participant enrollment guide · uestions or need to enroll call the milliman benefits service...

Questions or need to enroll? Call the MIlliman Benefits Service Center at 1.866.767.1212. Or log on to MillimanBenefits.com.

Participant Enrollment Guide

Mason Companies Retirement and Savings Plan

Questions or need to enroll? Call the Milliman Benefits Service Center at 1.866.767.1212. Or log on to MillimanBenefits.com.

Welcome to the Mason Companies Retirement and Savings Plan

Enrolling in the Plan has never been easier!

Decide how much you want to save.

Choose your investments.

Enroll! Call 1.866.767.1212 or visit MillimanBenefits.com. You may also download our mobile app - Milliman Mobile Benefits to enroll.*

Use MillimanBenefits.com and its tools, such as the PlanAhead for Retirement® Calculator, or the Financial Resource Center.

Don’t forget about naming your beneficiaries!

*If you enroll via the app, you will be defaulted into the investment detailed on the QDIA notice located in this guide.

If there are discrepancies between the contents of this document and the plan document, the terms of the plan shall govern. Please refer to your Summary Plan Description (SPD) for more information on this subject. The Summary Plan Description is available at MillimanBenefits.com or along with this guide.


Not sure how much to contribute?

Your Plan HighlightsConsider these important facts about your plan.

Employee ContributionYou may contribute to your plan account through convenient payroll deductions. You may elect to make pre-tax and Roth after-tax 401(k) contributions. Your combined pre-tax and Roth after-tax 401(k) contributions may not exceed 50% of your pay.

In 2018, you can save up to $18,500. If you will be age 50 or older during the calendar year, you may be able to save up to an additional $6,000 starting at the beginning of (or any time during) that calendar year.

Employer ContributionTo help your savings grow even faster, your employer matches your contributions. Your employer will match $1 for each $1 you save up to the first 4% you contribute, and 50¢ for each $1 on the next 2% of pay you contribute.

Your employer may make discretionary profit-sharing contributions to eligible employees under the terms of your plan. The amount may vary from year to year and for some years a profit-sharing contribution may not be made.

You must be employed on the last day of your plan year and have completed 1,000 hours of service to qualify for a profit sharing contribution.

VestingThe term “vesting” refers to ownership of the money contributed to your retirement account. You are always 100% vested in the money you contribute, including any rollover or transfer contributions you have made and any matching contributions made by your employer plus any earnings on that money.

Any profit sharing contributions made to your account by Mason Companies are vested according to the following schedule:Years of Credited Service* Vested Percentage

Less than 3 0%3 or more 100%

The Power of Starting EarlyAs the illustration below shows, the earlier you begin saving, the quicker you let your savings work for you!

100,000

200,000

300,000

400,000

500,000

30 35 40 45 50 55 60 65Age

Mary$489,336

Mark$236,645


Not surehow to invest?

Your Investment OptionsThe plan offers the following approaches to investing. For more information about your investments visit the Investments tab on MillimanBenefits.com.

Let Professionals Do It For Youn InvestMap. InvestMap uses your current age along with your complete life span to chart a long-term

investment strategy called a glide path. With annual reallocations according to the glide path, your portfolio gradually becomes more conservative so you take on less and less investment risk. At younger ages, the reallocation adjustments will be slight (and may not occur every year); they will become greater as your age increases.

n Target Date Retirement Funds. Target Retirement Funds are designed to take the confusion out ofinvesting. They provide diversified investment mixes that are appropriate for different target retirement dates.These funds change investments over time, becoming more conservative as you near your retirement date.

Do It Yourselfn Custom Investment Portfolio. You design your own asset allocation. You may choose to invest in

any combination of the plan’s investment options, which represent a broad range of risk and return characteristics within various asset classes.

Francis Investment CounselFor advice related to your asset allocation, please call Francis Investment Counsel at 1.866.232.6457 or visit them online at francisinvco.com. Experienced advisors are available to assist you with any retirement planning matter.

