One Florida Bank Enrollment PDF - Flipbook - Page 7
ADDITIONAL INFORMATION
ERISA Section 404(c)
PLAN HIGHLIGHTS
ERISA Section 404(c) One Florida Bank 401(k) Plan is designed to comply
with Section 404(c) of the Employee Retirement Income Security Act of 1974
(ERISA), as amended. Participants in the Plan manage their own investment
accounts by directing account contributions to one or more of the investment
alternatives provided by the Plan. As a plan participant, you will be responsible
for your own investment directions. Plan fiduciaries may be relieved of liability
for any losses in your account that can be attributed to decisions made by you
or your beneficiary(ies).
One Florida Bank is the Plan administrator of the One Florida Bank 401(k)
Plan and is the Plan fiduciary. At your request, you may receive specific
information about the Plan’s investment alternatives, including a description
of annual operating expenses; copies of any prospectuses, financial statements
and reports; and details about the value, historical performance and portfolio
composition of each investment alternative.
Note: The Plan Highlights section of the booklet is intended to
provide an overview of the One Florida Bank 401(k) Plan. It is
not a legal document. For more detailed information, refer to
your Summary Plan Description. If you do not have a copy of
this document, please request one from your human resources
representative. If information in this Plan Highlights booklet or
the Summary Plan Description is inconsistent with plan
requirements, the Plan Document shall govern.
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