARY PLAN DESCRIPTION

SOUTH CAROLINA STUDENT LOAN CORPORATION 401(a) MONEY PURCHASE PENSION PLAN SUMMARY PLAN DESCRIPTION SOUTH CAROLINA STUDENT LOAN CORPORATION 401(a) MONEY PURCHASE PENSION PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?...1 What information does this

More information

EMHS RETIREMENT PARTNERSHIP 403(B) PLAN SUMMARY PLAN DESCRIPTION

EMHS RETIREMENT PARTNERSHIP 403(B) PLAN SUMMARY PLAN DESCRIPTION EMHS RETIREMENT PARTNERSHIP 403(B) PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN ARTICLE I PARTICIPATION IN THE PLAN Am I eligible to participate in the Plan?... 1 When am I

More information

ZIMMER BIOMET NORTHWEST 401(K) PLAN SUMMARY PLAN DESCRIPTION

ZIMMER BIOMET NORTHWEST 401(K) PLAN SUMMARY PLAN DESCRIPTION ZIMMER BIOMET NORTHWEST 401(K) PLAN SUMMARY PLAN DESCRIPTION August 3, 2015 TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1

More information

SUMMARY PLAN DESCRIPTION FOR. United Joint Venture 401(k) and Supplemental Retirement Plan

SUMMARY PLAN DESCRIPTION FOR. United Joint Venture 401(k) and Supplemental Retirement Plan SUMMARY PLAN DESCRIPTION FOR United Joint Venture 401(k) and Supplemental Retirement Plan 1-1-2018 Massachusetts Mutual Life Insurance Company Table of Contents Article 1... Introduction Article 2... General

More information

MICHIGAN COMMUNITY SERVICES, INC. 401(K) PROFIT-SHARING PLAN AND TRUST SUMMARY PLAN DESCRIPTION

MICHIGAN COMMUNITY SERVICES, INC. 401(K) PROFIT-SHARING PLAN AND TRUST SUMMARY PLAN DESCRIPTION MICHIGAN COMMUNITY SERVICES, INC. 401(K) PROFIT-SHARING PLAN AND TRUST SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary

More information

TRUST HCS 401(K) PLAN SUMMARY PLAN DESCRIPTION

TRUST HCS 401(K) PLAN SUMMARY PLAN DESCRIPTION TRUST HCS 401(K) PLAN SUMMARY PLAN DESCRIPTION Effective 2/14/2017 TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I

More information

WORLD ACCEPTANCE CORPORATION RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION

WORLD ACCEPTANCE CORPORATION RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION WORLD ACCEPTANCE CORPORATION RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?...

More information

Summary Plan Description. Handbook and. For Employees of Southwest Research Institute PLAN RETIREMENT

Summary Plan Description. Handbook and. For Employees of Southwest Research Institute PLAN RETIREMENT RETIREMENT PLAN Handbook and Summary Plan Description For Employees of Southwest Research Institute Issued July 1, 2014 INTRODUCTION This Summary Plan Description (SPD) summarizes the important features

More information

ALVERNO PROVENA HOSPITAL LABORATORIES, INC. 403(B) PLAN SUMMARY PLAN DESCRIPTION

ALVERNO PROVENA HOSPITAL LABORATORIES, INC. 403(B) PLAN SUMMARY PLAN DESCRIPTION ALVERNO PROVENA HOSPITAL LABORATORIES, INC. 403(B) PLAN SUMMARY PLAN DESCRIPTION SPONSORED BY: ALVERNO PROVENA HOSPITAL LABORATORIES, INC. EMPLOYER IDENTIFICATION NUMBER: 20-3238867 PLAN NUMBER: 002 EFFECTIVE

More information

LANCASTER GENERAL HEALTH RETIREMENT INCOME 403(B) ACCOUNT SUMMARY PLAN DESCRIPTION

LANCASTER GENERAL HEALTH RETIREMENT INCOME 403(B) ACCOUNT SUMMARY PLAN DESCRIPTION LANCASTER GENERAL HEALTH RETIREMENT INCOME 403(B) ACCOUNT SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN ARTICLE I PARTICIPATION IN THE PLAN Am I eligible to participate in the Plan?...

More information

SUMMARY PLAN DESCRIPTION FOR THE COMMERCE BANCSHARES, INC. PARTICIPATING INVESTMENT PLAN (PIP) Updated as of July 1, 2013

SUMMARY PLAN DESCRIPTION FOR THE COMMERCE BANCSHARES, INC. PARTICIPATING INVESTMENT PLAN (PIP) Updated as of July 1, 2013 SUMMARY PLAN DESCRIPTION FOR THE COMMERCE BANCSHARES, INC. PARTICIPATING INVESTMENT PLAN (PIP) Updated as of July 1, 2013 Table of Contents Introduction... 1 Who Is Eligible To Join The PIP?... 1 What

More information

SUMMARY PLAN DESCRIPTION. Powell Industries, Inc. Employees Incentive Savings Plan

