[et_pb_section fb_built="1" fullwidth="on" _builder_version="3.22" custom_padding="0|0px|0|0px|false|false"][et_pb_fullwidth_header subhead="Ingram 401(k) Plan" background_overlay_color="rgba(255,255,255,0)" content_max_width="99%" content_max_width_tablet="70%" content_max_width_phone="74%" content_max_width_last_edited="on|phone" _builder_version="4.7.7" title_font_size="16px" title_letter_spacing="2px" title_line_height="1.2em" subhead_text_color="#48484a" subhead_font_size="48px" subhead_line_height="1.1em" background_color="#ffffff" use_background_color_gradient="on" background_color_gradient_start="rgba(255,255,255,0.6)" background_color_gradient_end="rgba(255,255,255,0)" background_color_gradient_direction="90deg" background_color_gradient_end_position="76%" background_color_gradient_overlays_image="on" background_image="http://www.ingrambenefits.com/wp-content/uploads/2020/05/ingram-401k-header-052120.jpg" background_position="bottom_center" background_layout="light" custom_padding="7vw||7vw||true|false" custom_padding_tablet="" custom_padding_phone="3vw||3vw||true" custom_padding_last_edited="on|tablet" title_font_size_tablet="15px" title_font_size_phone="14px" title_font_size_last_edited="on|phone" subhead_font_size_tablet="37px" subhead_font_size_phone="30px" subhead_font_size_last_edited="on|desktop" custom_css_subtitle="font-weight: 700;" button_one_text_size__hover_enabled="off" button_two_text_size__hover_enabled="off" button_one_text_color__hover_enabled="off" button_two_text_color__hover_enabled="off" button_one_border_width__hover_enabled="off" button_two_border_width__hover_enabled="off" button_one_border_color__hover_enabled="off" button_two_border_color__hover_enabled="off" button_one_border_radius__hover_enabled="off" button_two_border_radius__hover_enabled="off" button_one_letter_spacing__hover_enabled="off" button_two_letter_spacing__hover_enabled="off" button_one_bg_color__hover_enabled="off" button_two_bg_color__hover_enabled="off"][/et_pb_fullwidth_header][/et_pb_section][et_pb_section fb_built="1" _builder_version="3.22" custom_padding="30px|16px||||"][et_pb_row column_structure="2_3,1_3" use_custom_gutter="on" gutter_width="2" _builder_version="3.25" background_size="initial" background_position="top_left" background_repeat="repeat" custom_padding="0px|||||"][et_pb_column type="2_3" module_class="basic_column_no_sideborder" _builder_version="3.25" custom_padding="|30px||" custom_padding_tablet="|15px||" custom_padding_phone="|0px||" custom_padding_last_edited="on|phone" custom_css_main_element="border-right: 2px dotted #d9d9d9;" padding_phone="|0px||" padding_tablet="|15px||" padding_last_edited="on|phone" custom_padding__hover="|||"][et_pb_text admin_label="Text -- INTRO copy reg." _builder_version="4.7.7" text_font="|300|||||||" text_text_color="#48484a" text_font_size="24px" text_line_height="32px" custom_margin="||20px|" custom_padding="||20px|" text_font_size_tablet="" text_font_size_phone="21px" text_font_size_last_edited="on|desktop" text_line_height_tablet="" text_line_height_phone="28px" text_line_height_last_edited="on|desktop" border_width_bottom="1px" border_color_bottom="#00529c" saved_tabs="all"]<p>Contributing to a 401(k) plan is one of the easiest ways to save and invest for your future.</p>[/et_pb_text][et_pb_text admin_label="Text - features" _builder_version="4.9.0" _module_preset="default" hover_enabled="0" sticky_enabled="0"]<h3>Key Features</h3>
<ul>
<li>You are automatically enrolled at a rate of 5%</li>
<li>You may change your contribution percentage or opt out at any time</li>
