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IPS offers one of the most attractive pension programs available in the United States. At IPS you can participate in our Money Purchase Plan and a 401(k) Plan. Our plan is superior to the plans of many Fortune 500 companies. With hundreds of mutual funds and every stock exchange accessible; the sky's the limit!
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Waiting Periods:
None. All members are eligible upon employment. |
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Vesting: No vesting
Period. 100% vested upon participation. |
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Contributions: Minimum of 10% to a maximum of 25% of gross payroll (up to $44,000
Federal maximums). |
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Money Purchase = 10% of gross pay. |
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401(k) = 0 to 15% of gross pay. |
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Investments: Mutual funds (over 600, 200 with no-loads) Stocks (NYSE, AMEX,
NASDQ – at discounted rates). |
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You may make investments via an 800 number or On-line. |
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Statements: Provided on a monthly basis by snail-mail or on demand via the Internet. |
| The following are additional services available to you through the IPS Pension Plan: |
Rollovers from Prior Qualified Plans – You may rollover funds from a previous qualified plan into your IPS qualified pension account. Before IPS deposits these funds, you will complete a "Rollover Contribution Questionnaire" form to your prior plan sponsor. You also indicate whether these funds should be rolled into your money purchase or 401(k) or both.
Automatic Investments – If you wish to have your contributions automatically invested, you may participate in the "Automatic Investment Plan". You may also change or stop automatic investment instructions at any time. Note: automatic investments are only available for certain funds.
Investment Manager – If you would like an Investment Manager to invest the contributions in your pension on your behalf, you may participate in the "Limited Power of Attorney
(LPOA) for an Investment Manager" program.
Loan Requests – You may request a loan from your pension account and you may borrow the lesser of 50% of your vested balance or $50,000.
Participant Contribution Changes - You may change the percent you are contributing to your 401(k) at any time.
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