SUMMARY PLAN DESCRIPTION. Powell Industries, Inc. Employees Incentive Savings Plan SUMMARY PLAN DESCRIPTION Powell Industries, Inc. Employees Incentive Savings Plan Effective 7/1/2018 Powell Industries, Inc. Employees Incentive Savings Plan SUMMARY PLAN DESCRIPTION... 1 I. BASIC PLAN

More information

SUMMARY PLAN DESCRIPTION FOR. Wirtz Corporation 401(k) Profit Sharing Plan

SUMMARY PLAN DESCRIPTION FOR. Wirtz Corporation 401(k) Profit Sharing Plan SUMMARY PLAN DESCRIPTION FOR January 01, 2018 Massachusetts Mutual Life Insurance Company Table of Contents Article 1... Introduction Article 2... General Plan Information and Key Definitions Article 3...Description

More information

The Emory Clinic, Inc. Retirement Savings Plan

The Emory Clinic, Inc. Retirement Savings Plan The Emory Clinic, Inc. Retirement Savings Plan Revised Summary Plan Description June 2013 959374-2 THE EMORY CLINIC, Inc. RETIREMENT SAVINGS PLAN Revised Summary Plan Description June 2013 Introduction

More information

SUMMARY PLAN DESCRIPTION. Transamerican Auto Parts 401k plan

SUMMARY PLAN DESCRIPTION. Transamerican Auto Parts 401k plan SUMMARY PLAN DESCRIPTION Transamerican Auto Parts 401k plan Transamerican Auto Parts 401k plan SUMMARY PLAN DESCRIPTION...1 I. BASIC PLAN INFORMATION...2 A. ACCOUNT...2 B. BENEFICIARY...2 C. DEFERRAL CONTRIBUTION...2

More information

SUMMARY PLAN DESCRIPTION. M1 Support Services, L.P. 401(k) Plan

SUMMARY PLAN DESCRIPTION. M1 Support Services, L.P. 401(k) Plan SUMMARY PLAN DESCRIPTION M1 Support Services, L.P. 401(k) Plan M1 Support Services, L.P. 401(k) Plan M1 Support Services, L.P. 401(k) Plan SUMMARY PLAN DESCRIPTION...1 I. BASIC PLAN INFORMATION...2 A.

More information

SUMMARY PLAN DESCRIPTION. UNITED SUPERMARKETS, L.L.C. 401(k) RETIREMENT AND SAVINGS PLAN

SUMMARY PLAN DESCRIPTION. UNITED SUPERMARKETS, L.L.C. 401(k) RETIREMENT AND SAVINGS PLAN SUMMARY PLAN DESCRIPTION UNITED SUPERMARKETS, L.L.C. 401(k) RETIREMENT AND SAVINGS PLAN Updated as of November 23, 2011 Important Note This booklet is called a Summary Plan Description ( SPD ) and is intended

More information

PHOENIX CRANE SERVICE, INC. PROFIT SHARING 401(K) PLAN SUMMARY PLAN DESCRIPTION

PHOENIX CRANE SERVICE, INC. PROFIT SHARING 401(K) PLAN SUMMARY PLAN DESCRIPTION PHOENIX CRANE SERVICE, INC. PROFIT SHARING 401(K) PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 3 What information does this Summary provide?...

More information

Specimen ERISA 403(b) Plan Summary Plan Description for a 501(c)(3) Organization

Specimen ERISA 403(b) Plan Summary Plan Description for a 501(c)(3) Organization Specimen ERISA 403(b) Plan Summary Plan Description for a 501(c)(3) Organization Introduction You are receiving this Summary Plan Description (SPD) because your Employer offers a 403(b) Plan (the Plan

More information

AAA CAROLINAS SAVINGS & RETIREMENT PLAN SUMMARY PLAN DESCRIPTION

AAA CAROLINAS SAVINGS & RETIREMENT PLAN SUMMARY PLAN DESCRIPTION AAA CAROLINAS SAVINGS & RETIREMENT PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I PARTICIPATION

More information

Daryl Thomason Trucking, Inc. 401(k) Plan 04/10

Daryl Thomason Trucking, Inc. 401(k) Plan 04/10 Daryl Thomason Trucking, Inc. 401(k) Plan 04/10 PLAN HIGHLIGHTS Plan Highlights briefly describes the plan. The rest of this booklet explains in greater detail how the plan works. We started the plan on

More information

BRIGHT WOOD 401(K) SAVINGS AND PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION

BRIGHT WOOD 401(K) SAVINGS AND PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION BRIGHT WOOD 401(K) SAVINGS AND PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION January 1, 2019 TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary

More information

AMG 401(K) RETIREMENT PLAN SUMMARY PLAN DESCRIPTION

AMG 401(K) RETIREMENT PLAN SUMMARY PLAN DESCRIPTION AMG 401(K) RETIREMENT PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I PARTICIPATION

More information