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INTRODUCTION
YourEmployer, RenbrookSchool, Inc. (theEmployer), hasestablishedthis403(b) retirementplan, Renbrook
School403(b) RetirementPlan (thePlan) toassistyouandotherEmployeesinsavingforretirement. ThePlan
isgovernedbythePlandocument, whichisacomplexlegalcontractthatcontainsalloftheprovisionsrequired
bytheInternalRevenueService (IRS) thattheEmployermustfollowwhenadministeringthePlan. This
documentfollowsspecificfederallawsandregulationsthatapplytoretirementplans. ThePlandocumentmay
changewhennewlawsorregulationstakeeffect. TheEmployeralsohastherighttomodifycertainPlan
featuresfromtimetotime. Whenthesechangesoccur, youwillbenotifiedaboutanychangesthataffectyour
rightsunderthePlan.
ThisdocumentisaSummaryPlanDescription (SPD). ItsummarizestheimportantfeaturesofthePlan
document, includingyourbenefitsandobligationsunderthePlan. Ifyouwantmoredetailedinformationabout
specificplanfeaturesorhavequestionsaboutanyoftheinformationintheSPD, youshouldcontactyour
EmployerviathemethodsoutlinedinthisSPD. YoucanalsorequestacopyofthePlandocumentfromyour
Employer.
YouwillnoticethatcertaintermsintheSPDarecapitalized. Theseareimportanttermstounderstandandthey
aredefinedinmoredetailintheDEFINITIONSsectionoftheSPD. Althoughthepurposeofthisdocumentis
tosummarizethemoresignificantprovisionsofthePlan, thePlandocumentwillprevailintheeventofany
inconsistency. Inaddition, thetermsofthePlancannotbemodifiedbywrittenororalstatementsmadetoyou
bythePlanAdministratororotherpersonnel.
ThePlanwasoriginallyeffective11/01/1964. ThisSPDdescribesthePlanasrestatedeffective01/01/2019.
ThisSPDsupersedesallpreviousSPDs.
ELIGIBILITYFORPARTICIPATION
ThePlandocumenthasbeenamendedand/orrestatedintoanewPlandocument. Ifyouwereeligibleto
participateinthepriorPlan, youwillcontinuetobeeligibletoparticipateinthisPlanwithoutsatisfyingany
additionalageorservicerequirements.
AmIeligibletomakeElectiveDeferralsandRothElectiveDeferrals?
Onceyoumeettheeligibilityrequirementsbelow, youwillbeeligibletomakeElectiveDeferralsunless
youfallintooneofthefollowingcategories.
YouareastudentperformingservicesforRenbrookSchool, Inc. andwhereyouarepursuinga
courseofstudywithRenbrookSchool, Inc. .
Youareexpectedtoworkfewerthan660hoursforthefirst12monthsofemployment. Ifyouwork
660hoursofserviceina12monthperiodyouwillbeeligibleforthePlanthefollowingyear. Once
youhaveworked660hoursina12monthperiodyouwillremaineligibleforthePlanevenifyou
failtowork660hoursinasubsequent12monthperiod.
WhateligibilityrequirementsdoIhavetomeettomakeElectiveDeferrals?
YouwillbeeligibletomakeElectiveDeferralsimmediatelyuponyourhiredate.
AmIeligibletoreceiveMatchingContributions?
Onceyoumeettheeligibilityrequirementsbelow, youwillbeeligibletoreceiveMatchingContributions.
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