Money Type/Money Source Definitions - John Hancock USA

[Pages:4]Money Type/Money Source Definitions

How do Money Types and Money Sources differ?

. Money type refers to who makes the contribution, and the type of contribution provided for under the terms of your plan

(e.g. Employer match, Employee deferral).

. Money source refers to how the money comes to John Hancock USA (e.g. as a regular contribution, or as a transfer contribution).

To provide customized names If preferred, you can provide us with customized money type and/or money source names which will be used in all our communications with you. To customize money type and/or money source names, contact your John Hancock USA client account representative.

Customization will not change the definitions or the tax implications A customized name cannot match an existing generic name otherwise we cannot guarantee the accuracy of the money type reporting. Please provide three versions for each customized name: a short version (5 letters maximum), a medium version (12 letters maximum) and a long version (30 letters maximum). Depending on the space constraints in the reports or statements that we produce, we will use either the short, medium or long version.

Future changes to selections Please note that any subsequent information pertaining to new money types contained in the allocation instructions provided on behalf of the plan will automatically update and amend the information provided. It is important that this information is kept up to date. If you have any questions, contact your Third Party Administrator.

The TPA Source Code is used for TPA e-download files and Vesting Export files from TPA Administration Systems. If money types have been customized, the TPA Source Code below may be different. If you have any questions, consult with your John Hancock USA client account representative.

Employee Money Type Definitions

Money Type Names

These Employee Money Types are applicable to all Profit Sharing/401(k) plans

? Are 100% vested immediately

Employee Elective Deferral Contributions

. include all pre-tax contributions (including catch-up contributions, if applicable) made by

eligible employees participating in the plan

. are sometimes referred to as salary reduction, salary deferral, EE pretax, EE401(k)

contributions

Roth 401(k) Contributions

. include all after-tax contributions made by eligible employees participating in the plan . not available in Puerto Rico

Short: Medium: Long: TPA Source Code:

EEDEF EE ELECT DEF EE ELECTIVE DEFERRAL 04

Short: Medium: Long: TPA Source Code:

EEROT EE ROTH EE ROTH CONTRIBUTION 12

This Employee Money Type is applicable to Money Purchase or Target Benefit Plans.

Employee Mandatory Contributions

. include employee after-tax contributions . are required as a condition of participation in the plan

Short: Medium: Long: TPA Source Code:

EEMAN EE MANDATORY EE MANDATORY CONT 01

These two Employee Money Types are applicable to all plan types.

Employee Voluntary Non-Deductible Contributions

. include employees' after-tax contributions . are sometimes referred to as after-tax contributions

Short: Medium: Long: TPA Source Code:

EEVND EE VOL N-DED EE VOL NON-DED CONT 02

Employee Voluntary Deductible Contributions

. pre-tax contributions that are tax deductible when made . are contributions made before 1986 (these contributions have not been allowed since 1986) . not available in Puerto Rico

Short: Medium: Long: TPA Source Code:

EEVD EE VOL DED EE VOL DED CONT 52

GP5330US (07/2009) ? 2009 John Hancock Life Insurance Company (U.S.A.) (John Hancock USA). All rights reserved.

Page 1 of 4

Employer Money Type Definitions

Money Type Names

This Employer Money Type is applicable to all Profit Sharing and Profit Sharing/401(k) plans.

Employer Profit Sharing Contributions

. include all discretionary contributions made by your company to the company's profit sharing

plan

. may be vested at a graduated rate . are sometime referred to as ER discretionary contributions

Short: Medium: Long: TPA Source Code:

ERPS ER PROFIT SHAR ER PROFIT SHARING 00

The following Employer Money Types are applicable to 401(k) Profit Sharing plans.

? Choose ERMAT if all matching contributions are subject to the same vesting schedule. ? Choose ERMAT and ERMC3 if matching contributions are subject to different vesting schedules.

Employer Matching Contributions

. include all matching contributions made by your company

Short: Medium: Long: TPA Source Code:

ERMAT ER MATCHING ER MATCHING CONTRIB 55

Employer Matching Contributions

. include all matching contributions made by your company

Short: Medium: Long: TPA Source Code:

ERMC3 ER MATCHING 3 ER MATCHING CONTRIB 3 75

Choose one only. Qualified Non-Elective Contributions

. are 100% vested immediately . not available in Puerto Rico

Safe Harbor Non-Elective Contributions

. SHNEC's may be used to satisfy safe harbor requirements . are 100% vested immediately . not available in Puerto Rico

Qualified Automatic Contribution Arrangement (QACA) Non-Elective Contribution

. Applicable to Qualified Automatic Contribution Plans . Unique vesting rules apply

Short: Medium: Long: TPA Source Code:

QNEC QNEC QUALIFIED NON-ELECTIVE CONTRIB 08

Short: Medium: Long: TPA Source Code:

SHNEC SHNEC SAFE HARBOR NON-ELECTIVE CONTRIB 08

Short: Medium: Long: TPA Source Code:

QACN QACN QACA Non-Elective 72

Choose one only. Qualified Matching Contributions

. are 100% vested immediately . not available in Puerto Rico

Safe Harbor Matching Contributions

. SHMAC's may be used to satisfy safe harbor requirements . are 100% vested immediately . not available in Puerto Rico

