Verdex Enrollment - Web Book - Ready - Flipbook - Page 3
ELIGIBILITY AND ENROLLLMENT
Who is eligible to participate in the plan?
You become eligible to participate in the Plan for Deferral and Safe Harbor
Matching purposes after you have reached age 21 and have completed 6
months of service. To be eligible for Profit Sharing, you will become eligible
after reaching age 21 and completing 1,000 hours of service within the first 12
consecutive months following your date of hire. If you do not complete 1,000
hours of service within the first 12 consecutive months, you must complete
the 1,000 hours of service within any 12 month period thereafter.
PLAN HIGHLIGHTS
When can I begin contributing to the Plan?
You can begin contributing to the Plan on the appropriate Entry Date(s) once
you have met the eligibility requirements:
• For Deferrals and Safe Harbor Matching, your Entry Date will be the first day
of the month coinciding with or next following the date you meet the
eligibility requirements.
• For Profit Sharing, your entry date will be the January 1st or July 1st of the
Plan Year coinciding with or next following the date you meet the eligibility
requirements
Are rollovers accepted?
If you want to roll over qualified retirement plan assets, you may do so once
you are active employee.
How do I enroll in the Plan?
You can enroll by completing the forms located within this book and
returning them to your Human Resources representative. Please note that a
financial advisor is also available to provide investment advice. Contact your
Human Resources representative to learn more.
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