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Plan Participation

​​An Employee becomes eligible to participate in the Co-op Retirement Plan by meeting the eligibility requirements listed below. Once an employee becomes eligible, he/she will enter the Plan based on the Plan Entry Dates.

Plan Eligibility

  • Your participation in the Plan is mandatory if you are at least 21 years of age and you are credited with at least 1,000 hours in your first 12 months of employment or 1,000 hours in any subsequent Plan year (the 12-month period running April 1 through March 31).

  • Your employer may elect from among three optional methods for counting your hours; it may elect to count actual hours worked, assume that each employee credited with at least one hour of service works 190 hours per month, or apply a combination of these two methods. These methods are described in the Summary Plan Description (SDP)​. For questions about the method your employee has elected, please contact your human resources department or United Benefits Group.

  • Once you become a participant you will remain a participant until you retire, terminate employment, become disabled, or die.

Plan Entry Dates

  • New employees will enter the Plan on the first day of the second month after accumulating 1,000 hours of service (as calculated under the plan eligibility rules above), provided that they are at least 21 years of age. Former participants who are re-hired generally re-enter the Plan immediately following their rehire.​

This page includes only a general description of the above rules. Please consult the Summary Plan Description for more details, contact United Benefits Group with any questions, and be aware that the terms of the official Plan document will prevail in the event of any inconsistencies or misunderstandings.

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