401(k) Plan HIGHLIGHTS(updated)



STANISLAUS SURGICAL HOSPITAL

PROFIT SHARING 401(K) PLAN HIGHLIGHTS

|ELIGIBILITY AND ENTRY DATES |

You must be at least 21 years of age to be eligible to participate with 401k contributions. You must be at least 21 years of age with at least 1 year of service to be eligible for employer contributions.

Unless you provide the company with an election otherwise, you will automatically be enrolled in the 401k the first day of the month following your date of hire. For employer contribitions, you will enter the plan the first day of the month following 1 year of service.

|CONTRIBUTIONS |

Employee 401(k) Contributions

Unless you opt out of the automatic enrollment program, 1% of your pay will automatically be deferred into an account set up for you in the 401k plan. Your contribution will be increased at the beginning of each year at a rate of 1% of your pay, unless you elect otherwise. The automatic annual increases will be discontinued at 10% of your pay.

At any time you may elect to not have any contributions deducted from your paycheck, or you may elect an amount different than the one designated for you in the automatic enrollment schedule. You may contribute for 2016 a maximum of $18,000. If you are age 50 or older, you may contribute an additional $6000. These voluntary contributions can be designated pretax contributions or Roth after-tax deferrals.

Employer Contributions

The company may make a discretionary match and/or profit sharing contribution.

Contribution Changes

You may start, stop or change your deferral election on any day of the plan year.

|INVESTMENTS |

Please see John Hancock enrollment packet or visit . Contract # is 54150 and enrollment access # is 540339.

• Tim Buzzini of Defined Plan Advisors is available for plan and investment education at 877.273.8413.

Changes and account inquiries are possible by calling 800.395.1113, or by web address: .

Loans

You are eligible to receive up to 50% of your vested balance. An adminstrative fee of $24 per year will be deducted from your account.

|VESTING |

You are always 100% vested in your own contributions. You will be vested in match and profit sharing contributions as to the following schedule:

Years of Service Vested %

1 20% 2 40%

3. 60%

4. 80%

5 100%

| DISTRIBUTIONS |

Withdrawal of Your Pre-Tax Money

Financial hardship: amount necessary to meet immediate and heavy financial need; i.e., medical expenses, to purchase a new home, education tuition, or to prevent eviction. Subject to state and federal income tax plus possible penalties.

Total Distributions

Termination of employment, retirement, disability, death.

|PARTICIPANT STATEMENTS |

You will receive a statement that summarizes your account four times each year following the end of each calendar quarter.

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