2009 401K Plan
General Information and limits
Eligibility to participate in The Ascent Services Group’s 401K plan is the 1st of the month after 3
months of employment with The Ascent Services Group.
Shortly before you’ve satisfied the “waiting period”, Fidelity Investments will send you a packet of
information regarding the plan and instructions on how to enroll.
Once you are eligible and anytime after that, you can go to www.401k.com and enroll. Your
contributions start the 1st of the month after you enroll (you will see the first contribution on the
paycheck on the 25th of that month) .
For your information, detailed enrollment instructions are on “The next Steps” of the Ascent
Services Group 401K plan brochure.
Please note, that The Ascent Services Group will automatically stop contributions when you reach
the maximum amount allowed – see below if you had contributions through another employer this
year.
2009 401k Contribution Limit: $16,500
2009 Catch-Up Contribution Limit (only for those over 50 years old): an extra $5,500 (total
$22,000)
If you have contributions to another 401K plan through a different employer(s) this current
year:
You will need to inform us of the total amount contributed for the current year through previous
employers.
You should be able to look at your last pay stub from each of your last employers and see the “year
to date” accumulation of 401K contributions.
All we need is the total amount. No other information is necessary.
If we have this total, then we can enter the year’s accumulated contributions into the payroll system
and once you contribute through the IT Ascent 401K plan the balance to attain your maximum
amount the contributions will automatically stop.
If you do not give us this total amount from previous employers, then you could possibly contribute
more than the maximum amount and you would have to get a refund and taxed on that amount that
you overpaid. This is not desirable.
For more information, please contact either Fidelity at 1-800-835-5097 or The Ascent Services
Group at 925-627-4900
3000 Oak Road, Suite - 200, Walnut Creek, CA 94597
tel : 800 620 5060, fax : 925-627-4910
www. ascentsg.com