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What is a 401(k) plan?
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What
are the benefits of a 401(k) plan?
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What
are the 401(k) eligibility requirements?
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When
can I enroll in the 401(k) plan?
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What
are the 401(k) enrollment procedures?
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How
do I roll money over from my previous employer's 401(k) to my <company>
401(k) account?
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Does
<company> contribute to my 401(k) account?
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How
much can I contribute to my 401(k) account?
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What
are my investment options in my 401(k) account?
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How
do I determine which 401(k) fund(s) to invest in? ·
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I
want to invest money in the stock of a single company. Can I do
this through my 401(k)?
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How
and when can I change my 401(k) investment elections? ·
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Can
I change the amount of my 401(k) contribution?
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How
do I cancel my contributions to my 401(k) account?
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How
can I move my existing assets between 401(k) funds?
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How
do I access information on my 401(k) account?
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Can
I borrow money from my 401(k) account?
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When
can I make full withdrawals from my 401(k) account? ·
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Can
I take money out of my 401(k) account for financial hardship?
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Whom
do I contact about the 401(k) Savings Plan if I have further questions?
Q:
What are the 401(k) eligibility requirements?
A: All employees of <company> are eligible to contribute
to the 401(k) Savings Plan after 3 months of service, effective on
the first day of each month.
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Q:
When can I enroll in the 401(k) Savings Plan?
A: Enrollment begins on the first day of every month. You must
submit all paperwork before the 15th day of the month preceding your
enrollment date. Enrollments received after that date will become
effective on the first day of the next month.
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Q:
What are the 401(k) enrollment procedures?
A: Complete a Salary Deferral Agreement form, an Investment Election
form, and a Beneficiary Designation form. Click here to view or print
all of these forms. Send the completed forms via US mail to:
<company>
c/o Benefits Department - 401(k) Enrollment
<address>
<city, state, zip>
Once you are enrolled in the 401(k) Retirement Savings Plan, <name>
Financial Services will mail a Personal Identification Number (PIN)
to you. This PIN is used when contacting <name> Customer Service
or registering on the <name> Web site
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Q:
How do I roll over money from my previous employer's 401(k) to my
<company> 401(k) account?
A: Request a Rollover Form from the <company> Benefits Department
(benefits@blank.com). (This link requires Outlook e-mail. If you do
not have Outlook, send your suggestions by Merit mail to <e-mail>.)
Send the rollover check, rollover form, and documentation that your
former plan is a qualified Retirement Plan to the <company>
Benefits Department:
<company>
c/o Benefits Department - 401(k) Rollover
<address>
<city, state, zip>
You may transfer money originating from a previous 401(k) plan or
other qualified plan to the <company> 401(k) Savings plan at
any time. You do not have to wait until you are eligible to participate
in the plan.
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Q:
Does <company> contribute to my 401(k) account?
A: The company matches 10% of a participants first $2000 of 401(k)
contributions for each calendar year.
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Q:
How much can I contribute to my 401(k) account?
A: The minimum amount you may contribute is 1% of your weekly
regular earnings. The maximum amount you may contribute is 25% of
your weekly regular earnings. You may not contribute from bonuses,
awards and other fringe benefits earnings. Your contributions cannot
exceed the annual limit allowed by the IRS, which is $10,500 for the
2001 plan year and $11,000 for the 2002 plan year. There are additional
limitations spelled out in the 401(k) Summary Plan Description.
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Q:
What are the investment options for my 401(k) account?
A: A committee has selected nine investment funds and <company>
Common Stock Fund as your 401(k) investment alternatives. You may
invest in one fund or you may choose to spread your contributions
over several funds. You may only invest in the funds that are on the
approved list.
Below is the listing of our selected funds:
<<TABLE
DELETED>>
If
you need additional information, call an <name> Customer Service
Representative at (800) xxx-xxxx to request a prospectus on any of
the mutual funds.
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