We are pleased to provide you with a competitive and convenient way to save for your retirement through payroll deductions and a generous company match!

ELIGIBILITY

You are eligible to participate in the plan as soon as administratively possible following 30 days of service with the company and attainment of age 18.

ENROLLMENT

New employees may enroll by contacting Transamerica Retirement Solutions at 800-755-5801 or my.trsretire.com. You will receive an Enrollment Booklet mailed to your home address on file. This booklet will provide you with important information and details regarding the enrollment into the plan and investment options available.

If you do not take any action to enroll, you will be automatically enrolled into the 401(k) retirement savings plan at a contribution rate of 3%.

EMPLOYEE CONTRIBUTIONS

Contributions from your pay are made on a pre-tax basis or an after-tax basis if you elect Roth deferrals—up to the IRS maximum. If you are 50 years of age or older, or if you will reach age 50 by the end of the year, you will be automatically enrolled to make catch-up contributions in addition to the normal IRS annual limit. You may opt-out of the catch-up contributions by contacting Transamerica Retirement Solutions at 800-755-5801 or my.trsretire.com prior to your 50th birthday.

EMPLOYER MATCHING CONTRIBUTIONS

Your Company will make a matching contribution each payroll period equal to 100% of the first 5% of your pre-tax or Roth salary deferral contributions.

VESTING

Vesting refers to your right of ownership to the money in your account. You are immediately vested in all your salary deferral contributions and earnings and the employer matching contributions.

AUTO-ESCALATION

Saving for retirement is very important and we want to support our employees in achieving maximum savings, especially since Your Company matches 100% up to 5% of your contributions! In efforts to help you save, your contributions will increase by 1% every year on January 1st until you are contributing 6% of your pay. You can “opt-out” at any time by contacting Transamerica Retirement Solutions at 800-755-5801 or my.trsretire.com.

FOR MORE INFORMATION

For additional details about the 401(k) retirement savings plan, please contact Transamerica Retirement Solutions at 800-755-5801 or my.trsretire.com.

To view the Summary Plan Description (SPD), visit the HR Share Point site on EDMS.