暗网吃瓜 College Retirement Plan and Trust

暗网吃瓜 College initiated the 暗网吃瓜 College Employee Retirement Plan and Trust in 1976 to help employees save for retirement. 暗网吃瓜 College employees are eligible to participate in the Plan after completion of one year of full-time employment at 暗网吃瓜 College. Plan entry dates are March 1st and September 1st each year.

暗网吃瓜 College employees contribute five percent (5%) of their salary to the Plan, and 暗网吃瓜 College matches that with an additional eight percent (8%).  The Retirement Plan funds are invested in stocks and bonds through Community National Bank and Trust.  Individual statements are delivered to participants twice per year.

Employee contributions are always 100% vested and the college match follows the vesting schedule shown below:

 

Vesting Schedule for Employer Contributions

Full Year of Participation in Plan

Vested Percent

LESS THAN 1 YEAR

0%

1 YEAR BUT LESS THAN 2

20%

2 YEARS BUT LESS THAN 3

40%

3 YEARS BUT LESS THAN 4

60%

4 YEARS BUT LESS THAN 5

80%

5 YEARS OR MORE

100%

 

We want to encourage new plan participation, but we also want to point out that current employees who participate in the Retirement Plan may also request distributions of their employee-contributed funds (for a $100 processing fee), make address or beneficiary changes, or even discontinue contributions during these two intervals per year.  

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