Page 29 - 2018 Carlstar Benefit Guide

BENEFITS ENROLLMENT • 201829

401(k) Plan
(continued)

Company Matching Contributions

The Carlstar Group will make matching amount to satisfy certain legal requirements. The
contributions in an amount equal to 100% up Carlstar Group must tell you before the beginning
to 3% and 50% on the next 2% of your eligible of a plan year the amount of contribution which
compensation when you contribute to The Carlstar will be made to eligible participants. Safe harbor
Group 401(k) Plan. contributions are fully vested immediately, but they
are subject to restrictions on early withdrawal.
A “Safe Harbor Plan” is a plan where your employer
promises to make a contribution to eligible
participants in a designated percentage or dollar

Vesting

The term “vesting” refers to the portion of your account balance

which you are entitled to under plan rules. You are always 100%
vested in your:

X Employee 401(k) pretax contributions

X Company matching contribution account

X Rollover account

X After-tax account

X Any earnings on these accounts

Day-to-day administration and record keeping for the 401(k)
savings plan and the retirement plan are provided by Mass Mutual.