Transcription
John Hancock Investment ManagementSIMPLE IRAEmployer guide andadoption agreementA great retirement plan solutionfor small businessesEMPLOYER DOCUMENTS
Simply put, it’s a great retirement planA SIMPLE IRA from John Hancock Investment Management is a great retirement plan solution for small businesses like yours. It’s affordable and easy to establish andmaintain. There are no annual administrative fees, no setup fees, and no transaction fees. It’s one of the least expensive ways you can help your employees prepare forthe future.Benefits of a SIMPLE IRA Easy plan setup at a low cost RX¶OO ¿QG HYHU\WKLQJ \RX QHHG WR NQRZ ULJKW KHUH LQ WKLV JXLGH -RKQ DQFRFN FKDUJHV QR SODQ VHWXS RU DQQXDO DGPLQLVWUDWLRQ IHHV 7KH ORZ DQQXDO SIMPLE IRA custodial fee is paid by your employees. Minimal administration and compliance7KH 6,03/( ,5 SODQ UHTXLUHV YHU\ OLWWOH DGPLQLVWUDWLRQ DQG FRPSOLDQFH ZRUN 7KHUH¶V QR GLVFULPLQDWLRQ RU WRS KHDY\ WHVWLQJ DQG QR )RUP UHSRUWLQJ UHTXLUHG E\ WKH ,56 -RKQ DQFRFN VXSSOLHV \RX ZLWK WKH DQQXDO GD\ QRWLFH GRFXPHQWDWLRQ IRU \RXU FRPSOHWLRQ HDFK \HDU Helps attract and retain valuable employeesOffering a John Hancock SIMPLE IRA plan helps your company attract and retain key employees, giving you a competitive edge. Valuable tax advantagesAll employer contributions to the plan are tax deductible. For your employees, salary deferral contributions are made on a pretax basis. Earnings on both salarydeferrals and your company’s contributions grow tax deferred. Taxes are incurred only when money is withdrawn from the plan. Generous employee deferral limits(OLJLEOH HPSOR\HHV PD\ FRQWULEXWH XS WR RI WKHLU VDODU\ XS WR D PD[LPXP RI IRU DQG DIWHU WKLV DPRXQW LV VXEMHFW WRFRVW RI OLYLQJ DGMXVWPHQWV (OLJLEOH HPSOR\HHV ZKR KDYH DWWDLQHG DJH EHIRUH WKH FORVH RI WKH SODQ \HDU PD\ PDNH DGGLWLRQDO HOHFWLYH GHIHUUDOV UHIHUUHG WR as catch-up contributions.The SIMPLE IRA limitCatch-up contributions forSDUWLFLSDQWV RYHU DJH 3OHDVH NHHS LQ PLQG WKDW PXWXDO IXQGV DUHQ¶W LQVXUHG E\ WKH )',& DUHQ¶W GHSRVLWV RU RWKHU REOLJDWLRQV RI WKH LQVWLWXWLRQ DQG DUHQ¶W JXDUDQWHHG E\ WKH LQVWLWXWLRQ DQG DUH VXEMHFW to investment risks, including the potential loss of principal.
SIMPLE IRA overviewEmployer eligibility(PSOR\HUV ZLWK QR PRUH WKDQ HOLJLEOH HPSOR\HHV DQG QR RWKHU TXDOL¿HG UHWLUHPHQW SODQ DUH HOLJLEOH WR DGRSW D 6,03/( ,5 SODQ (OLJLEOH HPSOR\HUV LQFOXGH corporations, partnerships, sole proprietorships, and tax-exempt organizations, such as American Indian tribes and governmental entities.Employee eligibility(PSOR\HHV ZKR KDYH HDUQHG RU PRUH GXULQJ DQ\ WZR SULRU FDOHQGDU \HDUV DQG ZKR DUH H[SHFWHG WR HDUQ RU PRUH LQ WKH FXUUHQW \HDU DUH HOLJLEOH WR participate in the plan.You may exclude certain union members, nonresident aliens, and employees acquired due to a merger or related transaction. You may also reduce thecompensation and/or employment requirements to make the plan available to more employees. Employee salary deferrals are taken directly out of theirpaychecks, making saving for retirement easy and convenient.Flexible employer contributions V WKH HPSOR\HU \RX PXVW FRQWULEXWH WR WKH SODQ RQ EHKDOI RI \RXU HPSOR\HHV FKRRVLQJ RQH RI WKH IROORZLQJ RSWLRQV HDFK \HDU Matching contribution0 DWFK HPSOR\HH VDODU\ GHIHUUDOV GROODU IRU GROODU XS WR RI WKHLU FRPSHQVDWLRQ RX PD\ HOHFW D ORZHU PDWFKLQJ FRQWULEXWLRQ SHUFHQWDJH QRW OHVV WKDQ LQ DQ\ WZR \HDUV RXW RI D ¿YH \HDU SHULRG Nonelective contribution0 DNH D QRQHOHFWLYH FRQWULEXWLRQ WR HDFK HOLJLEOH HPSOR\HH XS WR D PD[LPXP RI 7KH FRQWULEXWLRQ LV FDOFXODWHG E\ PXOWLSO\LQJ E\ WKH employee’s compensation, up to the maximum compensation limit.Access to contributions WithdrawalsAll employer and employee contributions are vested immediately. Employees can withdraw money at any time; however, regular income taxes and federalSHQDOWLHV PD\ DSSO\ :LWKGUDZDOV WDNHQ ZLWKLQ WKH ¿UVW WZR \HDUV EHIRUH DJH ò ZLOO UHVXOW LQ D SHQDOW\ :LWKGUDZDOV WDNHQ DIWHU WKH ¿UVW WZR \HDUV EHIRUH DJH ò ZLOO UHVXOW LQ D SHQDOW\ 3HQDOWLHV GRQ¶W DSSO\ WR ZLWKGUDZDOV PDGH IRU GHDWK GLVDELOLW\ PHGLFDO H[SHQVHV KHDOWK LQVXUDQFH IRU XQHPSOR\HG ZRUNHUV HGXFDWLRQ H[SHQVHV ¿UVW WLPH KRPHEX\HUV OLIHWLPH OLPLW RU VXEVWDQWLDOO\ HTXDO SHULRGLF SD\PHQWV /RDQV DUHQ¶W SHUPLWWHG Distributions'LVWULEXWLRQV PXVW EHJLQ E\ SULO RI WKH \HDU IROORZLQJ WKH \HDU WKH 6,03/( ,5 KROGHU UHDFKHV DJH ò RU LI WKH 6,03/( ,5 RZQHU ZDV ERUQ RQ RU DIWHU -XO\ Transfers/rollovers( PSOR\HHV DUHQ¶W DOORZHG WR UROO RYHU PRQH\ IURP RWKHU TXDOL¿HG SODQV E SODQV RU ,5 DFFRXQWV LQWR WKHLU 6,03/( ,5 DFFRXQW RZHYHU HPSOR\HHV FDQ WUDQVIHU RU UROO RYHU WKHLU 6,03/( ,5 LQWR DQRWKHU 6,03/( ,5 DW DQ\ WLPH RU UROO WKHLU 6,03/( ,5 LQWR D UHJXODU ,5 RU TXDOL¿HG SODQ DIWHU WZR \HDUV For your employees SIMPLE IRA enrollment kitThis kit contains all the information and forms your employees will need to participate in your plan. The SIMPLE IRA employee guide provides retirementsavings information and the adoption agreement employees need to establish their SIMPLE IRA account. Toll-free retirement support2 QOLQH RU RYHU WKH SKRQH \RXU HPSOR\HHV FDQ FKHFN DFFRXQW EDODQFHV DQG IXQG LQIRUPDWLRQ RU PDNH WUDQVDFWLRQV KRXUV D GD\ GD\V D ZHHN RU WKH\ FDQ FDOO RXU WROO IUHH FXVWRPHU VHUYLFH FHQWHU PRVW EXVLQHVV GD\V Retirement plan account access2 XU ZHEVLWH MKLQYHVWPHQWV FRP DQG ( 6, /LQH DUH DYDLODEOH KRXUV D GD\ GD\V D ZHHN IRU UHWLUHPHQW DFFRXQW LQTXLULHV DQG account changes. Quarterly statementsOur timely statements make it easy for your employees to monitor their retirement investments and account transactions.
Establishing a SIMPLE IRA is easyThis kit contains all the forms and paperwork you need to establish a SIMPLE IRA plan. Take a moment to review them and read the prospectus for the-RKQ DQFRFN PXWXDO IXQG V \RX¶YH VHOHFWHG WKHQ VLPSO\ IROORZ WKH VWHSV EHORZ 1 Complete and mail the following forms to the address noted below 6,03/( ,5 HOLJLELOLW\ IRUP )RUP 6,03/( ,5 DGRSWLRQ DJUHHPHQW )RUP Note: SIMPLE IRA plans may only be maintained on a calendar year basis and generally must be established between January 1 and October 1. RXU 6,03/( ,5 ZHOFRPH OHWWHU ZLOO DUULYH VKRUWO\ DIWHU \RXU SODQ LV VHW XS 7KLV OHWWHU ZLOO FRQWDLQ \RXU SODQ LGHQWL¿FDWLRQ QXPEHU ZKLFK VKRXOG EH UHIHUHQFHG on all future correspondence.2 Communicate your SIMPLE IRA plan to your employeesCommunicate the date of the enrollment to your employees&RPSOHWH WKH 6,03/( ,5 SDUWLFLSDWLRQ QRWLFH DQG VXPPDU\ GHVFULSWLRQ )RUP 'LVWULEXWH D FRS\ WR DOO HOLJLEOH HPSOR\HHV FRS\ VKRXOG FRQWLQXH WR EH VHQW each year thereafter.Note: RX PXVW QRWLI\ \RXU HPSOR\HHV RI WKHLU HOLJLELOLW\ WR SDUWLFLSDWH LQ WKH SODQ DQG \RXU HPSOR\HU FRQWULEXWLRQ IRUPXOD DW OHDVW GD\V SULRU WR WKH ¿UVW GD\ RI WKH SODQ \HDU ,Q WKH SODQ¶V ¿UVW \HDU WKH GD\ SHULRG LV UROOLQJ DQG LV EDVHG RQ WKH SODQ¶V HIIHFWLYH GDWH ,Q VXFFHHGLQJ \HDUV WKH GD\ SHULRG UXQV IURP 1RYHPEHU WR 'HFHPEHU 6,03/( ,5 SODQV DUH FDOHQGDU \HDU SODQV ZKLFK PHDQV WKH SODQ \HDU VWDUWV RQ -DQXDU\ 3 Hold an enrollment meetingDistribute a SIMPLE IRA Eemployee package to each eligible employeeYour investment professional can help you explain the plan to your employees.4 