September - Harley Marine Services, Inc.

Harley Marine ServicesSafe, Responsible, Reliable, EfficientSeptember 2013401(k) Plan Open Enrollment401(k) is our company-sponsored retirement plan. The plan consists oftwo components: employee contributions through payroll deductionand a company match. Contributions can be directed to a variety ofinvestment options and may be made either before tax, after tax orthrough a combination of the two. The plan documents provide all theplan details.How much should I save for retirement? The answer to this questiondepends on many factors such as your current age, planned retirementage, savings, investments, debt, expected investment returns, socialsecurity and other pensions, planned retirement lifestyle and others.Fidelity Investments research indicates that many individuals will needto save 10 – 15% or more of their employment income to have a highprobability of meeting their income needs through the end ofretirement.How do you get there? The most important step is to start savingstoday. An easy way, if you are just starting to save for retirement is tostart small and each six months increase your deferral by one-half of apercent of your salary. You will not feel much pain as you increaseyour contribution and over time you have the opportunity to build upa solid nest egg for retirement.(Note that there is a degree of risk in any investing and results cannot beguaranteed. You are well advised to consult with the plan’s educationspecialist.)The quarterly open enrollment period for October 2013 has arrived.Human Resources recently mailed out packets to new employees,including all necessary forms. For those currently participating and/oreligible employees, the 401(k) informational packets can be located onthe PAF system, including deferral and beneficiary forms. The packetsinclude updated educational material and information regardinginvestment options.Please remember open enrollment is the only time you can changeyour deferral amount. You may change your investment electionsanytime online at www.moranknobel.com. The deadline for returningforms to your local HR representative is Tuesday, September 24th,2013. Due to administrative constraints, any forms turned in after thedeadline will not be processed and you will have to enroll during thenext open enrollment in January 2014. For additional information orquestions on the 401(k) program, please contact your HRRepresentative anytime at 206-628-0051.Administrative QuestionsIf you have questions regardingyour quarterly statement,participant website, or planprovisions, please contact yourplan administrator:Moran Knobelwww.moranknobel.com425-451-93891-800-451-9389Investment QuestionsIf you have questions or needguidance with the fund options inyour retirement plan, pleasecontact your plan educationspecialist:Kibble & PrenticeMelody Prescott1-206-676-7421melody.prescott@kpcom.comPlan EligibilityYou are eligible to enter yourretirement plan if you are a nonunionemployee, age 18 or older,and have completed 3 months ofservice.Note: Union members, non-residentaliens and ferry workers of PacificCoast Maritime, Inc. are excludedfrom the company 401(k) plan.17