22.04.2015 Views

December - Harley Marine Services, Inc.

December - Harley Marine Services, Inc.

December - Harley Marine Services, Inc.

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Safe, Responsible, Reliable, Efficient<br />

Page 18<br />

401(k) Plan Changes Start January 1 st<br />

Happy holidays to everyone!! We just wanted to take a moment and<br />

remind you of the 401(k) plan changes which will be effective January 1,<br />

2012:<br />

Administrative Questions<br />

If you have questions regarding<br />

your quarterly statement, participant<br />

website, or plan provisions, please<br />

contact your plan administrator:<br />

Eligibility: Service requirements will be decreased from 12 months of<br />

service to 3 months of service.<br />

Entry: Enrollment periods into the plan will be expanded from semiannually<br />

(January, July) to quarterly (January, April, July, October).<br />

Company Match: New participants will now receive the company<br />

match at the first day of the quarter after the employee’s one year<br />

anniversary. However, employees hired on or prior to <strong>December</strong> 31,<br />

2010 enrolling into the plan on January 1, 2012 will receive the company<br />

match beginning on January 1, 2012.<br />

Roth: You will now have the ability to save into your retirement plan<br />

on an after-tax basis.<br />

Due to the changes in the plan, <strong>Harley</strong> <strong>Marine</strong> will require all enrolled<br />

employees to submit enrollment forms for the January enrollment.<br />

Melody Prescott with Kibble & Prentice held a meeting in Seattle on<br />

November 30 th to discuss these changes. If you missed the meeting,<br />

please feel free to contact her at 206-676-7421 or 800-767-0650 Ext<br />

67421, or via email: melody.prescott@kpcom.com.<br />

Our next meeting will be held on Wednesday, <strong>December</strong> 7 th at 10:00 am<br />

in Los Angeles at the LA-301 office.<br />

Note: You may have received a notice from Charles Schwab that their<br />

Stable Value Fund will be terminated on April 30, 2012. The 401(k)<br />

committee is reviewing replacement funds and we will communicate the<br />

new fund shortly.<br />

Open Enrollment<br />

The company 401(k) open enrollment for January 2012 has arrived!<br />

Human Resources mailed out packets to eligible participants, including all<br />

necessary forms. Additionally, current participants should have received a<br />

form which allows you to make changes to your existing deferral<br />

contribution. <br />

G. Russell Knobel & Associates<br />

1-800-822-9205<br />

Investment Questions<br />

If you have questions or need<br />

guidance with the fund options in<br />

your retirement plan, please contact<br />

your plan education specialist:<br />

Kibble & Prentice<br />

Melody Prescott<br />

1-206-676-7421<br />

melody.prescott@kpcom.com<br />

Plan Eligibility<br />

You are eligible to enter your<br />

retirement plan if you are age 21<br />

or older, and have completed<br />

1 year of service.<br />

Other Questions<br />

For additional information or<br />

questions on the 401(k) program,<br />

please contact your HR<br />

Representative anytime at<br />

206-628-0051.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!