Notice to Eligible Employees of Opportunity to Make Elective Deferrals to the Amherst-Pelham Regional School District 403(b) Plan
This is to notify you that if you are an employee of Amherst Public, Amherst Regional, or Pelham Public Schools you are eligible to make an elective deferral from your salary to the Amherst-Pelham Regional Schools 403(b)
Plan (the "Plan"). If the Plan permits after-tax Roth contributions,
such elective deferrals may be designated as Roth contributions.
To make an
elective contribution to the Plan, you must complete a Salary Reduction
Agreement and return it to the administrator as noted on the
Agreement. You may make, change or stop such an election to contribute
as often as you wish, and it will be effective at when indicated on the
Salary Reduction Agreement or the next applicable payroll date after it
is approved by the Plan administrator.
contributions are subject to applicable Internal Revenue Code limits and
the terms of the Plan. They may also be suspended for 6 months
following a distribution to you from the Plan on account of
hardship. For a copy of the Salary Reduction Agreement or a summary of
the Plan, or if you have any other questions, please contact MidAmerica
Administrative & Retirement Solutions, Inc. at (866) 873-4240.
Notice is to provide general information regarding availability of the
Plan. You should consult with your own financial, tax, or legal advisor
as to whether you should contribute to the Plan. Should there be any
difference between the information in this Notice and the Plan, the
terms of the Plan will control. The information in this Notice is
not intended or written to be used, and cannot be used, for the purpose
of avoiding penalties under the Internal Revenue Code or promoting,
marketing or recommending to any transaction or matter addressed herein.