Take advantage today 

Employee contributions 

An employee may defer immediately upon employment unless excluded from the plan. The following are excluded from the plan: 

• Employees who work less than 20 hours per week
• Employees who are members of a collective bargaining agreement 

Employer contributions

Participation in the employer contributions is open to all eligible employees who have met the following requirements:

• Attained age 21
• Completed 1 year of service, as defined by the plan. 

Starting early has its advantages 

Contributions  

Through payroll deduction, your plan allows you to make pre-tax contributions up to the maximum allowed by the Internal Revenue Code. An Internal Revenue Service (IRS) dollar limit also applies.

Rollovers or transfers

If you have an existing qualified retirement plan (pre-tax) or 403(b) tax deferred arrangement account with a prior employer, you can transfer or roll over that account into the plan on becoming a participant in the plan.   

Catch-up contributions 

You may be able to contribute up to an additional:

Stop or change contributions  

You may stop your contributions anytime. Once you discontinue contributions, you may only start again as provided under the terms of the plan. 

You can increase or decrease the amount of your contributions anytime.

Vesting 

Vesting is a participant’s right of ownership to the money in his or her plan account. You are always 100% vested in employee contributions, employer contributions and rollover contributions, plus any earnings they generate.

Accessing your money

Money may be withdrawn from the plan in these events:

• Attainment of age 59½
• Death
• Disability
• Severance from employment
• Financial hardship (Hardship withdrawals may be made from salary reduction contributions only, not from earnings on those contributions.) 

Income taxes are payable upon withdrawal. Federal restrictions and a 10% federal early withdrawal penalty may appear if taken before age 59½. Be sure to talk with your tax advisor before withdrawing any money from your plan account.