Page 163 - 2021-2022 New Hire Benefits

RENBROOKSCHOOL403(B) RETIREMENTPLAN

SUMMARYPLANDESCRIPTION

TABLEOFCONTENTS

INTRODUCTION .............................................................................................................................................
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1
ELIGIBILITYFORPARTICIPATION .............................................................................................................
AmIeligibletomakeElectiveDeferralsandRothElectiveDeferrals? ...........................................................
1
1
WhateligibilityrequirementsdoIhavetomeettomakeElectiveDeferrals? ..................................................
1
AmIeligibletoreceiveMatchingContributions? ...........................................................................................
2
WhateligibilityrequirementsdoIhavetomeettoreceiveMatchingContributions? ......................................
Howismyservicemeasured? ......................................................................................................................... 2
WhencanIre-enterthePlanifIterminateemploymentwiththeEmployerandamlaterrehired? ..................
2
2
CONTRIBUTIONS - EMPLOYEE ...................................................................................................................
2
DoesthePlanallowmetomakeElectiveDeferrals? ......................................................................................
2
DoIpaytaxesonanyElectiveDeferralsImake? ...........................................................................................
HowdoImakeorchangetheamountoftheElectiveDeferralsbeingwithheld? ............................................
2
OnceImakeadeferralelection, howoftencanIchange, stop, orre-starttheelection? ...................................
2
2
WhatarethelimitsonElectiveDeferrals? ......................................................................................................
DoesthisPlanautomaticallyenrollemployees? .............................................................................................. 3
3
WhathappensifIdonotmakeadeferralelectionbytheduedate? .................................................................
Willtheamountoftheautomaticdeferralsincrease? ...................................................................................... 4
4
CONTRIBUTIONS - EMPLOYER ...................................................................................................................
4
WilltheEmployermakeMatchingContributionstomyaccountunderthePlan? ...........................................
4
Whichofmycontributionswillbematched? ..................................................................................................
CantheEmployermakeQualifiedNon-ElectiveContributions? .....................................................................
4
CantheEmployermakeanyothertypeofcontributionstothePlan? ..............................................................
4
4
Whatarethelimitsontotalcontributions? ......................................................................................................
4
CanImovemoneyIhaveinanotherretirementplantothisPlan? ..................................................................
WillIreceivecontributionswhenIamnotworkingattheEmployerduetomyperformingqualifiedmilitary
service? ..........................................................................................................................................................
5
WhathappensifIdieorbecomedisabledwhileperformingqualifiedmilitaryservice? ..................................
5
VESTING..........................................................................................................................................................
5
DoIneedtoworkacertainamountoftimetokeepmyElectiveDeferralsandMatchingContributions? .......
5
HowismyservicewiththeEmployermeasuredtoearnaYearofVestingService? .......................................
5
DISTRIBUTIONS - AFTERTERMINATIONFROMSERVICE .....................................................................
5
CanItakeadistributionofmyaccountbalanceaftermyemploymentterminates? .........................................
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5
Whatformcanmydistributionafterterminationfromservicebetakenin? .....................................................
HowsoonaftermydeathdoesmyBeneficiaryhavetotakedistributions? ......................................................
5
Whatformcanthedistributionsaftermydeathbetakenin? ...........................................................................
5
WhogetsmyassetsinthePlanifIdon'tdesignateabeneficiary? ...................................................................
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6
IfIdesignateabeneficiarywillthatdesignationeverexpire? .........................................................................
CantheEmployereverforcemetotakeadistributionfromthePlan? ............................................................
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IsthereeveratimewhenIhavetotakeadistributionfromthePlan? .............................................................
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DoIhavetogetmyspouse'sconsenttotakeadistributionfromthePlan?......................................................
6
DISTRIBUTIONS - IN-SERVICE ....................................................................................................................
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