Microsoft Word - PTB Sales Inc _highlights_

PTB SALES INC 401(K) PROFIT SHARING PLAN & TRUST PLAN HIGHLIGHTS Eligibility: The following employees are excluded from the Plan: Employees covered by a collective bargaining agreement Non-resident aliens You must meet the following criteria to be eligible to participate in the Plan: You must attain age 21 You must complete three (3) Months of service Please see the Summary Plan Description for any eligibility requirements for Profit Sharing contributions. Enrollment On the first day of the calendar month coincident with or next following the Periods: time you meet the eligibility criteria specified above. Contributions: You may elect to defer up to seventy-five percent (75%) of your Compensation on a pre-tax basis. You may also elect to make special 'Roth' contributions to the Plan on an after-tax basis. You may elect to change your elections to contribute to the Plan on the dates established pursuant to Plan Administrator procedures. Federal law also limits the amount you may elect to defer under the Plan ($16,500 in 2009). However, if you are age 50 or over, you may defer an additional amount up to $5,500 (in 2009). Profit Sharing The Company may, in its sole discretion, make a Profit Sharing Contribution Contributions: on your behalf in an amount determined by the Company. Such contribution, if made, will be allocated in the ratio that each Participant's Compensation bears to the Compensation of all eligible Participants. You must complete at least 500 Hours of Service during the Plan Year or be employed by the Company on the last day of the Plan Year in order to receive a Profit Sharing Contribution. Rollovers: The Plan may accept a rollover contribution made on behalf of any employee who is eligible to participate in the plan. Vesting: When you terminate employment you will generally be entitled to the vested portion of each of your accounts. You will be 100% vested in the amounts you contribute to the plan, including any rollover contributions. Your Profit Sharing Contribution Account is subject to a 2-6 year graded vesting schedule (20% per year starting with two years of vesting service). 1Copyright 2002-2009 Employee Fiduciary Corporation PTB SALES INC 401(K) PROFIT SHARING PLAN & TRUST PLAN HIGHLIGHTS Investing Plan You may direct the investment of all of your Accounts in one or more of the Contributions: available Investment Funds. Your elections will be subject to such rules and limitations as the Plan Administrator may prescribe. The Plan Administrator may restrict investment transfers to the extent required to comply with applicable law. You may change the investment direction of your Account(s) as of each business day, subject to applicable laws regarding market timing and/or requirements of the funding source. The Plan is intended to constitute a plan described in section 404(c) of ERISA. This means that Plan fiduciaries may be relieved of liability for any of your losses that are the result of your investment elections. Distributions: You may receive a distribution from your account under the following circumstances: Termination of employment Retirement Age (even if you are still working) After age 59-1/2 Death Disability Loans: The minimum loan amount is $1,000 and the maximum number of loans outstanding is 1. Contact Plan Administrator: Information: PTB Sales Inc. 1331 Mountain View Cir, Azusa, CA 91702-1649 626-334-0500 Financial Advisor: Note: These plan highlights are intended to be a very concise overview of plan features. For a detailed description of plan features, please review the Summary Plan Description or contact the Plan Administrator for more information. The plan features described in these plan highlights are subject to change and in the event of a discrepancy between the legal plan document and these highlights (or any other summary of plan features), the plan document shall control. 2Copyright 2002-2009 Employee Fiduciary Corporation V4.02-4.02 3Copyright 2002-2009 Employee Fiduciary Corporation