Page 29 - 2019 Sharks Benefits V6.1

401(k) Plan

This plan provides eligible employees with an opportunity to save for retirement through payroll
deductions that are tax-deferred. This means that eligible employees can defer paying federal, and in
some cases state, income tax until their account balances are distributed.

Website: http://www.TARetirement.com

Our 401(k) Plan Highlights

• Administered by Transamerica Retirement Solutions, an AEGON company, one of the world’s
leading provider of investment products, serving over 40 million customers across the globe
with $16.5 billion in plan assets under management.
• Entry Date(s) January 1, April 1, July 1, and October 1.
• Provides you access to 30 investment choices covering all assets classes: Stocks, Bonds, Cash,
Strategic Funds, and Target Retirement Funds.
• Your contributions may be on a pre-tax basis, Roth basis or both.
• Employees enroll and/or set their account to auto increase by notifying Transamerica once
their Enrollment Newsletter is received about 4-6 weeks prior to their eligibility date.
• Eligible employees may elect to contribute any amount or percentage of your compensation
(subject only to the annual deferral limit indicated below) at any time including each payroll
period. If you make any such election, no automatic increases will take effect in the future
unless that option has been elected with Transamerica
• You may roll over your plan account balance from a prior qualified retirement plan at any time.
• Your contributions and rollover contributions are 100% vested.
Safe Harbor Match Plan

• 100% of the first 3% of deferrals
• 50% of the next 2%, with 100% vesting upon contribution.
If a Participant Defers: Their Match Would Be:
1% of Compensation 1% of Compensation
2% of Compensation 2% of Compensation
3% of Compensation 3% of Compensation
4% of Compensation 3.5% of Compensation
5% of Compensation 4% of Compensation
6% or more of Compensation 4% of Compensation
* Excludes ALL Highly Compensated Employees (HCE’s)

26