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MassMutual 8/18/2017
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MassMutual 8/18/2017
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Entry Properties
Last modified
10/5/2017 9:28:54 AM
Creation date
10/5/2017 9:28:41 AM
Metadata
Fields
Template:
Contracts
Contractor's Name
MassMutual
Approval Date
8/18/2017
Council Approval Date
8/16/2017
Department
Human Resources
Department Project Manager
Sharon DeHaan
Subject / Project Title
Updated MassMutual 457(b) Plan Document
Tracking Number
0000842
Total Compensation
$0.00
Contract Type
Agreement
Retention Period
6 Years Then Destroy
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2.10 Protection of Persons Who Serve in a Uniformed Service <br /> An Employee whose employment is interrupted by qualified military service under Code Section <br /> 414(u) or who is on a leave of absence for qualified military service under Code Section 414(u) <br /> may elect to make additional Annual Deferrals upon resumption of employment with the <br /> Employer equal to the maximum Annual Deferrals that the Employee could have elected during <br /> that period if the Employee's employment with the Employer had continued (at the same level of <br /> Compensation)without the interruption or leave,reduced by the Annual Deferrals,if any, actually <br /> made for the Employee during the period of the interruption or leave. This right applies for five <br /> years following the resumption of employment(or, if sooner, for a period equal to three times the <br /> period of the interruption or leave). <br /> A reemployed Employee shall also be entitled to an allocation of any additional Employer <br /> Contributions, if applicable,that such Employee would have received under the Plan had the <br /> Employee continued to be employed as an eligible Employee during the period of qualified <br /> military service. Such restorative Employer Contributions(without interest),if applicable, shall be <br /> remitted by the Employer to the Plan on behalf of the Employee within 90 days after the date of the <br /> Employee's reemployment or, if later, as of the date the contributions are otherwise due for the <br /> year in which the applicable qualified military service was performed. <br /> 2.11 Corrective Measures <br /> In the event that an otherwise eligible Employee is erroneously omitted from Plan participation,or <br /> an otherwise ineligible individual is erroneously included in the Plan,the Employer shall take such <br /> corrective measures as may be permitted by applicable law. Such measures may include, in the <br /> case of an erroneously omitted Employee, contributions made by the Employer to the Plan on <br /> behalf of such Employee equal to the missed deferral opportunity, subject to the Participant's <br /> contribution limits in Section III,and,in the case of an erroneously included individual,a payment <br /> by the Employer to such individual of additional compensation in an amount equal to the amount <br /> of the individual's elective deferrals under the Plan. <br /> 7 <br /> GN- 107672 Specimen 457(b)Plan Document <br /> GPLANLVL—CORRSPND Deferred Compensation Plan <br /> Ver 102011 <br />
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