Long Term Care covers costs for long-term nursing home stays, home health care visits, assisted living care, and adult day care services that are not typically covered by group health plans. The Cash Account Retirement Plan helps you achieve a financially secure retirement. Your participation in the plan starts immediately. We make all contributions to the plan. Participants receive pay credits based on compensation and length of service, and are fully vested after five years of service.
Participants also receive guaranteed interest credits on their account balance.
When you leave our company even if you leave before retirement you can receive your vested account balance in a lump sum or as a monthly annuity. You may deposit a rollover contribution from another qualified plan distribution before you have satisfied the one-year service requirement. There are 12 investment options for contributions to the Plan, including a self directed brokerage account option. In addition, based on the financial performances of the company, the Board of Directors may grant a shared success award. We provide you with an all-inclusive survivors protection package.