Complete the plan setupCollect the following forms from each eligible employee and mail to the address noted below)RUPV DUH DYDLODEOH DW MKLQYHVWPHQWV FRP SIMPLE IRA employee adoption agreement—All eligible employees must complete this form if you choose the nonelective contribution. If you choose tomake the matching contribution, only employees who will make salary deferral contributions need to complete the form.Salary reduction agreement— RX PXVW ¿OO LQ WKH HIIHFWLYH GDWH RI WKH SODQ LQ 6HFWLRQ % DQG VLJQ WKH ERWWRP RI WKLV DJUHHPHQW IRU HDFK HPSOR\HH .HHS D copy of this agreement for payroll purposes.5 Send contributions to John HancockUse the John Hancock Simple Pay access form (Form 4) to manage and submit your contributions electronically over a secure internet site7KLV PHWKRG DOORZV \RX WR IXQG LQYHVWPHQWV WKURXJK XWRPDWHG &OHDULQJ RXVH & DQG UHGXFHV WKH WLPH QHHGHG WR FRPSOHWH DOORFDWLRQ VSUHDGVKHHWV ,I \RX believe that submitting a check is best for your plan, you may instead submit a check with the SIMPLE IRA transmittal form each time you send contributions to-RKQ DQFRFN 7KH WUDQVPLWWDO IRUP FDQ EH IRXQG DW MKLQYHVWPHQWV FRP ,I \RX KDYH DQ\ TXHVWLRQV RU QHHG KHOS FRPSOHWLQJ WKH IRUPV SOHDVH FRQWDFW \RXU LQYHVWPHQW SURIHVVLRQDO IRU DVVLVWDQFH .HHS FRSLHV RI DOO GRFXPHQWV IRU \RXU ¿OHV 3OHDVH PDLO DOO HPSOR\HU DQG HPSOR\HH IRUPV WRRegular mailJohn Hancock Signature Services, Inc.3 2 %R[ .DQVDV &LW\ 02 Express mailJohn Hancock Signature Services, Inc. :HVW th Street6XLWH .DQVDV &LW\ 02
Reset FormFORM 1SIMPLE IRA eligibility formIntroductionInstructionsPlease use this form, with the assistance of your attorney or tax advisor, to determine if you’re eligible toadopt a SIMPLE IRA plan. Please print in all capital letters and use black ink.Questions about this form? Contact us: jhinvestments.comSee the end of this formfor return instructions1. Requirements HV 1R1Do you own or control a business for which you provide personal services and receive income?If the answer is NO, PLEASE STOP HERE. You’re not eligible to establish this plan.2 'R \RX KDYH PRUH WKDQ HPSOR\HHV ZKR UHFHLYHG DW OHDVW RI FRPSHQVDWLRQ IURP \RX LQ WKH SUHYLRXV FDOHQGDU \HDU"If the answer is YES, PLEASE STOP HERE. You’re not eligible to establish this plan (certain acquisition exception rules apply).3 DYH \RX PDLQWDLQHG DQ\ RWKHU TXDOL¿HG SODQ GXULQJ WKH FXUUHQW FDOHQGDU \HDU LQ ZKLFK FRQWULEXWLRQV ZHUH PDGH RU EHQH¿WV ZHUH DFFUXHG" If the answer is YES, PLEASE STOP HERE. You’re not eligible to establish this Plan.Note: RX PD\ KDYH WR LQFOXGH WKH OHDVHG HPSOR\HHV DQG RU HPSOR\HHV RI WKH RWKHU EXVLQHVV HV LQ \RXU SODQ LI \RXU EXVLQHVV L V D PHPEHU RI D FRQWUROOHG JURXS RI FRUSRUDWLRQV EXVLQHVVHV RU WUDGHV ZKHWKHU RU QRW LQFRUSRUDWHG ZLWKLQ WKH PHDQLQJ RI ,QWHUQDO 5HYHQXH &RGH ,5& 6HFWLRQ E RU F LV D PHPEHU RI DQ DI¿OLDWHG VHUYLFH JURXS ZLWKLQ WKH PHDQLQJ RI ,5& 6HFWLRQ P RU XVHV WKH VHUYLFHV RI OHDVHG HPSOR\HHV ZLWKLQ WKH PHDQLQJ RI ,5& 6HFWLRQ Q Please consult your tax advisor to determine what additional action, if any, you must take.2. SignatureImportant—please read before signingI certify that: I’m an authorized representative of the employer and the employer is eligible to establish the SIMPLE IRA plan of the prototype sponsor. In determining my eligibility to adopt this plan, I relied solely on the advice of my own advisors. I agree not to hold the prototype sponsor responsible for any liabilities I may suffer as a result of being found ineligible to establish this plan.6,*1HERE 6LJQDWXUH RI DXWKRUL]HG SHUVRQ 'DWH VLJQHG 00 '' 35,17HERE 1DPH RI SHUVRQ DXWKRUL]HG WR DFW RQ EHKDOI RI WKH HPSOR\HU SOHDVH SULQW RU W\SH3. Mail3OHDVH PDLO DOO HPSOR\HU DQG HPSOR\HH IRUPV WRESIRAFM FORM 1 Regular mailJohn Hancock Signature Services, Inc.3 2 %R[ .DQVDV &LW\ 02 PAGE 1 OF 1Express mailJohn Hancock Signature Services, Inc. :HVW th Street6XLWH .DQVDV &LW\ 02 VFHQVXV //&
