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How Do I??

This set of FAQ's is dynamic and will be augmented as we receive further inquiries from Plan participants. If you have a question that you feel is not addressed or answered completely in the directory below, please pass it along to us at [email protected]. We will get back to you individually with an answer and consider your question for inclusion in this directory.

Get authorized to use this website?

Most current employees of Broaster (as well as non-current employees who retain balances in the Plan as a result of previous Broaster employment) have been entered to the website's User database. To determine if you are in the database, click Participant Login at the Welcome Page; then click NEW USER and proceed as instructed.

Get added to the User database if I am not already in it?

Contact the Human Resources Dept via Broaster inter-office mail stating your full name, e-mail address, and daytime phone contact. They will investigate your Plan status with Broaster's Payroll department and get back to you within a few business days.

Authorize 401(k) contributions from my broaster paychecks?

Most Broaster employees may begin contributing from their first paycheck subsequent to the first January 1st or July 1st after their completion of 1000 hours of employment service with Broaster by submitting a completed Participant’s Original Deferral Agreement to the Human Resources Dept via Broaster inter-office mail.

Change or suspend my 401(k) payroll contributions?

Submit a completed Future Contributions – Deferral Rate and / or Investment Mix Change Request to the Human Resources Dept via Broaster inter-office mail. Be sure to read carefully the entire Form before completing it.

Decide how to invest across the funds in the SELECT FUNDS Venue?

To learn more about the SELECT FUNDS Venue in general, obtain both proprietary and independently published information on each fund, and get objective and independent counsel as to sample portfolios for investors with varying risk profiles, click on this site’s Plan Investing button in the main menu. The sample portfolios are an excellent way to decide appropriate portions of your future contributions and existing balance to invest in each of the Select Funds.

Additionally, the Broaster Company and the Plan's Trustees periodically sponsor Participant Education Sessions designed and presented by Compensation & Capital, the Plan’s Third-Party Plan Administrator. Slides and in-depth notes from each past session are available on this website at Tools and Links. Future sessions will be announced.

Direct my Future Contributions among the funds in the SELECT FUNDS Venue?

If you are NOT currently making payroll deduction contributions to this Plan: Submit a completed Participants’ Original Deferral Agreement to the Human Resources Dept via Broaster inter-office mail. Be sure to read the Form carefully before completing it. The Form allows you to specify your percentage rate of contribution and the mix of the Plan’s investment funds across which that contribution (as well as the employer matching contribution) will be invested with each deposit.

If you are currently making payroll deduction contributions to the Plan: Submit a completed Future Contributions – Deferral Rate and/or Investment Mix Change Request to the Plan’s Third-Party Plan Administrator via secure fax at 847-433-0139. You may either change your contribution rate, or change your investments mix for future contributions (investment of both your payroll contributions and employer matching contributions are governed by your elections in Part 3 of this Form), or change both your rate and your investments mix for those future contributions.

Either Form will be used by the Plan Administrator to invest your future deposits to the Plan as soon as practicable and most likely for the very next paydate.

Request a complete Re-Mix of my existing SELECT FUNDS balance?

You direct the Plan Administrator as to exactly how to invest your Plan account using a Current Account Balance – Investments Remix Request. Be sure to read the Form carefully before completing it so you know exactly what you are requesting and how your request will be processed. After you complete and sign the Form, fax it to the Plan Administrator’s secure fax at 847-433-0139.

Designate or Change my Beneficiary directions for my Plan Account?

Upon your initial sign-up for payroll deferral contributions, the Plan Administrator will require you to submit a completed Beneficiary Designation. This same Form is also used to make changes to any beneficiary designation you may already have on file with the Plan Administrator. IMPORTANT: If you do not remember the specifics of your current beneficiary designation, it is best to file a NEW Beneficiary Designation with the Plan Administrator. Note that married participants must secure the notarized signature of their spouse in order to designate a non-spouse beneficiary.