Sterling 401(k) Plan

Understanding your options when it comes to searching for your 401(k) plan record keeper and custodian can be taxing. You need a resource that will allow you to design your plan around your company's needs. Sterling Trust's truly open architecture web enabled 401(k) allows you to select the options you want and need -- all for a reasonable price. Regardless of the size of your plan, new or existing, Sterling Trust stands ready to earn your business.

For more information, email our Sales Group at STCServices@uwbank.com, or call 800.955.3434, ext. 5077. (Any information you send to us by e-mail is not transmitted through a secure connection. Please do not include any personal information you would not want to make public.)

PLAN DOCUMENTS

IRS-approved prototype plan documents – Standardized and Non-Standardized
Summary Plan Descriptions
Complete open architecture allows plan sponsor to determine:

Plan design

Plan year

Eligibility

Participant enrollment dates

Definition of compensation

PLAN ADMINISTRATION

Experienced plan administrators providing accurate, timely service
Daily execution of all transactions
Daily valuation of assets available
Voice response unit via toll-free number
Quarterly discrimination testing
Quarterly participant statements
Top-heavy testing
415 testing
Signature-ready IRS Form 5500 or 5500-C/R
Calculation of Qualified Matching Contributions and/or
Qualified Non-Elective Contributions

INTERNET ACCESS

Plan sponsor web access
Participant web access
View detailed account information
View account contribution/transaction history
View your current investment allocations
Change investment allocations
Rebalance portfolio
Transfer existing dollars between fund choices
View loan modeling
Request a loan

EMPLOYEE CONTRIBUTIONS

Elective deferrals
Rollover contributions
Catch-up contributions (if eligible)

EMPLOYER CONTRIBUTIONS

Profit sharing contributions – Traditional, Age Weighted, Integrated, Comparability
Matching contributions – fixed or discretionary
Calculations of employer matching contributions
Calculations of employer profit sharing contributions
Allocation rules for employer contributions
Qualified matching contributions
Qualified non-elective contributions

VESTING

Various schedules available

LOANS

Available – if elected by plan sponsor
Loan modeling available via website

WITHDRAWALS

Hardship
Age 59½

Minimum Required Distributions
Excess Contributions

INVESTMENTS

Sterling Trust Company provides no investment advice
All publicly traded mutual funds allowed to create a true open architecture platform
Company stock permitted
Individually directed brokerage accounts permitted

EMPLOYEE COMMUNICATIONS

All enrollment materials provided
Toll-free customer service phone lines available 8:00 am - 5:00 pm Central Time
QPServices@uwbank.com e-mail address
Web-based transaction and loan capabilities

CUSTODIAL SERVICES

Custody and valuation of all assets
Processing of all participant distributions
Perform participant tax reporting – IRS Form 1099-R
State and federal withholding