FORM 2SIMPLE IRAemployer adoption agreementIntroductionInstructionsPlease use this form for John Hancock custodial accounts. This form allows you to open a new SIMPLEIRA plan.Questions about this form? Contact us: The instructions are designed to help you, the employer, along with your attorney and/or tax advisor,to establish your SIMPLE IRA plan. These instructions are meant to be used as a general guide andDUH QRW LQWHQGHG DV D VXEVWLWXWH IRU TXDOL¿HG OHJDO RU WD[ DGYLFH 3OHDVH SULQW LQ DOO FDSLWDO OHWWHUV DQG use black ink.jhinvestments.comSee the end of this formfor return instructions1. Employer information3OHDVH ¿OO LQ WKH UHTXHVWHG LQIRUPDWLRQ 1DPH RI DGRSWLQJ HPSOR\HU )D[ QXPEHU1DPH RI FRQWDFW SHUVRQ 3KRQH QXPEHU GGUHVV PXVW EH D 8 6 DGGUHVVCityStateZip code GRSWLQJ HPSOR\HU¶V IHGHUDO WD[ LGHQWL¿FDWLRQ QXPEHU 1XPEHU RI HOLJLEOH HPSOR\HHV2. Establishment and purpose of plan7KHUH DUH QR HOHFWLRQV UHTXLUHG IRU 6HFWLRQ 5HIHU WR WKH EDVLF SODQ GRFXPHQW IRU LQIRUPDWLRQ UHJDUGLQJ WKLV VHFWLRQ 3. Effective dates7KLV 6,03/( ,5 SODQ LV HLWKHU D QHZ SODQ DQ LQLWLDO DGRSWLRQ RU DQ DPHQGPHQW DQG UHVWDWHPHQW RI DQ H[LVWLQJ 6,03/( ,5 SODQ ,I WKLV LV D QHZ SODQ FKHFN RSWLRQ DQG ¿OO LQ WKH HIIHFWLYH GDWH 7KH HIIHFWLYH GDWH LV XVXDOO\ WKH ¿UVW GD\ RI WKH SODQ \HDU LQ ZKLFK WKLV DGRSWLRQ DJUHHPHQW LV VLJQHG )RU H[DPSOH LI WKLV DGRSWLRQ DJUHHPHQW LV VLJQHG RQ 6HSWHPEHU WKH HIIHFWLYH GDWH ZRXOG EH -DQXDU\ 6,03/( ,5 SODQ FDQ¶W KDYH DQ HIIHFWLYH date that’s before the date you actually adopt the plan.,I WKH UHDVRQ \RX¶UH DGRSWLQJ WKLV SODQ LV WR DPHQG DQG UHVWDWH DQ H[LVWLQJ 6,03/( ,5 SODQ FKHFN RSWLRQ 7KH H[LVWLQJ SODQ WKDW ZLOO EH UHSODFHG LV FDOOHG D prior plan. You’ll need to know the effective date of the prior plan. The best way to determine the effective date is to refer to the prior plan adoption agreement.7KH HIIHFWLYH GDWH RI WKLV DPHQGPHQW DQG UHVWDWHPHQW PXVW EH WKH ¿UVW GD\ RI WKH SODQ \HDU LQ ZKLFK WKH DGRSWLRQ DJUHHPHQW LV VLJQHG Option 1 This is the initial adoption of a SIMPLE IRA plan by the employer.The effective date of this plan is.Note: The effective date may be any date between January 1 and October 1.2SWLRQ 7KLV LV DQ DPHQGPHQW DQG UHVWDWHPHQW RI DQ H[LVWLQJ 6,03/( ,5 SODQ D SULRU SODQ The prior plan was initially effective on.The effective date of this amendment and restatement is January 1,.Note: If no option is selected, option 1 shall be deemed to be selected.ESIRAFM FORM 2 PAGE 1 OF 3 &: VFHQVXV //&
4. Eligibility requirements6HFWLRQ VKRXOG EH FRPSOHWHG HYHQ LI \RX GRQ¶W KDYH HPSOR\HHV RWKHU WKDQ \RXUVHOI Within limits, you, as the employer, can specify the compensation your employees must earn from you over a period of years before they’re eligible to participateLQ WKLV SODQ 1RWH WKDW WKH HOLJLELOLW\ UHTXLUHPHQWV WKDW \RX VHW XS IRU WKH SODQ DOVR DSSO\ WR \RX )RU H[DPSOH LI \RX HVWDEOLVK D VHUYLFH UHTXLUHPHQW UHTXLULQJ (PSOR\HHV WR HDUQ DW OHDVW LQ FRPSHQVDWLRQ IURP \RX GXULQJ DQ\ WZR SUHFHGLQJ \HDUV DQG UHTXLUH WKDW HPSOR\HHV EH H[SHFWHG WR HDUQ DW OHDVW GXULQJ WKH FXUUHQW \HDU RQO\ WKRVH HPSOR\HHV LQFOXGLQJ \RXUVHOI ZRXOG EH HOLJLEOH WR SDUWLFLSDWH LQ this plan.Part AService requirement: If you want all employees to be eligible to participate in the plan, check option 