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Young Electric Sign Company Profit Sharing 401(k) Retirement Plan and Trust Smart$aveSmart$ave Profit SharingProfit Sharing.

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Presentation on theme: "Young Electric Sign Company Profit Sharing 401(k) Retirement Plan and Trust Smart$aveSmart$ave Profit SharingProfit Sharing."— Presentation transcript:

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2 Young Electric Sign Company Profit Sharing 401(k) Retirement Plan and Trust Smart$aveSmart$ave Profit SharingProfit Sharing

3 YESCO Profit Sharing 401(k) Retirement Plan and Trust May access account daily via the Internet http://retirementplan.wellsfargo.comhttp://retirementplan.wellsfargo.com or Benefits Helpline 1-800-258-2715 Customer Service Reps available Monday –Friday 6am – 9pm (MT) Statements mailed out Quarterly SMART$AVE 1. WF Cash Investment Money Market 2. PIMCO Low Duration Bond 3. Vanguard Total Bond Market Index 4. Dodge & Cox Stock 5. Vanguard 500 Index 6. Harbor Capital Appreciation 7. Causeway International Value 8. American EuroPacific Growth 9. Royce Low-Priced Stock 10. Invesco Small Cap Growth 11. WF Advantage Dow Jones Target Date (Today – 2050) 12. Self Directed Brokerage Window PROFIT SHARING (YESCO Contribution Account) Funds invested by Trustees of the Plan in various investments including employer qualified real estate Match YESCO CONTRIBUTION YOUR CONTRIBUTIONS

4 DAY 1 NEW EMPLOYEE TOOL KIT GUIDE Receive Plan Highlights with Fund Options Summary Plan Description Complete Form “G” Beneficiary Designation Rollovers: If a employee wishes to rollover funds into the plan. Refer employee to the Benefits Helpline 1 800-258-2715 to speak with a Customer Service Rep and request a “Rollover Declaration Form” Ineligible employees having outside retirement plan to which YESCO contributes employees under age 20 1/2

5 3 MONTH EMPLOYEE Smart$ave Auto Enrollment Employee will receive a “What if….” Enrollment Kit from Wells Fargo 30-days prior to becoming eligible to participate. All eligible employees are auto-enrolled at 2% pre-tax with instructions on how to increase contribution rate, change investment options, or decline participation via the Internet or thru the Benefits Helpline. must be 20 ½ years old by this date to participate If employee is not 20 ½ years old after 3 months of employment – they will receive the “What if….” Enrollment Kit just before they become eligible to participate.

6 PROFIT SHARING (YESCO Contribution Account) JANUARY 1 EACH YEAR Employee automatically enrolled upon meeting the following requirements: must be employed 6 months prior to this anniversary date must be 20 1/2 years old

7 1ST QUARTER Profit Sharing Contributions posted to Employee Accounts YESCO Contribution Smart$ave Match

8 FORMS FORM G BENEFICIARY DESIGNATION FORM 153 INSTALLMENT DISTRIBUTION REQUEST ALL OTHER REQUESTS ARE DONE VIA THE INTERNET http://retirementplan.wellsfargo.com http://retirementplan.wellsfargo.com OR THE BENEFITS HELPLINE 1-800-258-2715

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10 RETIREMENT PROFIT SHARING (YESCO Contribution Account) Installment Payments Complete Form 153 Accounts less than $5,000 can receive a lump-sum distribution. Employee has option to receive distribution after annual earnings / loses of the Real Estate are allocated. Distribution requests are done through the Internet or Benefits Helpline. Can receive distributions at age 60 SMART$AVE Distributions available in lump-sum distribution Installment Payments Receive distributions at 59 1/2 without Penalties

11 TERMINATION VESTING 6 year graded vesting on Profit Sharing (YESCO Contribution Account) and Smart$ave Match 1 year0% 2 years20% 3 years40% 4 years60% 5 years 80% 6 years 100% 100% vested at all times in your Smart$ave Deferral Account 100% vested in Roll-over Account 100% vested if due to Death, Disability or reach age 65 – Retirement Age See Summary Plan Description

12 RE-EMPLOYMENT Cash Out Rule If you terminate employment and forfeit your unvested account balance and then return to work within five (5) years (approximately, see Summary Plan Description and Forfeiture Break In Service Rule) then you may have the Plan restore your “cash out” forfeiture funds. Keep actual Rehire Date in Ceridian for provider to determine recapture and eligibility rules that apply to employee

13 History of PROFIT SHARING Annual Rate of Return

14 History of Smart$ave Match Our goal is to provide at least a 10% match for each dollar an employee contributes each year.

15 RESOURCES Fact Sheets / Prospectus –Following Performance of Funds Books or Publications –SmartMoney –Selecting Investments for Your Retirement Account –Understanding Asset Allocation Web Sites –http://retirementplan.wellsfargo.com –www.SmartMoney.com –www.Motleyfool.com


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