Page 18 - 2018 Roquette Benefit Guide
P. 18
Roquette Retirement System
Each pay period, Roquette will make a Salaried and Non- Bargaining For the
contribution to your plan account. Salaried Years of Service Union Hourly Unit Company 6.2% Money
and non-union hourly employees receive Less than 2 years (Safe Harbor) Matching Funds Purchase
0%
0%
0%
6.2% of their salary; bargaining unit 2 Years 100% 20% 20%
employees, by contract, receive $31 per 3 Years 40% 40%
week. 4 Years 60% 60%
5 Years 100% 100%
You will be automatically enrolled with
3% tax-deferred contributions. You may You may select from several investment funds. You can invest in
make changes and contribute up to 97% one fund or a combination of funds, in 1% multiples. You may
of your pay into the Plan. Contributions transfer between the funds at any time. You will register your
can be made on a pre-tax or after-tax account on www.retiresmart.com and set up your PIN number
basis. Roquette adds to your account by so that you may access your account via customer service at
matching 100% of the irst 1% of pay 800.743.5274 or the internet. Beneiciary forms can be found on
and 50% of the next 5% you save on a ONE.
pre-tax basis or in the Roth 401(k)—total Withdrawals of after-tax contributions may be made at any
of 3.5% possible for company match for time; withdrawals from pre-tax funds cannot be made without
salaried and non-union hourly employees. penalty. Withdrawing pre-tax contributions can only be made
Bargaining Unit employees received dollar under a hardship basis (deined by the IRS) or age 59 ½ If pre-
for dollar matching up to 3% pre-tax tax contributions are withdrawn, the employee is not eligible to
contributions. participate in the plan for 6 months. All amounts other than after-
X Roth 401(k) available—set money tax contributions are subject to 20% federal withholding and may
aside after-tax while the earnings be subject to an additional 10% excise tax.
accrue tax-free (as part of a qualifying
distribution) Maximum number of loans you may have outstanding at any time
X Vesting—vesting refers to how much is two and cannot exceed 50% of your vested balance or $50,000.
Your loan is repaid through payroll deduction. Money borrowed
of your account you own. YOUR from your account is not taxable, nor are you subject to plan
savings are always 100% vested. penalties unless you default on your loan repayment.
You must earn a right to Roquette
America’s basic and matching
contributions. Your vested percent
depends on your years of service with
the company as shown.
www.retiresmart.com
18 2018 Benefits Enrollment
Each pay period, Roquette will make a Salaried and Non- Bargaining For the
contribution to your plan account. Salaried Years of Service Union Hourly Unit Company 6.2% Money
and non-union hourly employees receive Less than 2 years (Safe Harbor) Matching Funds Purchase
0%
0%
0%
6.2% of their salary; bargaining unit 2 Years 100% 20% 20%
employees, by contract, receive $31 per 3 Years 40% 40%
week. 4 Years 60% 60%
5 Years 100% 100%
You will be automatically enrolled with
3% tax-deferred contributions. You may You may select from several investment funds. You can invest in
make changes and contribute up to 97% one fund or a combination of funds, in 1% multiples. You may
of your pay into the Plan. Contributions transfer between the funds at any time. You will register your
can be made on a pre-tax or after-tax account on www.retiresmart.com and set up your PIN number
basis. Roquette adds to your account by so that you may access your account via customer service at
matching 100% of the irst 1% of pay 800.743.5274 or the internet. Beneiciary forms can be found on
and 50% of the next 5% you save on a ONE.
pre-tax basis or in the Roth 401(k)—total Withdrawals of after-tax contributions may be made at any
of 3.5% possible for company match for time; withdrawals from pre-tax funds cannot be made without
salaried and non-union hourly employees. penalty. Withdrawing pre-tax contributions can only be made
Bargaining Unit employees received dollar under a hardship basis (deined by the IRS) or age 59 ½ If pre-
for dollar matching up to 3% pre-tax tax contributions are withdrawn, the employee is not eligible to
contributions. participate in the plan for 6 months. All amounts other than after-
X Roth 401(k) available—set money tax contributions are subject to 20% federal withholding and may
aside after-tax while the earnings be subject to an additional 10% excise tax.
accrue tax-free (as part of a qualifying
distribution) Maximum number of loans you may have outstanding at any time
X Vesting—vesting refers to how much is two and cannot exceed 50% of your vested balance or $50,000.
Your loan is repaid through payroll deduction. Money borrowed
of your account you own. YOUR from your account is not taxable, nor are you subject to plan
savings are always 100% vested. penalties unless you default on your loan repayment.
You must earn a right to Roquette
America’s basic and matching
contributions. Your vested percent
depends on your years of service with
the company as shown.
www.retiresmart.com
18 2018 Benefits Enrollment