NOTE: You are responsible for making investment decisions for your account. The plan is intended to comply with ERISA Section 404(c), which generally relieves the plan sponsor of liability for gains and losses to participant-directed accounts.


Mason Companies Retirement and Savings Plan

Required Annual Notices for Plan Year beginning 2018Qualified Default Investment Alternative (QDIA) Notice

This annual notice advises you of certain rights and obligations you have under your Retirement Plan. This notice only applies to those who have not made an alternative election.

Qualified Default Investment AlternativeYou have the right to direct the investment/default investments of your account in any of the investment choices offered. This includes elective deferrals and also matching and non-elective (company contribution accounts) in any of the investment choices available. If you do not choose an investment election for your contributions in the retirement plan, your account will automatically be invested in the Vanguard Target Date Fund based on your age, as described below.

Investment ObjectiveEach Target Date Fund is comprised of underlying mutual funds (diversified stock funds and bond funds) designed to manage risk and designed to maximize performance. Additionally, each Target Date Fund adjusts its risk and return appropriately to match your approaching retirement date.

Risk and Return CharacteristicsThe risk associated with each Target Date Fund will be commensurate with the higher risk associated with stock investing. While moderate risk is expected, each portfolio can experience periods of extreme volatility during stock market downturns. Over the long term, portfolios with more stock investments carry relatively more risk but offer higher potential returns. There is no assurance or guarantee the default funds will achieve their stated objective.

Fees and ExpensesTotal operating expenses are a combination of each of the underlying investments that make up this default allocation. The weighted average annual operating expenses of the funds are shown.

Right to Alternative InvestmentEven if the plan trustee invests some or all of your contributions in the default investment, you have the continuing right to direct the investment of your contributions in one or more of the other investment choices available to you anytime.

For Further Investment InformationYou can view the available investment options and confirm your investment instructions by logging into MillimanBenefits.com or by phone at 1.866.767.1212.

If your Birth date Falls Between Corresponding Target Date Fund Ticker Expense Ratio1947 or earlier Vanguard Target Retirement Income VTINX 0.13%1948 - 1952 Vanguard Target Retirement 2015 VTXVX 0.14%1953 - 1957 Vanguard Target Retirement 2020 VTWNX 0.14%

1958 - 1962 Vanguard Target Retirement 2025 VTTVX 0.14%1963 - 1967 Vanguard Target Retirement 2030 VTHRX 0.15%1968 - 1972 Vanguard Target Retirement 2035 VTTHX 0.15%1973 - 1977 Vanguard Target Retirement 2040 VFORX 0.16%1978 - 1982 Vanguard Target Retirement 2045 VTIVX 0.16%1983 - 1987 Vanguard Target Retirement 2050 VFIFX 0.16%1988 - 1992 Vanguard Target Retirement 2055 VFFVX 0.16%1993 - 1997 Vanguard Target Retirement 2060 VTTSX 0.16%After 1997 Vanguard Target Retirement 2065 VLXVX 0.16%


Enroll in the Plan.

Enrolling in the plan is fast and simple.You now have three ways to enroll in, review or update your retirement plan.

To enroll in or access your account anytime, log on to MillimanBenefits.com.

You may call the telephone hotline at 1.866.767.1212. Benefits Service Center Representatives

are available Monday through Friday, 7am - 7pm CST.

Milliman offers a free app - Milliman Mobile Benefits - which allows you to access your retirement account. This app is available on the App Store and Google Play.

3

EASY

HARD

JAN

1

3

EASY

HARD

JAN

1

3

EASY

HARD

JAN

1


Enroll in the Plan.

Congratulations!Way to go! You’ve taken the first step towards saving for retirement. Now, use MillimanBenefits.com to monitor your retirement plan.

Use the PlanAhead for Retirement tool to see if you are on track for a secure retirement.

If you’re not on track, use the articles, tools and calculators that are a part of the Financial Resource Center to learn how to get on the path to a secure retirement!

MillimanBenefits.com1.866.767.1212

participant enrollment guide · uestions or need to enroll call the milliman benefits service...

Documents