| Q. |
| A. |
| You
begin participating as soon as you perform work in an approved job
classification and contributions are submitted to the Plan. |
|
|
| Q. |
| A. |
| Yes. You
can elect to have Pre-Tax or Roth after-tax contributions, or a combination of
both deducted from your paycheck. To start this process, please complete the
Voluntary Pre-Tax and Roth-401(k) Contribution Form located under the
Documents section and return to your employer. |
|
|
| Q. |
| A. |
| You are
always 100% veted in (that is, you own) the value of all contributions to your
account and any related earnings |
|
|
| Q. |
| A. |
There
are a few types of retirement benefits allowed under the Plan:
1. No contributions received for at least six consecutive months
2. You reach age 55 and retire (early retirement)
3. You reach age 60 and retire (normal retirement)
4. You become totally and permanently disabled for at least three months
In addition, there are hardship withdrawals available in certain
circumstances. |
|
|
| Q. |
| A. |
| No, there is no
loan option. |
|
|
| Q. |
| A. |
| You can
choose from a variety of investment options. Log on to millimanbenefits.com
for an up-to-date list of investment choices. |
|
|
| Q. |
| A. |
The
balance of your account will be paid to your designated beneficiary. If you
do not list a beneficiary, the balance in your account will be paid to:
1. Your Spouse
2. Your heirs (if single); or
3. Your Estate |
|
|
| Q. |
| A. |
| Log-in
at millimanbenefits.com and complete the beneficiary section |
|
|
|
|
| Q. |
| A. |
| If you
are going through a divorce, please contact Milliman and provide a copy of
your divorce documents. The documents will be reviewed by the Plan’s legal
counsel to determine what, if any, assets are awarded to another party. This
process can take up to 90-days. |
|
|
| Q. |
| A. |
| You can
apply for benefits directly with the Plan's recordkeeper at
millimanbenefits.com |
|
|