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| RETIREMENT SAVINGS PLAN |
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Eligibility & Enrollment
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401(k) Eligibility and Enrollment:
If you are 18 years of age or older, you are eligible to participate
in the 401(k) portion of the plan on the next available payroll cycle
following your hire date (as long as you are not working less than 20
hours per week and are not a temporary associate, i.e. intern, co-op,
etc.). Simply log on to www.retireonline.com and complete the enrollment
process and an on-line beneficiary designation for your account. Please
contact JPMorgan @ 1-800-345-2345 for any enrollment or investment questions.
Once enrolled, you will begin to see your elected percentage of pay
being deducted from your paycheck as either "pre-tax" or "post-tax"
dollars.
Profit Sharing Eligibility and Enrollment:
You are eligible for Profit Sharing if you are employed more than one
year and you complete at least 1,000 hours of Service during the 12-month
period following the date you were hired. If you do not complete 1,000
hours during your first 12 months of employment, you can satisfy the
service requirement by completing 1,000 hours during any Plan Year after
the date you were hired. The eligibility date will be the first day
of the month following the eligibility requirement above.
Example: An associate is hired on March 10, 2008 the
profit sharing eligibility date will then be April 1, 2009 assuming
the associate put in a minimum of 1000 hours of service during that
time frame.
After meeting the eligibility requirements, associates must maintain
a minimum of 1000 hours each year and be employed on December 31st in
order to be eligible for a profit sharing contribution.
Each year prior to the company contribution, participants will receive
a letter notifying them that they are about to receive their contribution.
All contribution amounts will be deposited into the Valassis Employees'
Retirement Savings Plan as a "pre-tax" profit sharing contribution
and the money will be allocated accordingly to the investment elections
on file at JPMorgan. If you do not already have an account established
in our Valassis Employees' Retirement Savings Plan through the 401(k)
program, you will be directed to set up new investment elections prior
to receiving your first profit sharing contribution.
Default Elections: If you
do not make an investment election, your contributions and/or company
profit sharing contributions will be invested in the age-based target
fund coinciding with your projected age at retirement.
Important Note: All non U.S. based associates are not eligible
for this program. Contract associates are subject to terms of their
contract and may not be eligible for benefits, refer to the terms of
your contract. Please contact your Human Resources Representative if
you are unsure of your participation status.
 
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