Qualified Automatic Contribution Arrangement (QACA) Matching Contribution

. Applicable to Qualified Automatic Contribution Plans . Unique vesting rules apply

Safe Harbor Graded Contributions

. Safe Harbor Matching Contribution that is subject to deferred vesting schedule . not available in Puerto Rico

Short: Medium: Long: TPA Source Code:

QMAC QMAC QUALIFIED MATCHING CONTRIB 05

Short: Medium: Long: TPA Source Code:

SHMAC SHMAC SAFE HARBOR MATCHING CONTRIB 05

Short: Medium: Long: TPA Source Code:

QACM QACM QACA Matching 71

Short: Medium: Long: TPA Source Code:

S/HGR S/HGR SAFE HARBOR GRADED CONTRIB 50

GP5330US (07/2009) ? 2009 John Hancock Life Insurance Company (U.S.A.) (John Hancock USA). All rights reserved.

Page 2 of 4

These Employer Money Types are applicable to Money Purchase Plans or Target Benefit Plans only

Employer Contributions

. are required contributions made by your company to the money purchase plan . contributions are generally based on the individual participant's salary

Short: Medium: Long: TPA Source Code:

ERCON ERCON ER CONTRIB 50

Employer Money Purchase Contributions

. plan sponsor's mandatory contribution to a money purchase plan . this money is comprised of transfers arising from the termination or merger of a

Money Purchase Pension Plan

Short: Medium: Long: TPA Source Code:

ERMP ERMP ER MONEY PURCHASE 51

Employee Rollover Money Type Definitions

The following Employee Money Types are applicable to Rollover Contributions.

? Are 100% vested 401(a) (or 1165(a) in Puerto Rico) Employee Rollover Contributions

. include contributions from employees transferring their pre-tax balances from another

qualified plan

. apply only to rollover contributions from individual participants (not group transfers)

IRA Rollover Contributions

. employee rollover of IRA pre-tax monies

457(b) Rollover Contributions

. employee rollover from governmental 457 plans . not available in Puerto Rico

403(b) Rollover

. employee rollover from 403(b) plans . not available in Puerto Rico

Roth 401(k) Rollover Contributions

. employee rollover from Roth 401(k) . ancoct oauvnatilsable in Puerto Rico

SEP Rollover Contributions

. employee rollover from SEP plans . not available in Puerto Rico

SIMPLE-IRA Rollover Contribution

. employee rollover from SIMPLE-IRA plans . not available in Puerto Rico

After-tax Rollover 1

. employee rollover of after-tax contributions from 401(a) and 403(a) . not available in Puerto Rico

After-tax Rollover 2

. employee rollover of after-tax contributions from 401(a) and 403(a) . not available in Puerto Rico

Money Type Names

Short: Medium: Long: TPA Source Code:

EERC EE ROLLOVER EE ROLLOVER CONT 06

Short: Medium: Long: TPA Source Code:

Short: Medium: Long: TPA Source Code:

EEIRA EEIRA IRA ROLLOVER 21

EE457(b) EE457(b) 457 ROLLOVER 22

Short: Medium: Long: TPA Source Code:

Short: Medium: Long: TPA Source Code:

Short: Medium: Long: TPA Source Code:

Short: Medium: Long: TPA Source Code:

Short: Medium: Long: TPA Source Code:

Short: Medium: Long: TPA Source Code:

EE403 EE403 403b ROLLOVER 23

EERRT ROTH ROLLOVR ROTH ROLLOVER 29

EESEP EESEP SEP ROLLOVER 24

EESIR EESIR SIMPLE IRA ROLLOVER 25

EEAT1 EEAT1 EE AFTER TAX CONTRIB 1 27

EEAT2 EEAT2 EE AFTER TAX CONTRIB 2 28

GP5330US (07/2009) ? 2009 John Hancock Life Insurance Company (U.S.A.) (John Hancock USA). All rights reserved.

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Money Source Definitions

Regular Contribution

. includes all ongoing employee and employer contributions to your company's plan

External Transfer

. includes all contributions that your plan transferred into your John Hancock USA Contract

from another carrier Individual Rollover

. includes all contributions that participants transferred into your John Hancock USA

Contract from another Plan or IRA Internal Forfeiture Unvested

. includes all forfeited contributions that are to be redistributed into your John Hancock USA

Contract after participants have terminated External Forfeiture Unvested

. includes all forfeited contributions transferred into your John Hancock USA Contract from

another carrier

Money Source Names

Short: Medium: Long:

Short: Medium: Long:

Short: Medium: Long:

Short: Medium: Long:

Short: Medium: Long:

REG REGULAR REGULAR

XTFR EXT TRANSFER EXTERNAL TRANSFER

XTFR2 IND ROLLOVER INDIVIDUAL ROLLOVER

IFORF FORFEITURE INTERNAL FORFEITURE

XFORF EXT FORFEIT EXTERNAL FORFEITURE

GP5330US (07/2009) ? 2009 John Hancock Life Insurance Company (U.S.A.) (John Hancock USA). All rights reserved.

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