One Florida Bank Enrollment PDF - Flipbook - Page 3
ELIGIBILITY AND ENROLLLMENT
Important Note:
This Plan includes an automatic enrollment feature. Effective January 1, 2023, all employees that
do not have a deferral contribution rate of 3% or higher will automatically be enrolled into the plan
with a deferral contribution rate of 3%. The amount of such automatic enrollment will increase by
1% up to a maximum of 5% of your Plan Compensation. Your first and subsequent deferral
election rate increases will occur on the anniversary of your date of hire. Your deferral will be
invested in an appropriate Target Date fund based on your age. Please contact your Human
Resources representative if you wish to make changes to this deferral percentage.
If you do not wish to participate in the Plan, you must opt out on your account on our website or in
writing by completing the enrollment form located in this book.
All completed enrollment forms should be returned to your Human Resources representative.
PLAN HIGHLIGHTS
Who is eligible to participate in the plan?
You can join the plan when you have attained age 18 and completed 1
month of service.
When can I begin contributing to the Plan?
You may enter the Plan on the date you meet the eligibility criteria specified
above.
Are rollovers accepted?
The Plan may accept a Rollover Contribution made on behalf of any
Eligible Employee, 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 9 or by completing the form in this book
and returning it to your human resources representative.
Page 2