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Daniel Moon
From: Chris Kim
Sent: Friday, December 09, 2016 10:23 AM
To: ACI.ALL
Cc: steve@chunha.com
Subject: MEMORANDUM # 119 - A (401(k) Enrollment Kit (Packet) - 12/9/2016)
Attachments: ACI 401k - Enrollment Kit (Packet).pdf
To: ACI ALL
< 401(k) Enrollment Kit (Packet) >
ACI encourages you to participate in Angeles Contractor, Inc. 401(k) Profit Sharing Plan effective January 1, 2017.
Please be advised the detail guideline & instruction as noted below:
A) You may choose ANY % of YOUR PAYROLL to contribute to your retirement account up to $18,000, or $24,000 if 50
years old or older.
B) ACI will MATCH 100% of YOUR CONTRIBUTION up to 3% of your payroll.
C) Please note that new plan starts with NO VESTING for PAST SERVICE.
D) ACI’s matching contribution will be credited at VESTING of 20% for each completed year STARTING 2017.
E) For enrollment, you may choose to fill out the enrollment form in page from page 35 to 43.
F) You may also choose to enroll via ONLINE or over the PHONE and the Instruction is on page 45 however, ACI
recommends enroll via hardcopy submission.
G) If you choose NOT to enroll, simply complete page 35 & 36 by marking “I ELECT NOT TO ENROLL” and SIGN.
H) You have until December 23, 2016 to enroll otherwise your enrollment may delay to 2/1/2017.
I) Also any change you make in the future, it will take an effect on FOLLOWING MONTH, such as payroll deduction %
change, beneficiary change, and etc….
If you need assistance with the enrollment process, you may contact Stephen Yun, ISU Insurance Service, (714) 590
3501, steve@chunha.com or One America Enrollment Specialist, (800) 249 6269.
Your Group (ACI) Number is G34898 and your Plan name is Angeles Contractor, Inc. Retirement Plan.
We will also have an enrollment consultant service at office on 12/21 from 9AM to 11AM and 12/23 from 2PM to 4PM.
Again, ACI encourages you to take advantage to you to reach your retirement goals !
Thank you.
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