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401(k)/Profit Sharing Plan and College 529 Plans

Benefits You Receive:

To help you prepare for the future, Birch, Stewart, Kolasch & Birch, LLP sponsors a 401(k) plan as part of its benefits package. As a full- or part-time employee, you may start participating in this plan on the first day of the month following your date of hire.

Employees who are hired on or after January 1, 2011, and who have not made an affirmative election to either participate in the plan or not to participate in the plan, will be automatically enrolled in the plan starting with his/her first paycheck in 2011. For pay during 2011, these automatic contributions will be 3% of the employee’s eligible pay each pay period. This means that amount will be taken from his/her pay and contributed to the plan. But, you can choose a different amount. An employee can choose to contribute more, less, or even nothing.

By saving on a before-tax basis, you reduce the taxes you pay today and delay paying taxes on the money you save, as well as your account earnings, until you withdraw the money from the plan.

In addition to your 401(k) contributions, Birch, Stewart, Kolasch & Birch, LLP helps you save for retirement by contributing to a profit sharing plan that vests based on your years of service. You vest in the profit sharing plan contributions from Birch, Stewart, Kolasch & Birch, LLP based on the schedule below.

Years of Service

Total Amount Vested

Less than 2

0%

2

20%

3

40%

4

60%

5

80%

6

100%

This profit sharing plan is currently 100% funded by BSKB. Eligibility requirements: (1) must be 21 years of age (2) must have completed 1,000 hours of employment during the year, and (3) must be an employee on the last day of the year in order to receive a contribution in your name for that calendar year. Employees are completely vested after 6 years of continued employment.

The information in this Benefits Summary is presented for illustrative purposes and is based on information provided by the employer. The text contained in this Summary was taken from various summary plan descriptions and benefit information. While every effort was taken to accurately report your benefits, discrepancies or errors are always possible. In case of discrepancy between the Benefits Summary and the actual plan documents, the actual plan documents will prevail. All information is confidential, pursuant to the Health Insurance Portability and Accountability Act of 1996. If you have any questions about this summary, contact Human Resources.

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