1. , I \RX ZDQW WR OLPLW SDUWLFLSDWLRQ E\ LQFOXGLQJ FRPSHQVDWLRQ DQG \HDU V UHTXLUHPHQWV FKHFN RSWLRQ )LOO LQ WKH DPRXQW RI DQQXDO FRPSHQVDWLRQ UHTXLUHG for participation. In addition, provide the number of preceding years participants are required to satisfy the minimum compensation requirement. Full eligibility—All employees are eligible. Limited eligibility—(OLJLELOLW\ LV OLPLWHG WR HDFK HPSOR\HH ZKR VDWLV¿HV WKH UHTXLUHPHQWV LQ ERWK D DQG E EHORZ Option 1 2SWLRQ D Prior year compensation— Q HPSOR\HH ZKR KDV UHFHLYHG DW OHDVW RU compensation during any two, or , if lesser, in VSHFLI\ ]HUR RU RQH LI OHVV SUHFHGLQJ \HDUV QHHG QRW EH FRQVHFXWLYH DQGE Current year compensation— Q HPSOR\HH ZKR LV UHDVRQDEO\ H[SHFWHG WR UHFHLYH DW OHDVW RU if less, in Ccompensation during the current year.,Note: If no option is selected, option 1 shall be deemed to be selected.3DUW % C lasses of employees not eligible to participate: All employees will be eligible to become participants unless indicated otherwise. To exclude aSDUWLFXODU FODVV HV RI HPSOR\HHV VHOHFW WKH FODVV HV RI HPSOR\HHV \RX ZLVK WR H[FOXGH IURP SDUWLFLSDWLQJ LQ WKLV SODQ 7KH IROORZLQJ GHVFULEHV WKH HPSOR\HHV ZKR PD\ EH H[FOXGHG ( PSOR\HHV FRYHUHG E\ WKH WHUPV RI D FROOHFWLYH EDUJDLQLQJ DJUHHPHQW H J D XQLRQ DJUHHPHQW ZKHUH UHWLUHPHQW EHQH¿WV ZHUH WKH VXEMHFW RI good faith bargaining (PSOR\HHV ZKR DUH QRQUHVLGHQW DOLHQV ZLWKRXW DQ\ 8 6 LQFRPH 1HZ HPSOR\HHV DV D UHVXOW RI DQ DFTXLVLWLRQ RU VLPLODU WUDQVDFWLRQ GXULQJ D WUDQVLWLRQ SHULRGExclusion of certain classes of employees: OO HPSOR\HHV ZLOO EH HOLJLEOH WR EHFRPH SDUWLFLSDQWV LQ WKH SODQ H[FHSW VHOHFW DQ\ WKDW DSSO\ Collective bargaining unit—(PSOR\HHV DV GHVFULEHG LQ 6HFWLRQ RI WKH SODQ ,I QRW VHOHFWHG WKLV ER[ ZLOO EH GHHPHG WR EH VHOHFWHG LI WKH H[FOXVLYH SODQ UHTXLUHPHQW DV GHVFULEHG LQ 6HFWLRQ RI WKH SODQ DSSOLHV Nonresident aliens— V GHVFULEHG LQ 6HFWLRQ % RI WKH SODQ Acquired employees— V GHVFULEHG LQ 6HFWLRQ & RI WKH SODQ ,I QRW VHOHFWHG WKLV ER[ ZLOO EH GHHPHG WR EH VHOHFWHG LI WKHUH¶V D IDLOXUH WR PHHW WKH H[FOXVLYH SODQ UHTXLUHPHQW GXH WR DQ DFTXLVLWLRQ RU VLPLODU WUDQVDFWLRQ DV GHVFULEHG LQ 6HFWLRQ RI WKH SODQ 5. ContributionsPart A Catch-up contributions: ,QGLFDWH LI WKH SODQ ZLOO DOORZ SDUWLFLSDQWV ZKR DWWDLQ DJH E\ WKH HQG RI WKH \HDU WR PDNH FDWFK XS FRQWULEXWLRQV Catch-up contributionsOption 1 2SWLRQ Yes 1RNote: If no option is selected, option 1 shall be deemed to be selected.3DUW % mployer contributions—Each year, you must make matching or nonelective contributions to the SIMPLE IRAs of participants in accordance withEthe basic plan document. Fill in the amount of annual compensation required for participants to be eligible to receive nonelective contributions, shouldthey be made.Employer contributions—&RPSOHWH RQO\ LI 6HFWLRQ SDUW RSWLRQ LV VHOHFWHG Each year, the employer shall make either matching contributions or nonelective contributions to the SIMPLE IRAs of participants in accordance withWKH UXOHV GHVFULEHG LQ 6HFWLRQ RI WKH SODQ )RU DQ\ \HDU WKH HPSOR\HU PDNHV QRQHOHFWLYH FRQWULEXWLRQV VXFK FRQWULEXWLRQV ZLOO EH PDGH RQ EHKDOI RI HDFK SDUWLFLSDQW ZKR KDV DW OHDVW HQWHU D GROODU DPRXQW QR OHVV WKDQ WKH DPRXQW HQWHUHG LQ 6HFWLRQ SDUW RSWLRQ DERYH LI DSSOLFDEOH DQG QR JUHDWHU WKDQ RI FRPSHQVDWLRQ IRU VXFK \HDU Se6. Amendment or termination of PlanThere are no elections required for Section 6. Refer to the basic plan document at the end of this packet for information regarding this section.ESIRAFM FORM 2 PAGE 2 OF 3 &: VFHQVXV //&
