[topic 2]

Introduction

Entrance into your customized Web 401k plan management and participation centers occurs through…

-- The Plan Sponsor Gateway (click here to jump to its descriptive page) for Internet based self-service 401k plan management by your authorized personnel. For access to live demo, please click here.

-- The Plan Participant Gateway (see below) for Internet based self-service 401k participation and information. For access to live demo, please click here.

The exact features and capabilities accessible through each gateway depend on the customization options you as Plan Sponsor choose for your company plan and those that the eligible employee chooses for his or her individual 401k account.

This page explains the features you can make available to your 401k plan participants through your Web 401k customized Plan Participant Gateway.

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[topic 3]

The Plan Participant Gateway

Web 401k empowers plan participants to serve themselves to their 401k account activity and information at any time, day or night, from any location connected to the Internet.

-- Web 401k self-service plan participation gives eligible employees on-the-spot access to enrolling in the plan, updating personal information (see topic 3 below) and investment designations, viewing/printing activity reports and account statements, and 401k loan, transfer and distribution modeling and/or new submissions (if you've chosen to include such in your plan), among other things.

-- General as well as plan-specific investment information is available at a mouse click.

-- Self-service plan participation is extremely convenient and can greatly boost a 401k plan's participation rates.

-- Self-service plan participation means far less work for the sponsoring employer because employees can fulfill requests themselves. Web 401k keeps a log of all activity, including simple information requests.

Web 401k creates a home page for each plan participant. Upon login, the participant arrives at his or her home page.

-- As plan sponsor, you can have Web 401k display any of certain categories of information on each participant's home page -- for instance, the participant's investment designations, account balances, and/or recent account activity.

-- As plan sponsor, you can compose bulletins within your Plan Sponsor Gateway for posting on employees' home pages. (Please visit our Plan Sponsor Gateway page for details and descriptions of the Web 401k features available to plan sponsors.)

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[topic 4]

Participants Update Information Themselves

Plan participants never have to involve your plan management personnel in routine account information updates:

-- Plan participants, after logging into their customized section of your 401k plan's Plan Participant Gateway, can update their personal information themselves, online, at their leisure. Participants can amend their address, telephone number(s), disbursement preferences, passwords, and more. Web 401k immediately notifies your in-house 401k manager via e-mail of any changes.

-- As plan sponsor, you can elect to mandate that a designated party (likely your in-house 401k manager) approve changes before they can become effective.

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[topic 5]

Participants Update Investment Designations Themselves

Plan participants never have to go through your in-house 401k manager to access and/or amend salary deferral rates and/or investment designations.

-- The participant's customized Plan Participant Gateway displays available plan investments and indicates those to which the participant is contributing and at what rates.

-- The participant can, at any time, opt to amend his/her designations.

-- Your company can elect to mandate that your 401k manager approve changes before they become effective.

-- All investment and salary deferral designations are restricted within Web 401k by rates allowable under current federal law.

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[topic 6]

Participants Monitor, Model, and Apply for Loans, Transfers, and Distributions Themselves

Plan participants never have to go through your 401k manager for transaction information on existing loans (if available), transfers, distributions, etc. Instead, they simply go online and access the information themselves.

In addition, participants considering a new loan (if you choose to offer such within your 401k plan), transfer, or distribution can have Web 401k model the effect of such on their 401k accounts:

-- During the modeling process, Web 401k calculates the availability of funds based on money sources, aged buckets (if applicable), and other applicable rules.

-- Security features guard the participant's account and information.

-- Upon loan/transfer/distribution submission, Web 401k gathers all the information the 401k manager needs to approve or deny the application.

-- New loans, distributions, and transfers must be approved by the 401k manager and are indicated as "Pending" until so approved.

-- You can elect to have Web 401k decline any new submissions for loans, transfers, or distributions if an application for such is already in the system as pending approval of your plan manager. This works as a safeguard against plan participants flooding the system with applications for the same transaction while the plan manager awaits, for instance, consent of spouse approval.

-- 401k loans are available only within our Elite 401k plans. Loan-related features appear ONLY if you have an Elite plan and have opted to offer loans within that plan. Othewise, loan features are abdicated from the system, not merely greyed out or otherwise disabled but visible. See our Options page for details on Web 401k Elite versus Economy customization features.

Within the Loans, Transfers, and Distributions panel, the participant also has the option of downloading and/or printing necessary forms to request loans, distributions, and transfers in person from your 401k plan administrator and to manually perform other related account maintenance activities.

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[topic 7]

Participation Is More Than Just Password Protected

Plan participants enter the Plan Participant Gateway by keying in the user name and password they establish during their first visit.

-- Your 401k manager issues a temporary password for that first visit to allow an employee entrance into the system.

-- Eligible employees not currently enrolled in the plan can easily be granted temporary passwords by your 401k manager so they can investigate the system and see how easy saving money via the company's online 401k plan will be.

 -- When establishing a user name and password, plan participants also establish three identifying questions and answers, such as "Mother's maiden name?" answer: "Johnson." The questions are later used to confirm the participant's identity when the participant attempts certain transactions (applying for a 401k hardship withdrawal or retrieving his/her password, for instance).

-- The system houses a log of each employee's user name, password, and three questions/answers within the Plan Sponsor Gateway; plan participants can request help from your 401k manager (via the Web 401k, in person, by phone, etc.) at any time.

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