Page 30 - AESC 2019 Benefits Gudie
P. 30
X Company match—Envision AESC X Vesting—You are always 100% vested in the portion of your
will match your contributions per account balance that comes from your elective contributions,
pay period as follows including rollovers
Y 100% of the irst 1% you Vesting Requirement
contribute Your 401(k) Contributions Immediate
Y 60% of the next 4% you Company Match 1 year
contribute Company Annual Retirement 3 years
Y 10% of the next 1% you contribution
contribute X Named beneiciary—As soon as you enroll in the Envision
AESC Plan, you must name a beneiciary for your account;
Accordingly, if you contribute 6% or contact T. Rowe Price at 800.922.9945 for information on how to
more to your Plan account, Envision name your beneiciary
AESC will match 3.5% of your before-
tax pay period income to your account. X Rollover contributions—Your plan accepts rollover
contributions of vested balances from other employers’
X Company annual retirement eligible plans; for more information, contact T. Rowe Price at
(CAR) contribution—Envision 800.922.9945
AESC will make a CAR contribution X Participant loans—You can take a loan from your vested
to your 401(k) Plan account; these account balance; the minimum loan amount you can borrow is
contributions are in addition to $1,000; the maximum you may borrow is the lesser of 50% of
any matching contribution you your vested account balance OR $50,000 minus your highest
receive from Envision AESC; CAR outstanding loan balance (a total of all your plan loans) from
contributions are made during the the preceding 12 months; you may not have more than one
irst quarter following each calendar outstanding loan at any time; your loan, plus interest, must be
year; your CAR contribution is paid within ive years—except for primary residence loans, which
based on your years of credited must be repaid in 10 years; if you leave the Company, you must
service and eligible pay; below is repay your loan in full; otherwise, the outstanding balance will
the contribution schedule based on be considered a distribution and may be subject to taxes and
years of service penalties
Years of Company Contribution X Withdraws—If you leave the company for any reason—
Service (Percent of Eligible Pay) including retirement after age 65—you may withdraw your
0 through 5 2% vested account balance; while you are employed, you can make
6 through 10 3% limited withdrawals from your account if you experience a severe
11 through 15 5% inancial hardship or are age 59½ or older
16 through 20 6%
21 through 25 7% Y In the event of your death, your beneiciary may withdraw
More than 26 8% your vested balance
30 2019 Benefits Enrollment
will match your contributions per account balance that comes from your elective contributions,
pay period as follows including rollovers
Y 100% of the irst 1% you Vesting Requirement
contribute Your 401(k) Contributions Immediate
Y 60% of the next 4% you Company Match 1 year
contribute Company Annual Retirement 3 years
Y 10% of the next 1% you contribution
contribute X Named beneiciary—As soon as you enroll in the Envision
AESC Plan, you must name a beneiciary for your account;
Accordingly, if you contribute 6% or contact T. Rowe Price at 800.922.9945 for information on how to
more to your Plan account, Envision name your beneiciary
AESC will match 3.5% of your before-
tax pay period income to your account. X Rollover contributions—Your plan accepts rollover
contributions of vested balances from other employers’
X Company annual retirement eligible plans; for more information, contact T. Rowe Price at
(CAR) contribution—Envision 800.922.9945
AESC will make a CAR contribution X Participant loans—You can take a loan from your vested
to your 401(k) Plan account; these account balance; the minimum loan amount you can borrow is
contributions are in addition to $1,000; the maximum you may borrow is the lesser of 50% of
any matching contribution you your vested account balance OR $50,000 minus your highest
receive from Envision AESC; CAR outstanding loan balance (a total of all your plan loans) from
contributions are made during the the preceding 12 months; you may not have more than one
irst quarter following each calendar outstanding loan at any time; your loan, plus interest, must be
year; your CAR contribution is paid within ive years—except for primary residence loans, which
based on your years of credited must be repaid in 10 years; if you leave the Company, you must
service and eligible pay; below is repay your loan in full; otherwise, the outstanding balance will
the contribution schedule based on be considered a distribution and may be subject to taxes and
years of service penalties
Years of Company Contribution X Withdraws—If you leave the company for any reason—
Service (Percent of Eligible Pay) including retirement after age 65—you may withdraw your
0 through 5 2% vested account balance; while you are employed, you can make
6 through 10 3% limited withdrawals from your account if you experience a severe
11 through 15 5% inancial hardship or are age 59½ or older
16 through 20 6%
21 through 25 7% Y In the event of your death, your beneiciary may withdraw
More than 26 8% your vested balance
30 2019 Benefits Enrollment