7. Employer signatureAn authorized representative of the employer must sign and date the adoption agreement. In addition, the prototype sponsor must provide its name, address, andtelephone number.I acknowledge that I have relied on my own advisors regarding the completion of this adoption agreement and the legal and tax implications of adopting this plan.I understand that my failure to properly complete this Adoption Agreement may result in adverse tax consequences. I have received a copy of this adoptionagreement and the basic plan document.6,*1HERE 6LJQDWXUH RI DXWKRUL]HG SHUVRQ 'DWH VLJQHG 00 '' 35,17HERE 1DPH RI SHUVRQ DXWKRUL]HG WR VLJQ RQ EHKDOI RI WKH HPSOR\HUJ O H NH A N C O C K1DPH RI SURWRW\SH VSRQVRU 2 0 0F U N D S , B E R K E L E Y L L C 8 0 0 - 4 3 2 - 1 9 6 9 3KRQH QXPEHUS T R E E TAddressBO S T O NM A0 2 1 1 6CityStateZip codeStateZip code8. Investment professional informationThis section must be completed by your investment professional.First nameMILast name%URNHU GHDOHU QDPHAddressCity%URNHU GHDOHU QXPEHU %UDQFK QXPEHU ,QYHVWPHQW SURIHVVLRQDO QXPEHU 3KRQH QXPEHU6,*1HERE ,QYHVWPHQW SURIHVVLRQDO VLJQDWXUH 'DWH VLJQHG 00 '' 9. Mail3OHDVH PDLO DOO HPSOR\HU DQG HPSOR\HH IRUPV WRESIRAFM FORM 2 Regular mailJohn Hancock Signature Services, Inc.3 2 %R[ .DQVDV &LW\ 02 PAGE 3 OF 3Express mailJohn Hancock Signature Services, Inc. :HVW th Street6XLWH .DQVDV &LW\ 02 &: VFHQVXV //&
FORM 3SIMPLE IRA participationnotice and summary descriptionIntroductionInstructionsPlease use this form to establish, continue, or change the salary reduction agreement for yourSIMPLE IRA plan. This information should be reviewed in full and with care before changes are made.Questions about this form? Contact us: Special considerations7KLV IRUP VKRXOG 127 EH UHWXUQHG WR -RKQ DQFRFN LW VKRXOG EH UHWDLQHG E\ WKH HPSOR\HU jhinvestments.comThis form should be retained bythe employer.1. General informationEmployer information1DPH RI HPSOR\HUAddressCityStateZip codeTrustee/custodian/issuer informationJ O H NH A N C O C KL I F E&H E A L T HI N S U R A N C EC O .1DPH RI WUXVWHH FXVWRGLDQ RU LVVXHUP . O .B O X2 1 9 9 0 9AddressKANSASCITYCityM O6 4 1 2 1 - 9 9 0 9StateZip code2. Eligibility requirementsOpportunity to participateThis form is intended, in part, to notify you of your right to choose, during the election period, to make elective deferrals under the Savings Incentive Match Plan for(PSOR\HHV 6,03/( ,5 SODQ HVWDEOLVKHG E\ \RXU HPSOR\HU 7KH HOHFWLRQ SHULRG LV JHQHUDOO\ WKH GD\ SHULRG EHIRUH WKH EHJLQQLQJ RI HDFK \HDU DQG WKH GD\ SHULRG EHIRUH WKH ¿UVW GD\ \RX EHFRPH HOLJLEOH WR SDUWLFLSDWH 7KLV QRWLFH LQFOXGHV D VXPPDU\ GHVFULSWLRQ RI \RXU HPSOR\HU¶V 6,03/( ,5 SODQ Eligible employees RX PD\ EHFRPH HOLJLEOH WR SDUWLFLSDWH LQ WKLV SODQ XQOHVV \RX DUH FRYHUHG E\ WKH WHUPV RI D FROOHFWLYH EDUJDLQLQJ DJUHHPHQW LQ ZKLFK UHWLUHPHQW EHQH¿WV ZHUH QHJRWLDWHG D QRQUHVLGHQW DOLHQ ZLWK QR 8 6 HDUQHG LQFRPH IURP \RXU (PSOR\HU an employee due to an acquisition or similar transaction involving your employer.Compensation and service7R EHFRPH HOLJLEOH WR SDUWLFLSDWH LQ WKH SODQ \RX PXVW KDYH HDUQHG GXULQJ DQ\ WZR SUHFHGLQJ \HDUV DQG \RX PXVW EH UHDVRQDEO\ H[SHFWHG WR HDUQ VXFK DPRXQW GXULQJ WKH FXUUHQW \HDU XQOHVV RWKHUZLVH VSHFL¿HG EHORZ PD\ QRW H[FHHG GXULQJ DQ\ PD\ QRW H[FHHG WZR SUHFHGLQJ \HDUV WR EH HOLJLEOH WR RX¶UH UHTXLUHG WR HDUQ DW OHDVW PD\ QRW H[FHHG GXULQJ WKH FXUUHQW \HDU SDUWLFLSDWH LQ WKH SODQ RX PXVW DOVR EH UHDVRQDEO\ H[SHFWHG WR HDUQ DW OHDVW 3. Plan contributionsFinancial institutionhasYour employer KDV QRW HOHFWHG WR PDNH DOO FRQWULEXWLRQV WR D GHVLJQDWHG ¿QDQFLDO LQVWLWXWLRQ ,I FRQWULEXWLRQV