| Question
#1: How
can I get forms to change my investment allocation
or beneficiary designation?
|
| Answer
#1: Once
logged in a Participant may obtain pertinent Plan
forms via dropdown
menu at the top of the page.
Adobe Acrobat is required to view and print
these forms. A
copy of this program is available by clicking the
icon at the bottom of the page.
|
|
| Question
#2: What
do I do with the form once I print it?
|
| Answer
#2: Once printed, forms should be completed
and forwarded to your Plan Administrator.
The Plan Administrator will forward the
form(s) to IPC. |
|
| Question
#3: How
can I change the address on my account?
|
| Answer
#3: An address may be changed by clicking the
Update Account button on the lefthand side of the
screen. Any
changes will be forwarded to the Employer for
validation prior to updating our system.
Please allow 7 to 10 business days for this
change.
|
|
| Question
#4: How
often are fund prices updated?
|
| Answer
#4: Fund prices are
updated daily by
10 AM
.
|
|
| Question
#5: It does not appear that the most recent
payroll deferral is reflected in my account
balance. How
can that be
? |
| Answer
#5: There will be a
delay between the time that a deferral is deducted from a participant’s payroll and the
date on which it will show on a participant’s
account. The
length of the delay is determined by the
timeliness of an employer to forward the funds to
IPC for processing.
Please see your Plan Administrator for
specific information on how Plan contributions are
forwarded to IPC. |
|
| Question
#6: How
often may I change my investment allocation?
|
| Answer
#6: Please see your Plan Administrator for the
guidelines on changing investment allocations.
|
|
| Question
#7: What is
the maximum amount I may defer to my 401(k)
account?
|
| Answer
#7: The maximum amount a participant may defer
to their 401(k) account for 2009 is $16,500
($22,000 for participants age 50 older).
Some restrictions apply.
Please see your Plan Administrator for
further information.
|
|
| Question
#8: How
long will it take to process an investment
reallocation?
|
| Answer
#8: Reallocation requests and withdrawal
requests are usually processed once a week except
at the beginning or end of a quarter.
Requests received by
noon
on Tuesday will be processed by
Wednesday. |
|
| Question
#9: What
do the Account Types mean that appear on the Account
Screen?
|
| Answer
#9: |
| Employee
Catch-Up Constribution -- Participants age 50 or older may make
catch-up contributions of $5500 for 2009 |
| Employee
Deferral Contribution -- Participant deferral contributions |
| Employer
Match Contribution -- Employer matching subject to a vesting
schedule |
| Employer Non-Qualified
Match Contribution -- Employer matching not subject to a
vesting schedule |
| Employer Profit
Sharing Contribution --
Employer profit sharing contribution |
| Employer Qualified
Match Contribution -- Employer matching subject to a vesting
schedule |
| Employer Safe
Harbor Match Contribution -- Employer matching contribution - 100%
vested |
| Loan
Balance --
Participant loan |
| Profit Sharing
Forfeiture Allocation -- Employer contributions reallocated to
eligible employees from funds forfeited by
terminated participants |
| Rollover
/ Transfer
-- Funds transferred from another qualified plan
or traditional IRA |
|