<li>You choose whether to make your contributions on a pre-tax or Roth 401(k) basis</li>
<li>Your contributions are deposited into a personal retirement account</li>
<li>You decide how the funds are invested</li>
<li>If no investment options are selected, your money will be invested in a life path fund based on your year of birth and the approximate date you will retire (the fund assumes your retirement date is age 65)</li>
</ul>
<h3>Company Matching Contributions</h3>
<p>Ingram matches 100% of the first 5% of eligible compensation you contribute to your 401(k) from day one.</p>
<h3>Pre-tax vs. Roth 401(k) Contributions</h3>
<ul>
<li><strong>Pre-tax:</strong> Contributions are made before taxes are withheld, reducing the amount of federal income tax you pay</li>
<li><strong>Roth 401(k):</strong> An after-tax option in which the earnings on your investments grow tax-free, provided certain requirements are met</li>
</ul>
<h3>Vesting</h3>
<p>After two years of service, you will be 100% vested, meaning you own 100% of the funds in your 401(k). Contributions are deposited into a personal retirement account. You decide how the funds are invested.</p>[/et_pb_text][et_pb_text admin_label="Text - vesting" _builder_version="4.9.0" _module_preset="default" hover_enabled="0" sticky_enabled="0"]<h3>Pre-tax vs. Roth 401(k) Contributions</h3>
<ul>
<li><strong>Pre-tax:</strong> Contributions are made before taxes are withheld, reducing the amount of federal income tax you pay</li>
<li><strong>Roth 401(k):</strong> An after-tax option in which the earnings on your investments grow tax-free, provided certain requirements are met</li>
</ul>
<h3>Vesting</h3>
<p>“Vesting” means ownership of the funds in your 401(k). You are 100% vested in company contributions after completing just two years with Ingram. See the table below for details.</p>[/et_pb_text][et_pb_image title_text="401k-vesting-schedule-2" admin_label="Image - vested" _builder_version="4.9.0" _module_preset="default" hover_enabled="0" src="http://www.ingrambenefits.com/wp-content/uploads/2021/02/401k-vesting-schedule-2.jpg" sticky_enabled="0"][/et_pb_image][et_pb_text admin_label="Text - automatic increase program" _builder_version="4.9.0" _module_preset="default"]<h3>The Automatic Increase Program</h3>
<p>The Automatic Increase Program can help you take even more control over your financial future. While most associates are contributing at least 5% and will get the entire company match, we urge you to not stop there, but consider taking advantage of the automatic increase program to bump up your contribution rate by an affordable amount each year. You can choose to have your contributions automatically increase 1%, 2%, or 3% each year until you reach your plan’s automatic increase maximum of 15%.</p>
<p>To add automatic increase to your 401(k) simply log in to your account at <a href="https://myplan.johnhancock.com/" target="_blank" rel="noopener">myplan.johnhancock.com</a>, then select “My contributions” from the “Manage” tab. It’s that easy!</p>[/et_pb_text][et_pb_divider show_divider="off" admin_label="Divider - 20px" _builder_version="4.6.5" _module_preset="default" custom_margin="20px||||false|false"][/et_pb_divider][et_pb_toggle title="Required Notices" open_toggle_background_color="#ffffff" closed_toggle_background_color="#ffffff" icon_color="#68bd45" admin_label="Toggle - required notices" _builder_version="4.7.7" title_text_color="#8f8f8f" title_font="|700|||||||" title_text_align="left" title_font_size="20" title_line_height="1.2em" body_line_height="1.4em" custom_margin="-14px||35px|||" custom_padding_tablet="" custom_padding_phone="|5px||5px|false|false" custom_padding_last_edited="on|phone" custom_css_toggle_icon="font-size: 34px;" border_width_all="0px" border_width_bottom="2px" border_style_bottom="dotted"]<p><strong>Ingram 401(k)</strong></p>
