If you do not apply to receive your dollars from the Plan, or do not provide necessary information to your employer, payment of your
AHRP account could be delayed.
If your employer does not have your current address, receiving your dollars from the Plan and receiving your quarterly statement could be
delayed. It is important that you keep your most current address on file with your
human resources department. Once you have actually left your employer, be sure to update your address by sending a
Change of Address notice, along with your Social Security number, to:
AHRP Retirement Center
100 Half Day Road
Lincolnshire, IL 60069
If you leave your employer for any reason other than disability or death before you have 5 years of vesting service, your employer basic and matching contributions will be forfeited.
In some cases, forfeitures may be reinstated if you return to work with an AHRP
participating employer before you've lost your vesting service (see "break-in-service"
under What happens
if my employment ends? section for more information).
In some cases, contributions under this Plan may be restricted by IRS rules. For
example:
Only your compensation up to a certain level ($220,000
in 2006 and indexed thereafter) may be considered in determining the
employer basic and matching contributions.
Your employer matching contributions could be limited, based on other employees' matched contributions. If excessive, it will require a forfeiture or a refund to you. (This affects only highly compensated employees. You will be notified if applicable to you.)
There is an IRS limit on how much money you may contribute each year to the AHRP.
For 2007, the limit is $15,500 annually. If
you are at least 50 years of age by year-end 2006, the limit is $20,500
annually. This limit applies to contributions made to all TSA's
combined to which you contribute.
Other limits apply in some cases, depending on your compensation, how much you've already contributed to other TSAs, and other factors. You will be refunded and taxed on any amounts you contribute to the AHRP-TSA above the IRS limit.
It is your responsibility to determine your IRS limit on your TSA contributions and any state limits which may apply. Your human resources department or your tax counselor may provide information
that will help you figure your personal limit. if you make special elections that affect your TSA limits, notify your human resources department immediately.
Generally, your accounts under the AHRP cannot be assigned, attached, or garnished. However, if you become divorced or
separated, certain court orders could require that part of your account balance be paid to someone else-your spouse or children,
for example. This is known as a Qualified Domestic Relations Order (QDRO). As
soon as you are aware of any court proceedings that may affect your AHRP accounts, call the AHRP Retirement Center.
Only your compensation up to a certain level ($220,000
in 2006 and indexed thereafter) may be considered in determining the
employer basic and matching contributions.