EIS Benefits


RETIREMENT SAVINGS PLAN

Employees may also participate in the EIS 401(k), which is a retirement savings plan for the benefit of the employees. EIS has partnered with Paychex and Fidelity Investments to provide an excellent opportunity for employee-directed retirement saving. Fidelity is an established investment company with funds commonly performing at the head of the financial markets. Within the 401(k) Plan, each employee has his/her own investment account. The employee decides a salary deferral rate of 1% to 12%, chooses from one or more of the Fidelity funds below, and how to allocate the deferral among the chosen funds. For each dollar the employee defers, EIS will contribute (match) another fifty cents to the employee account up to a 6% deferral rate. The employee directs the investment of both employee and employer contributions. Loans may also be taken against your 401(k) account with the interest being paid back to your 401(k) account. Further information can be found in the Enterprise Information Solutions, Inc. Profit Sharing and 401(k) Plan Summary Plan Description.

Highlights

Maximum Deferral: The employee may defer up to 12% of his/her salary each payroll period to the IRS-imposed maximum ($10,500 for 2000).

Company Matching: EIS will match $0.50 on each $1.00 up to 6% of the employee's contributions.

24 hour 800 number: EIS employees can call 1-800-401-3999 to check on their 401k account balances, transfer funds, change fund allocations, change pay deferral percentages, obtain fund performance, request account statements, request a prospectus, and more!

Fidelity Advisor Funds:

Overseas

Equity Growth

Growth Opportunities

Equity Income

Balanced Fund

Intermediate Bond

Prime Fund (Money Market)

Vesting: The vesting schedule for employer contributions is as follows:

After Year 1 of 401(k) participation: 20% vested

After Year 2: 40% vested

After Year 3: 60% vested

After Year 4: 80% vested

After Year 5: 100% vested

You are always 100% vested in your own contributions.

Eligibility: To be eligible for participation in the EIS 401(k), the employee must complete 1 continuous year of service and be over 21 years of age.

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