| A | B |
|---|
| Defined Contribution Plan | Provides an investment vehicle for employees to accumulate retirement income |
| Eligibility | May vary based on length of service, service credit and employment classification |
| One year | Service requirement for Retail Employee Savings Plan |
| JPMorgan | Record-keeper for DC plans |
| Enrollment kit | Sent to employees once they are eligible |
| Automatic Enrollment | If no election is made, this occurs for Salaried & Hourly Employees |
| Two years of service | Employee is 100% vested in company contributions after this occurs |
| Catch-Up Contribution | Available for employees over the age of 50 |
| 0-50% | Employees can elect to contribute this amount of their income |
| 50% of the first 4% | The Company matches this amount of an employee’s contributions (Retail & Salary) |
| $16,500 | 402(g) limit for 2009 |
| Roth | Beginning January 1, 2009, the pension deductions previously withheld for after-tax pension contributions were re-directed to this feature of the 401(k) savings plan |
| $1000 | Minimum loan amount |
| Hardship Withdrawal | Participants with immediate and heavy financial need and no reasonable access to money from elsewhere may request this |
| After-Tax | These types of contributions are not allowed in the Retail or Hourly Savings Plan |
| 90 days | Service requirement for Salaried & Hourly Employees |
| Company Match | This type of match for participants in the Hourly Savings Plan does not exist |
| Retirement Contributions | These types of contributions are not allowed in the Hourly Savings Plan |
