City Beverages Enrollment - Web Book - Ready - Flipbook - Page 3
ELIGIBILITY AND ENROLLLMENT
Important Note:
This Plan includes an automatic enrollment feature. All Eligible Employees that do not have
a deferral contribution rate of 5% or higher will automatically be enrolled into the plan with a
deferral contribution rate of 5%. Your deferral will be invested in an appropriate Target Date
fund based on your year of birth. This automatic deferral rate will increase annually by 1%
up to a maximum of 15%.
If you wish to make changes to the deferral percentage or do not wish to participate in the Plan,
you must opt out via the website www.CertifiedDifference.com by using the web login
instructions or by completing the form in this book and returning it to your human resources
representative.
Who is eligible to participate in the plan?
PLAN HIGHLIGHTS
You are eligible to participate in the plan when you have reached age 18
and have completed 500 hours of Service in a 6-month period.
When can I begin contributing to the Plan?
Eligible participants can begin contributing to the Plan on the first day of
each plan quarter coincident with or next following the time you meet the
eligibility criteria specified above.
Are rollovers accepted?
The Plan may accept a Rollover Contribution made on behalf of any
Employee not excluded from the plan, regardless of whether such employee
has met the age and service requirements of the plan.
How do I enroll in the Plan?
You can enroll via the website www.CertifiedDifference.com by using the web
login instructions found on page 7 or by completing the forms located within
this book and returning them to your human resources representative.
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