Savings and Retirement Plan
Plan Investment Advisor
If you would like to discuss your investment strategy, preferences, recent market shifts, your savings rate or other personal retirement goals, contact:
Erin Cominole, AIF®, RMA®
erin@directadvisors.com
(518) 362-2119 ext. 19
Plan Enrollment and Account Access
For details on how to set up and access your account, click here.
Log in to view your account balance, to manage investments, request loans/withdrawls (if applicable), view recent activity, and more.
Contact BCG to discuss your account:
(856) 368-2000
Company Contact
For all other matters, contact your company’s plan administrator:
Marie Hahn
asiny2@aol.com
(518) 882-9105
PLAN HIGHLIGHTS
Expand each section below to read details about your company’s plan highlights.
To view your company’s complete summary plan description click here.
EMPLOYEE CONTRIBUTIONS: Eligibility, Contributions, Vesting
Eligibility
You will be eligible to participate and enter the plan once you have completed one year of service. Your entry date into the plan will be either January 1 or July 1 after eligibility is met.
Contributions
You may contribute any percent of your pay up to 100% which is not to exceed the IRS annual limit.
- These percentages can be modified each payroll period and you can cancel your contributions at any time.
- Pre-tax employee contributions are deducted before federal and state taxes are withheld.
- Roth employee contributions are deducted after federal and state taxes are withheld.
- Participants 50 and older may contribute an additional catch-up contribution up to the IRS annual limit.
Rollovers
You may roll over assets from other qualified retirement plans into this plan.
Vesting
Your vested interest in your accounts under the plan belongs to you and cannot be taken away. You are always 100% vested in your salary deferrals and rollover accounts, if you have them.
EMPLOYER CONTRIBUTIONS: Eligibility, Contributions, Vesting
Eligibility
You will be eligible to participate in the safe harbor match portion of the plan after one year of service. Your entry date into the plan will be either January 1 or July 1 after eligibility is met.
You will be eligible to participate in the discretionary match and profit sharing portion of the plan after one year of service. Your entry date into the plan will be either January 1 or July 1 after eligibility is met.
Contributions
Safe Harbor Match
Your employer will make this contribution each year equal to 100% of your salary deferrals up to 3% of your compenation plus 50% of your salary deferrals between 3 – 5% of your compensation. You must have completed one year of service and be employed on the last day of the year in order to qualify. This contribution is fully vested.
Discretionary Match
Your employer may make this contribution each year. You must have completed one year of service and be employed on the last day of the year in order to qualify. These contributions are subject to vesting.
Discretionary Profit Sharing
Your employer may make this contribution each year. You must have completed one year of service and be employed on the last day of the year in order to qualify. These contributions are subject to vesting.
Vesting
The vesting schedule below applies to discretionary match and disrectionary profit sharing contributions:
| Years of Service | Vested Percentage |
| Less than 2 | 0% |
| 2 | 20% |
| 3 | 40% |
| 4 | 60% |
| 5 | 80% |
| 6 | 100% |
You will become fully vested if you are still employed on your normal retirement date, if you die, or become permanently disabled while working, regardless of the number of years of service completed.
RETIREMENT ELIGIBILITY
You will be deemed to have met retirement requirements if you are at least 65 years old.
LOANS AND DISTRIBUTIONS
Participant Loans
The maximum loan amount may not exceed 50% of your vested interest in the plan or $50,000. The minimum loan amount is $1,000. The maximum number of loans that you may have outstanding is two.
In-Service Distributions
You can withdraw money from your account while you’re working if you have reached 65 years of age. Refer to your summary plan description for more information.
Hardship Distributions
These distributions are not permitted under this plan.
Distributions Upon Termination of Employment
If your employment with the company ceases prior to your normal retirement date, you will be eligible to take a distribution following termination of employment. Distributions may be taken as a lump sum or installment. Contact BCG for more details.