DESERET 401(K) PLAN - DMBA.com

401 KPLN3 HBB061912019 DESERET 401(K) PLANThis summary plan description (benefits handbook), or SPD, outlines the major provisions of the DESERET 401(k) plan as of January 1, 2019. KEY POINTS OF THE plan The DESERET 401(k) plan is a traditional defined contribution plan . You contribute a percentage of your income to your account and your employer matches a percentage of your contributions. You control how your contributions and your employer s contributions are invested. You re fully vested in the value of your account. That means you own the money in your account. You may borrow funds from your account and pay them back with interest. If you re married, your legal spouse is your automatic AND ENROLLMENTYou re eligible to participate in the plan if you are: Employed by a participating employer. 21 or older. In an included class of employment as defined by your employer. Regularly scheduled to work at least 1,000 hours a year or you have worked 1,000 hours in the current or prior year.

• The Deseret 401(k) Plan is a traditional safe harbor defined contribution plan to which you contribute a percentage of your eligible salary and your employer matches a percentage of your contributions. • You control how your contributions and your employer’s contributions are invested.

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