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Alliance Coal, LLC & Affiliates Profit Sharing and Savings Plan

Plan Overview - Alliance Coal, LLC & Affiliates Profit Sharing and Savings Plan

Your Plan Offers:

  • Auto Enrollment
  • Annual Automatic Deferral Increase
  • Company Matching Contributions
  • Company Non-Matching Contributions
  • Participant Loans
  • Hardship Withdrawals
  • In-Service Distributions at age 59½

Eligibility & Entry
You are eligible for the Plan: Immediately
You may enter the Plan: Upon completion of one Hour of Service
Automatic Enrollment: If you do not make an election, you will be automatically enrolled in the Plan

Employee Deferrals
You can defer (contribute) through payroll deductions:

  • 1% to 50% of your compensation in increments of 1%
  • You can change your deferral amount at any time online or with a paper form
  • Automatic increase takes place January 1

The above considerations merely summarize the major points of the Plan. In the event of a discrepancy between these points and the Plan Document, the Plan Document will control. The Plan Document is available for review in your Corporate Office.


Fund Choices

Target Date Investment Options (All)   Fact Sheet
Oppenheimer Developing Markets ODVYX Fact Sheet
Franklin International Small Cap Growth FKSCX Fact Sheet
Harbor International Inst HAINX Fact Sheet
Vanguard Total Int'l Stock Index VTIAX Fact Sheet
Eagle Small Cap Growth HSRUX Fact Sheet
Vanguard Small Cap Index Adm VSMAX Fact Sheet
American Beacon Small Cap Value Fund AVFIX Fact Sheet
Vanguard Mid Cap Growth VMGMX Fact Sheet
Vanguard Mid Cap Index Adm VIMAX Fact Sheet
Vanguard Mid Cap Value Index Admiral VMVAX Fact Sheet
PRIMECAP Odyssey Growth POGRX Fact Sheet
Vanguard 500 Index #540 Fund VFIAX Fact Sheet
Dodge & Cox Stock DODGX Fact Sheet
William Blair Macro Allocation WMCIX Fact Sheet
Vanguard Total Bond Market Index VBTLX Fact Sheet
Metropolitan West Total Return Bond MWTRX Fact Sheet
American Century Inflat-Adj Bond Instl AIANX Fact Sheet
Morley Capital Stable Value Fund   Fact Sheet

Not FDIC Insured | No Bank Guarantee | May Lose Value

For information about the funds offered as investment options in your Plan, call 1-866-412-9026 to obtain a prospectus. You may also select the link to download a prospectus for the mutual fund selected. Read the prospectus carefully before you invest. The prospectus contains important information about each fund's objectives, investment policies, fees and expenses. Investment return and principal fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original costs.


Disclosures

Not FDIC Insured | No Bank Guarantee | May Lose Value

For information about the funds offered as investment options in your Plan, call 1-866-412-9026 to obtain a prospectus. You may also select the link to download a prospectus for the mutual fund selected. Read the prospectus carefully before you invest. The prospectus contains important information about each fund's objectives, investment policies, fees and expenses. Investment return and principal fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original costs.


Frequently Asked Questions

GETTING STARTED: Contributions, Rollovers

When am I eligible to start contributing (deferring) to the Alliance Coal LLC & Affiliates Profit Sharing and Savings Plan (“PSSP”)?
You are considered eligible to participate in the PSSP immediately upon employment. You must also be at least 18 years of age to participate. You may enter the PSSP the first day of the calendar quarter (or as soon as administratively possible thereafter) after becoming a regular full-time employee.

What is the difference between deferring and contributing?
You defer a percentage of your pay and your employer contributes that amount to the PSSP to be invested as you direct.

How do I start deferring to the PSSP?
You start your salary deferrals by completing an Enrollment Form or by enrolling online. See your HR Rep for more details or for assistance.

How much can I defer to the PSSP?
You can defer up to 50% of your compensation with certain limitations.

What are catch-up contributions?
You are eligible to make additional contributions to the PSSP, called catch-up contributions, if you are 50 years of age or older or turn 50 any time during the year.

Is there a minimum I can defer to the PSSP?
The minimum you can defer to the PSSP is 1% of your compensation. The PSSP document requires that you defer through payroll deductions in 1% increments.

How often can I make changes to my salary deferral?
You may change your salary deferral percentage at any time by using the Voice Response Unit or by selecting My Account on this site. These changes will take place as soon as administratively possible.

Why must I fill out a Beneficiary Designation Form for the PSSP?
You must specifically designate who you want to receive your PSSP benefits in the event of your death. If you are married and want to designate someone other than your spouse, your spouse must also sign and have notarized the Beneficiary Designation Form.

How do I change my investment choices and how often may I change my investment choices?
You may change future investment elections or current investment mix at any time by using the Voice Response Unit or by selecting My Account on this site.

How do I roll my 401(k) Account from a previous employer into the PSSP?
The first step is to request a distribution form from the Plan Administrator or Trustee of your previous 401(k) plan. Generally, you are required to complete and sign a rollover election form indicating that you want a direct rollover distribution to your new employer's 401(k) plan. When you complete the rollover election form indicate that the check distributing your account should be made payable to: "Alliance Coal LLC & Affiliates Profit Sharing and Savings Plan F/B/O (your name)."