<ul>
<li><strong><a href="http://www.ingrambenefits.com/wp-content/uploads/2020/12/Ingram-401k-Plan-2020-Annual-Notices-Package.pdf" target="_blank" rel="noopener noreferrer">Ingram 401(k) Plan 2020 Annual Notices Package</a></strong></li>
<li><strong><a href="http://www.ingrambenefits.com/wp-content/uploads/2020/01/Ingram-Marine-Group-Retirement-Plan-Fund-Fact-Sheet.pdf" target="_blank" rel="noopener noreferrer">Ingram 401(k) QDIA Notice </a></strong></li>
<li><strong><a href="http://www.ingrambenefits.com/wp-content/uploads/2020/12/Ingram-401k-Plan-Summary-Plan-Description.pdf" target="_blank" rel="noopener noreferrer">Ingram 401(k) Plan SPD </a></strong></li>
</ul>
<p><strong>Ingram Marine Group Retirement Plan</strong></p>
<ul>
<li><strong><a href="http://www.ingrambenefits.com/wp-content/uploads/2020/12/IMG-Retirement-Plan-2020-Annual-Notices-Package.pdf" target="_blank" rel="noopener noreferrer">Ingram Marine Group Retirement Plan 2020 Annual Notices Package</a></strong></li>
<li><strong><a href="http://www.ingrambenefits.com/wp-content/uploads/2020/01/Ingram-Marine-Group-Retirement-Plan-Fund-Fact-Sheet.pdf" target="_blank" rel="noopener noreferrer">Ingram Marine Group Retirement Plan QDIA Notice </a></strong></li>
<li><strong><a href="http://www.ingrambenefits.com/wp-content/uploads/2020/06/IMG-SPD-6-20-.pdf" target="_blank" rel="noopener noreferrer">Ingram Marine Group Retirement Plan SPD</a></strong></li>
</ul>
<p><strong>Fund Change Notices</strong></p>
<ul>
<li><strong><a href="http://www.ingrambenefits.com/wp-content/uploads/2020/01/Ingram-401k-Fund-Chnage-Notice.pdf" target="_blank" rel="noopener noreferrer">Ingram 401(k) Plan Fund Change Notice - 2/21/20</a></strong></li>
<li><strong><a href="http://www.ingrambenefits.com/wp-content/uploads/2020/01/Ingram-Marine-Group-Retirement-Plan-Fund-Change-Notice.pdf" target="_blank" rel="noopener noreferrer">Ingram Marine Group Retirement Plan Fund Change Notice - 2/21/20</a></strong></li>
<li><strong><a href="http://www.ingrambenefits.com/wp-content/uploads/2019/12/American-Fund-Change-Notice.pdf" target="_blank" rel="noopener noreferrer">Fund Change Notice - 12/13/19</a></strong></li>
<li><strong><a href="http://www.ingrambenefits.com/wp-content/uploads/2020/08/IN2302-Participant-Notice-09-18-2020.pdf" target="_blank" rel="noopener noreferrer">401(k) Fund Change Notice - 9/18/20</a></strong></li>
</ul>[/et_pb_toggle][/et_pb_column][et_pb_column type="1_3" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_text module_class="sidebar" _builder_version="4.7.7" text_font_size="15px" text_line_height="1.4em" ul_font_size="16px" header_3_font="|||on|||||" header_3_text_color="#2f378e" header_3_font_size="18px" header_3_line_height="1.2em" custom_padding="0px||10px||false|false" border_color_top="#d9d9d9" border_style_top="none" saved_tabs="all"]<h3>Contact</h3>
<p><strong>John Hancock Retirement Plan Services</strong><br /><a href="https://johnhancock.com/myplan" target="blank" rel="noopener noreferrer"><strong>johnhancock.com/myplan</strong></a><br /><a href="tel:18002943575"><strong>800-294-3575</strong></a></p>
<p><strong>Ingram Pension &amp; 401(k) Department</strong><br /><a href="tel:18008767266"><strong>800-876-7266</strong></a></p>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]