WebBut, unfortunately, every responsibility of a 401 (k) plan sponsor also involves documentation – some of which should be kept on hand, and others that you need to save for reference. The most important 401 (k) plan documents and records are: Basic plan document. Summary plan description. Summary annual report. Webintended to be a qualified retirement plan under Section 401(a) of the Internal Revenue Code. The purpose of the Plan is to assist eligible Employees in saving for retirement. The Plan is for the exclusive benefit of Plan Participants and their beneficiaries. This booklet is called a Summary Plan Description (“SPD”). It contains a summary ...
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Web401(k) Plan - Summary Plan Description . Introduction The Lowe’s 401(k) Plan (the Plan) is a qualified retirement plan that includes a cash deferred arrangement under section 401(k) of the Internal Revenue Code. This Plan allows you to save money for your retirement before paying federal income taxes on the amounts saved. Webpre-tax or Roth 401(k) contributions, or both, (2) choose any contribution rate from 1% to 80% and (3) make your own investment choices › Opt out—by electing a 0% contribution rate Your plan contributions You may make regular contributions—pre-tax, Roth 401(k) or both—up to the IRS annual contribution limit, which is $19,000 in 2024. philip morris equal salary
SUMMARY PLAN DESCRIPTION - Fidelity Investments
WebSummaries of Benefits and Coverage We have the tools you need to manage your health care. An SBC can help you understand your current plan or compare plans during Open Enrollment or a Special Enrollment Period. 2024 SBC: Novartis - Cambridge EPO Plan 2024 SBC: Novartis - HSA Plan 2024 SBC: Novartis - Indemnity Plan WebPlans Summaries of Benefits and Coverage Summaries of Benefits and Coverage We have the tools you need to manage your health care. An SBC can help you understand your … WebJul 26, 2024 · The Summary Plan Description, or SPD, is the main vehicle for communicating plan rights and obligations to participants and beneficiaries. As the name suggests, it is a summary of the material provisions of the plan document that tells participants what benefits the plan provides and how it operates. truhearing providers rochester ny