DUHQ¶W UHTXLUHG WR EH PDGH WR D GHVLJQDWHG ¿QDQFLDO LQVWLWXWLRQ \RX PXVW VHOHFW WKH ¿QDQFLDO RUJDQL]DWLRQ WKDW ZLOO VHUYH DV WUXVWHH FXVWRGLDQ or issuer of your SIMPLE IRA and notify your employer by providing a completed salary reduction agreement.,I FRQWULEXWLRQV DUH UHTXLUHG WR EH PDGH WR D GHVLJQDWHG ¿QDQFLDO LQVWLWXWLRQ \RX PD\ WUDQVIHU WKH EDODQFH LQ \RXU 6,03/( ,5 ZLWKRXW FRVW RU SHQDOW\ IURP WKH GHVLJQDWHG ¿QDQFLDO LQVWLWXWLRQ WR D 6,03/( ,5 DW WKH ¿QDQFLDO RUJDQL]DWLRQ RI \RXU FKRLFH 7R GR VR \RX PXVW UHTXHVW D WUDQVIHU GXULQJ WKH HOHFWLRQ SHULRG RU GXULQJ DQ\ RWKHU SHULRG DV DOORZHG E\ WKH GHVLJQDWHG ¿QDQFLDO LQVWLWXWLRQ 2Q UHTXHVW WKH GHVLJQDWHG ¿QDQFLDO LQVWLWXWLRQ ZLOO SHULRGLFDOO\ WUDQVIHU \RXU EDODQFH ESIRAFM FORM 3 PAGE 1 OF 2 VFHQVXV //&
3. Plan contributions (continued)Elective deferrals%\ FRPSOHWLQJ D VDODU\ UHGXFWLRQ DJUHHPHQW \RX DJUHH WR PDNH HOHFWLYH GHIHUUDOV WR WKLV SODQ RXU FRPSHQVDWLRQ ZLOO EH UHGXFHG HDFK SD\ SHULRG E\ DQ DPRXQW HTXDO WR WKH SHUFHQWDJH RI \RXU FRPSHQVDWLRQ WKDW \RX VSHFLI\ RQ WKH VDODU\ UHGXFWLRQ DJUHHPHQW *HQHUDOO\ \RXU HOHFWLYH GHIHUUDOV H[FOXGLQJ FDWFK XS FRQWULEXWLRQV PD\ QRW H[FHHG IRU DQG DIWHU WKLV OLPLW PD\ EH LQFUHDVHG WR UHÀHFW D FRVW RI OLYLQJ DGMXVWPHQW Catch-up contributionswillwill not be permitted under the plan.,I FDWFK XS FRQWULEXWLRQV DUH DYDLODEOH XQGHU WKH SODQ DQG \RX¶OO DWWDLQ DJH RQ RU EHIRUH WKH HQG RI WKH \HDU \RX¶UH HOLJLEOH WR PDNH FDWFK XS FRQWULEXWLRQV RXU FDWFK XS FRQWULEXWLRQV PD\ QRW H[FHHG IRU DQG DIWHU WKLV DPRXQW LV VXEMHFW WR FRVW RI OLYLQJ DGMXVWPHQWV You may change the amount of your elective deferrals by completing and signing a revised salary reduction agreement during the election period or any otherSHULRG VSHFL¿HG EHORZ You may discontinue making elective deferrals at any time during the year by completing and signing a revised salary reduction agreement. You’re allowed toFRPPHQFH PDNLQJ HOHFWLYH GHIHUUDOV WKH ¿UVW GD\ RI WKH \HDU IROORZLQJ WKH \HDU \RX FHDVH GHIHUULQJ XQOHVV RWKHUZLVH VSHFL¿HG EHORZ Employer contributions \RXU HPSOR\HU ZLOO PDNH PDWFKLQJ FRQWULEXWLRQV HTXDO WR RI \RXU HOHFWLYH GHIHUUDOV WKDW GRQ¶W H[FHHG RI \RXU For calendar yearFRPSHQVDWLRQ XQOHVV \RXU HPSOR\HU HOHFWV WR PDNH HLWKHU WKH DOWHUQDWLYH PDWFKLQJ FRQWULEXWLRQ RU WKH QRQHOHFWLYH FRQWULEXWLRQ GHVFULEHG LQ RSWLRQV DQG respectively, below.Option 1Matching contributions in an amount equal to your elective deferrals that don’t exceed PXVW QRW EH OHVV WKDQ 2SWLRQ 1RQHOHFWLYH FRQWULEXWLRQV HTXDO WR RI FRPSHQVDWLRQ RQ EHKDOI RI HDFK SDUWLFLSDQW ZKR HDUQV DW OHDVW GXULQJ WKH \HDU XQOHVV D GLIIHUHQW GROODU DPRXQW LV VSHFL¿HG EHORZ RX¶UH UHTXLUHG WR HDUQ DW OHDVW PD\ QRW H[FHHG GXULQJ WKH \HDU WR EH HOLJLEOH WR UHFHLYH QRQHOHFWLYH FRQWULEXWLRQV 4. DistributionsThe following is a summary of the rules applicable to distributions from SIMPLE IRAs. You’re advised to refer to your SIMPLE IRA documents and/or seek theDVVLVWDQFH RI D TXDOL¿HG WD[ DGYLVRU LI \RX KDYH DGGLWLRQDO TXHVWLRQV Procedures6,03/( ,5 DVVHWV DUH IXOO\ YHVWHG DQG PD\ EH ZLWKGUDZQ DW DQ\ WLPH VXEMHFW WR WD[HV DQG SHQDOWLHV DV H[SODLQHG EHORZ 7KH WUXVWHH FXVWRGLDQ RU LVVXHU RI your SIMPLE IRA, and not your employer, is responsible for making distributions to you at your request.Federal income taxDistributions from SIMPLE IRAs are taxed as ordinary income in the year in which you receive them. In addition, federal income-tax withholding will be appliedWR \RXU GLVWULEXWLRQ DW D UDWH RI XQOHVV \RX VSHFLI\ D KLJKHU UDWH RU ZDLYH \RXU ULJKW WR ZLWKKROGLQJ Penalties HDUO\ ZLWKGUDZDO SHQDOW\ WD[ DSSOLHV WR 6,03/( ,5 GLVWULEXWLRQV WDNHQ ZLWKLQ WZR \HDUV RI \RXU LQLWLDO SDUWLFLSDWLRQ LQ WKH SODQ XQOHVV \RX¶UH DJH ò RU ROGHU RU FDQ FODLP DQ H[HPSWLRQ IURP WKH HDUO\ GLVWULEXWLRQ SHQDOW\ GHVFULEHG LQ ,5& 6HFWLRQ W ,I \RX¶UH XQGHU DJH ò KDYH VDWLV¿HG WKH WZR \HDU UHTXLUHPHQW DQG UHFHLYH D GLVWULEXWLRQ \RX¶OO EH VXEMHFW WR D HDUO\ GLVWULEXWLRQ SHQDOW\ WD[ RolloversSIMPLE IRA distributions may be rolled over to other SIMPLE IRAs. If a SIMPLE IRA distribution is properly rolled over, your rollover amount will be excludedwhen determining the amount of your federal income tax or early distribution penalty tax. You may roll over SIMPLE IRA distributions to traditional IRAs,TXDOL¿HG UHWLUHPHQW SODQV WD[ VKHOWHUHG DQQXLWLHV DQG JRYHUQPHQWDO E GHIHUUHG &RPSHQVDWLRQ SODQV RZHYHU \RX PXVW ZDLW WZR HDUV IURP WKH GDWH you become a participant before doing so.Required minimum distributions,I \RX ZHUH ERUQ EHIRUH -XO\ \RX DUH UHTXLUHG WR EHJLQ WDNLQJ PLQLPXP GLVWULEXWLRQV IURP \RXU 6,03/( ,5 XSRQ DWWDLQPHQW RI DJH ò LQ DFFRUGDQFH ZLWK ,56 UHJXODWLRQV ,I \RX ZHUH ERUQ RQ RU DIWHU -XO\ \RX DUH UHTXLUHG WR EHJLQ WDNLQJ PLQLPXP GLVWULEXWLRQV IURP \RXU 6,03/( ,5 XSRQ DWWDLQPHQW RI DJH LQ DFFRUGDQFH ZLWK ,56 UHJXODWLRQV Procedures for withdrawalIf you wish to take a distribution from your SIMPLE IRA, you must complete a withdrawal authorization, provided by the trustee, custodian, or issuer of your6,03/( ,5 ,Q DGGLWLRQ WKH IROORZLQJ SURFHGXUHV DSSO\ WR \RX ZKHQ UHTXHVWLQJ D GLVWULEXWLRQProcedures regarding transfers7KH IROORZLQJ DGGLWLRQDO UXOHV DQG SURFHGXUHV DSSO\ WR WUDQVIHUV RI \RXU EDODQFH LQ \RXU 6,03/( ,5 ESIRAFM FORM 3 PAGE 2 OF 2 VFHQVXV //&
FORM 4John Hancock Simple Pay accessIntroductionInstructionsPlease use this form to enroll in John Hancock Simple Pay or to update an existing plan.John Hancock Simple Pay allows plan administrators to manage and submit SIMPLE IRA planFRQWULEXWLRQV WR -RKQ DQFRFN 6LJQDWXUH 6HUYLFHV ,QF -RKQ DQFRFN RYHU D VHFXUH LQWHUQHW VLWH 3OHDVH YLVLW MKLQYHVWPHQWV FRP RU FDOO IRU PRUH LQIRUPDWLRQ DQG VWHS E\ VWHS instructions on using the system.Questions about this form? Contact us: jhinvestments.comSpecial considerationsIf you wish to amend company details previously provided, please call us at the number shownfor instructions.See the end of this form forreturn instructions1. Type of requestPlease indicate the purpose of your request by marking the appropriate box below.Establish new access toJohn Hancock Simple PayAmend bank informationon an existing plan8SGDWH SODQ DGPLQLVWUDWRUon existing plan2. Company informationCompany nameStreet addressCityPlan nameStateZip codePlan ID number, if existing plan3. Adding access3OHDVH DGG DQG H[WHQG DFFHVV WR WKH LQGLYLGXDO QDPHG EHORZ OO ILHOGV VKRXOG EH FRPSOHWHG ,I \RX ZRXOG OLNH WR SURYLGH DFFHVV WR PXOWLSOH LQGLYLGXDOV SOHDVH FRS\ WKLV SDJH DQG DWWDFK DV DQ DGGLWLRQDO VKHHW 3ODQ DGPLQLVWUDWRU¶V QDPH )LUVW /DVWTitleDepartmentEmail addressPhone number4. Removing accessPlease remove the following individual from having access. All fields should be completed.3ODQ DGPLQLVWUDWRU¶V QDPH )LUVW /DVWTitleDepartmentEmail addressPhone numberESIRAFM FORM 4 PAGE 1 OF 2
5. Bank informationAttach a preprinted voided check or bank deposit slip, preprinted with your a
Please use this form for John Hancock custodial accounts. This form allows you to open a new SIMPLE IRA plan. The instructions are designed to help you, the employer, along with your attorney and/or tax advisor, to establish your SIMPLE IRA plan. These instructions are meant to be used as a general guide and