The check should be mailed to:
INTRUST Wealth Management
Attn: John Goff
P.O. Box 1; M.S. 1.1
Wichita, KS 67201

How do I roll a Conduit (Rollover) IRA into the PSSP?
The first step is to request a distribution form from your broker or mutual fund. Generally, you are required to sign a form indicating that you want a direct rollover distribution to your employer's 401(k) plan. When you complete the required form, indicate that the check should be made payable to: "Alliance Coal LLC & Affiliates Profit Sharing and Savings Plan F/B/O (your name)." The check should be mailed to:

How long will it take to rollover a 401(k) or IRA to the PSSP?
Typically 2 to 4 weeks. There are situations where it can take longer. Be sure to keep a record of where and to whom you sent your distribution forms so you can follow up if there is a delay.

Investments

What are the investment options offered in the PSSP?
The PSSP investment options will allow you to select investments appropriate for your age and individual risk tolerance. To view the actual funds available, you may visit the "Fund Choices" section of this site.

General

How do I find my PSSP account balance?
Quarterly statements are mailed to your home address following the end of each calendar quarter. You may also find out your account balances by calling the Voice Response Unit or by selecting My Account on this site.

I misplaced my User ID to access my retirement account online. How do I get a new one?
To obtain a new User ID, you may call 1-866-412-9026 and speak to a Customer Service Representative. The Customer Service Representative will give you a temporary User ID after verifying your identity.

Does my participation in the PSSP impact my ability to contribute to an IRA?
You are able to contribute to IRAs and Roth IRAs when covered by an employer sponsored retirement plan. The IRS still requires you to abide by several income and participation rules that affect the deductibility of, or ability to contribute to IRAs or Roth IRAs. There are several rules and regulations covering IRAs and Roth IRAs and you are strongly urged to review your circumstances with your financial advisor or tax preparer.

DISTRIBUTIONS, VESTING and LOANS

How does the IRS calculate the penalties and taxes if I take money out of the PSSP before age 59 1/2?
Distributions to a participant from a qualified retirement plan before age 59½ are subject to 20% Federal withholding and an early withdrawal penalty. There are exceptions to the early withdrawal penalty for pre-59½ withdrawals. Please consult with your financial or tax advisor to see if those exceptions apply to your particular situation.

If I take a distribution from the PSSP, how much does the IRS require to be withheld?
Generally, a distribution made directly to a participant from a qualified plan is subject to 20% federal withholding. This withholding occurs at the time the distribution is made. If the distribution is a hardship distribution, it is subject to 10% federal withholding unless you elect no withholding.

If I take a distribution from the PSSP will state tax be withheld?
If you reside in California, Delaware, Georgia, Iowa, Kansas, Maine, Massachusetts, North Carolina, Oklahoma, Oregon, Vermont or Virginia, and receive a direct distribution, state tax will be withheld from your distribution. A hardship distribution is also subject to state withholding unless you elect no withholding.

How do I get a loan from the PSSP? How much can I get?
You may submit a loan request through the Voice Response Unit, by selecting "My Retirement Account" above, or by calling a Customer Service Representative at 1-866-412-9026. Generally, you are able to borrow a minimum of $1,000 up to the lesser of $50,000 or 50% of your Eligible account balance, including 401(k) rollover contributions. There is a one time per loan $50 loan-processing fee. The interest rate charged for your loan is the published Prime Rate in the Wall Street Journal plus one percent (1%).

What is the process for taking out a loan?
You may submit a loan request through the Voice Response Unit, by selecting "My Retirement Account" on this site, or by calling a Customer Service Representative at 1-866-412-9026. If you submit the loan request prior to 2 p.m. Eastern Time, your loan will be processed and the check will be mailed in three (3) business days.

May I have two loans at one time?
No, the PSSP only allows for one loan at a time. You may not request a second loan to pay off the first loan, and monthly prepayment on loans is not allowed.

What happens to my PSSP balance if I leave the Company?
Once you have separated from service, you may request a distribution of your benefits. If your PSSP balance is $1,000 or less, you have a limited opportunity to elect a rollover of the funds to an IRA or another employer's retirement plan. If you don't make the election within 90 days of your separation from service, the PSSP will automatically distribute your balance to you in a lump sum. If your PSSP balance is more than $1,000, you have the option to leave your funds in the PSSP or you may elect to rollover the funds to an IRA or another employer's retirement plan.

When will I be 100% vested in my 401(k) salary deferrals?
You are always 100% vested in salary deferrals you make to the PSSP and any related earnings on those deferrals.

Where do I go or who should I call if I have additional questions about the PSSP?
You have a variety of resources to find out more information about the PSSP. You may contact your HR Rep at your location. You may access a Summary Plan Description and other information for your plan through your benefits portal may contact a Customer Service Representative at 1-866-412-9026.


New Enrollment

You are considered eligible to participate in the PSSP immediately upon employment. You must also be at least 18 years of age to participate. You may enter the PSSP the first day of the calendar quarter (or as soon as administratively possible thereafter) after becoming a regular full-time employee.

You start your salary deferrals by completing an Enrollment Form or by enrolling online. See your HR Rep for more details or for assistance.