One Florida Bank Enrollment PDF - Flipbook - Page 2
PICTURE IT NOW! YOUR FINANCIAL FUTURE
WELCOME TO THE PLAN
PICTURE IT NOW! Your Financial Future
Welcome to the One Florida Bank 401(k) Plan (also known as the Plan). This
employee benefit was developed specifically to help you accumulate the
money you will need to live a long and comfortable retirement. The Plan is a
retirement savings plan that allows your retirement dollars to grow tax
deferred using investment options that you select.
“What is tax-deferred growth? How do I choose investments?”
Good questions. The answers to these and other questions can be found in this
guide, developed for One Florida Bank. You’ll also learn how to put together a
mix of investments that’s right for you based on your age, risk tolerance, and
unique financial circumstances. After reviewing the basics of asset classes and
investment performance, you’ll be ready to choose investments that meet your
needs.
We at One Florida Bank are pleased to provide this Plan to our employees, as
it is one of the most valuable employee benefits available today. We hope that
you will use the information contained herein to make the most of the One
Florida Bank 401(k) Plan. Should you have any questions about how your plan
works, please call 800-393-9900.**
Sincerely,
David Burden
Trustee
*Withdrawals will be taxed at then-current rates. Early withdrawals prior to age
59 ½ may be subject to a 10% penalty.
**While telephone representatives are happy to answer questions about the
Plan’s features and investment options, they are not permitted to provide
investment advice. For questions about the investment options relate to your
specific situation, please contact a qualified financial advisor.
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