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401(k) Profit Sharing Plan Fact Sheet


Login to your Comerica Retirement Account

Plan Trustee: Fidelity
Eligibility: 1 Year of Service and 21 Years of Age (Year = 1000 hours).
Entry Dates: Semi-Annually, effective January 1 and July 1
Employee Salary Deferrals: Unlimited, subject to annual cap, as established by the IRS.
Company Contributions: Discretionary Match Contribution
Vesting: Employee Deferrals - Always 100%

Company Contributions:

Years of Vesting Service        Percent

Less than 3 years                          0%

3 Years or More                       100%

 

Distributions: Early Retirement Age: 59.5

Normal Retirement and 3 years of service

Termination of Employment

Death

Disability

Hardship

Change Deferral Percentage: At open Enrollment, January and/or July 1st, Annually 
Suspend Deferrals: Anytime, Upon 30 days notice
Investment Changes: Anytime using Participant Telephone Service or Internet Site
Participant Loans: Permitted, One loan permitted at a time, $1000 minimum
Rollovers: Permitted at any time.

 

If you would like someone to get in touch with you regarding our 401k, please email 

            Lisa Harvey