SSBLS Employees' Profit Sharing Plan
This webpage and the links herein provide information and disclosures in regard to the Stoll Stoll Berne Lokting & Shlachter P.C. Employees’ Profit Sharing Plan. Please see the information below:
Eligibility, Plan Documents and New Enrollment Information
Upon the completion of one month of service as a regular employee with Stoll Berne, an employee becomes eligible to participate in the Employees’ Profit Sharing Plan. Please review the Summary Plan Document for a description of the Plan.
To enroll in the Plan, you need to complete the following:
1. Summary Plan Receipt Form;
2. Enrollment Form; and
3. Designation of Beneficiary Form.
Enrollment will become effective on the 1st of the next month following the completion and submission of these documents to the Director of Administration. Please hand in your forms at least one week prior to the end of the month to allow enrollment to commence at the beginning of the next month.
Please note that voting rights are not passed through to participants as the 401(k) Plan funds are pooled together. The Trustees reserve the right to exercise or not exercise votes on behalf of the plan.
How to Make Changes to Your 401(k) Investments
To make changes to your plan, you need to complete the Change Form.
Changes will become effective on the 1st of the next quarter following the completion and submission of the Change Form to the Director of Finance & Administration. Please hand in your form at least two weeks prior to the end of the quarter to allow such changes to be made to your plan.
You may cancel your salary deferrals at any time but can only make changes to the amount of the deferral, reallocate your funds, or re-enroll on a quarterly basis.
To change your listed beneficiaries, please complete the Beneficiary Change Form and submit directly to Ascensus via your personal online login. The firm does not manage any changes to your beneficiaries.
401(k) Investment Options
The Plan provides you with the option to invest funds deducted from your pay check before taxes (401(k)) or after taxes (Roth 401(k)). The funds in which you can choose to invest include:
1. Money Market Funds
a. Vanguard Treasury Money Market Investor (VUSXX)
2. Fixed Income Investments
a. Vanguard Short-Term Investment Grade Admiral (VFSUX) [S/T Bonds]
b. Vanguard Total Bond Market Index (VBTLX) [Intermediate Bonds]
3. U.S. Equity Investments
a. Vanguard Value Index Admiral (VVIAX) [Value Stocks]
b. Vanguard Total Stock Market Index Admiral (VTSAX) [Large Blend Stocks]
c. Vanguard Growth Index Admiral (VIGAX) [Growth Stocks]
d. Polen Growth Institutional (POLIX) [Growth Stocks]
e. Vanguard Mid-Cap Index Admiral (VIMAX) [Small-Mid Stocks]
f. DFA US Small-Cap (DFSTX) [Small-Cap Stocks]
g. Vanguard Real Estate Index (VGSLX) [Real Estate]
4. International Equity Investments
a. Vanguard Total World Stock Index Admiral (VTWAX) [Developed Int’l Stocks]
b. DFA International (DFIEX) [Developed Int’l Stocks]
c. Vanguard Emerging Markets (VEMAX) [Emerging Markets Stock]
5. Strategy Funds
a. Vanguard Target Retirement Income (VTINX) [30% Equity]
b. Vanguard LifeStrategy Moderation Growth (VSMGX) [60% Equity]
c. Vanguard LifeStrategy Growth (VASGX) [80% Equity]
d. Vanguard Target Retirement 2020 (VTWNX) [50% Equity]
e. Vanguard Target Retirement 2025 (VTTVX) [60% Equity]
f. Vanguard Target Retirement 2030 (VTHRX) [70% Equity]
g. Vanguard Target Retirement 2035 (VTTHX) [75% Equity]
h. Vanguard Target Retirement 2040 (VFORX) [80% Equity}
i. Vanguard Target Retirement 2045 (VTIVX) [90% Equity]
j. Vanguard Target Retirement 2050 (VFIFX) [90%Equity]
k. Vanguard Target Retirement 2055 (VFFVX) [90%Equity]
l. Vanguard Target Retirement 2060 (VTTSX) [90%Equity]
Miscellaneous Documents
Summary
For further information, please contact Stoll Berne’s Director of Administration.
(Last updated on April 17, 2024.)