2016-002 - 457(b) Deferred Compensation Plan

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Eligible 457 Plan 4. [ ] Overtime. The Plan excludes overtime. 5. [ ] Specify: Compensation taken into account. For the Plan Year in which an Employee first becomes a Participant, the Plan Administrator will determine the allocation of matching and nonelective contributions by taking into account (Choose one off or g.): f. [ ] Plan Year. The Employee's Compensation for the entire Plan Year. g. [X] Compensation while a Participant. The Employee's Compensation only for the portion of the Plan Year in which the Employee actually is a Participant. 9. POST - SEVERANCE COMPENSATION (1.05(F)). Compensation includes the following types of Post - Severance Compensation paid within any applicable time period as may be required (Choose one of a. or b.): a. [ ] None. The Plan does not take into account Post - Severance Compensation as to any Contribution Type except as required under the basic plan document. b. [X] Adjustments. The following Compensation adjustments apply (Choose one or more): 1. [X] Regular Pay. Post - Severance Compensation will include Regular Pay and it will apply to all Contribution Types. 2. [ ] Leave - Cashouts. Post - Severance Compensation will include Regular Pay and Leave Cashouts and it will apply to all Contribution Types. 3. [ ] Nonqualified Deferred Compensation. Post - Severance Compensation will include Deferred Compensation and it will apply to all Contribution Types. 4. [ ] Salary Continuation for Disabled Participants. Post - Severance Compensation will include Salary Continuation for Disabled Participants and it will apply to all Contribution Types. 5. ( ] Differential Wage Payments. Post - Severance Compensation will include Differential Wage Payments (military continuation payments) and it will apply to all Contribution Types. 6. [ ) Describe alternative Post - Severance Compensation definition, limit by Contribution Type, or limit by Participant group: 10. NORMAL RETIREMENT AGE (1.20). A Participant attains Normal Retirement Age under the Plan (Choose one of a. orb.): a. [ ] Plan designation. [Plan Section 3.05(B)] When the Participant attains age . [Note: The age may not exceed age 701/2. The age may not be less than age 65, or, if earlier, the age at which a Participant may retire and receive benefits under the Employer's pension plan, if any.] b. [X] Participant designation. [Plan Section 3.05(B) and (13)(1)] When the Participant attains the age the Participant designates, which may not be earlier than age 65 and may not be later than age 70 . [Note: The age may not exceed age 701/2.] Special Provisions for Police or Fire Department Employees (Choose c. and/or d. as applicable): C. [ ] Police department employees. [Plan Section 3.05(B)(3)] (Choose 1. or 2.): 1. [ ] Plan designation. [Plan Section 3.05(13)] When the Participant attains age . [Note: The age may not exceed age 70 112 and may not be less than age 40.] 2. [ ) Participant designation. [Plan Section 3.05(B) and (13)(1)] When the Participant attains the age the Participant designates, which may not be earlier than age (no earlier than age 40) and may not be later than age [Note: The age may not exceed age 701/2.] d [ ] Fire department employees. [Plan Section 3.05(B)(3)] (Choose 1. or 2.): 1. [ ] Plan designation. [Plan Section 3.05(13)] When the Participant attains age . [Note: The age may not exceed age 70 112 and may not be less than age 40.] 2. [ ] Participant designation. [Plan Section 3.05(B) and (13)(1)] When the Participant attains the age the Participant designates, which may not be earlier than age (no earlier than age 40) and may not be later than age [Note: The age may not exceed age 70 112.] 11. ELIGIBILITY CONDITIONS (2.01). (Choose one of a. or b.): a. [X] No eligibility conditions. The Employee is eligible to participate in the Plan as of his/her first day of employment with the employer. b. [ ] Eligibility conditions. To become a Participant in the Plan, an Eligible Employee must satisfy the following eligibility conditions (Choose one or more of 1., 2. or 3.): 1. [ ] Age. Attainment of age 0 2013 3 Security Financial Resources, Inc.