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11/17
SAFE HARBOR 401(K) PLAN NOTICE
TO EMPLOYEES
FROM: The Plan Administrator of the _________________________________________________________________________________________
_________________________________________________________________________________________________ Plan (the “Employer Plan”)
PLAN SPONSOR:
_______________________________________________________________________________________________ (the “Employer” or the “firm”)
If you have received this Safe Harbor Notice, our records show that you are a Participant in the firm’s Plan, listed above, or that you are an
Eligible Employee who is soon to become a Participant. This annual Safe Harbor Notice is required by the Internal Revenue Service (IRS) to
provide important information about your participation in the Plan for the coming year.
The Plan allows both Participants and the Employer (the firm) to make contributions to the Plan. One of the contributions made by the firm is
called a “Safe Harbor” contribution. A plan with a Safe Harbor design automatically satisfies certain nondiscrimination testing requirements by
providing a specified level of contributions and meeting certain other requirements.
Please carefully read and consider the following information before you decide whether to begin making 401(k) Elective Contributions to the
firm’s Plan, to continue making such contributions or to change the amount you already contribute.
Please be aware, however, that the Plan has specific legal documents that control the Plan’s provisions. In the event there is a discrepancy
between this notice and the terms of the Plan, the Plan’s legal documents will control.
1. CONTRIBUTIONS
A. Employee Contributions:
401(k) Elective Contributions. As a Participant in the Plan, you may choose to have your Compensation reduced by a certain percentage
or dollar amount each pay period and remitted to your 401(k) Plan account on your behalf as a 401(k) Elective Contribution.
When you become a Participant in the Plan, the firm’s Plan Administrator will provide you with an enrollment form that you must use
to decide whether to make 401(k) Elective Contributions and, if so, the amount. If you are already a Participant, the firm will provide
you with a salary reduction agreement that will enable you to make, modify, suspend or resume 401(k) Elective Contributions.
The final page of this Notice includes information about any limit on the percentage of your Compensation that you may defer as 401(k)
Elective Contributions, when and how often each year you may change your Elective Contributions, and other related procedures.
B. Safe Harbor Employer Contributions. If you are an eligible Participant, your 401(k) Plan account will be credited in the coming plan
year with the Safe Harbor Employer contribution selected below:
c 1(a) Safe Harbor Nonelective Employer Contribution. If you are a Participant in the Plan at any time during the year, a Safe
Harbor Nonelective Contribution equal to __________% of your eligible Compensation for the plan year will be allocated on your
behalf regardless of whether you make 401(k)Elective Contributions.
c 1(b) Safe Harbor Nonelective Employer Contribution to Another Plan. If this box is selected, the Safe Harbor Nonelective
Employer Contribution will not be credited to this Plan, but to the following plan:
___________________________________________________________________________________________________________
Consult the Summary Plan Description (SPD) available from the firm’s Plan Administrator for the above-named plan for more
information about that plan’s provisions, including additional contributions, vesting and distributions.
The Employer may amend the Plan to reduce the Safe Harbor Nonelective Employer Contributions (but never to less than 3% of
eligible Compensation), or suspend the contributions. Any such amendment will only be effective for the plan year after the plan year
in which the amendment is made.
