National Technology & Engineering Solutions of Sandia, LLC (NTESS) has recently amended the NTESS Retirement Income Plan (Pension Plan). The updated Summary Plan Description (SPD) for the Pension Plan effective January 1, 2022 is provided.
National Technology & Engineering Solutions of Sandia, LLC (NTESS) has recently amended the NTESS Savings and Income (401(k) Plan). The updated Summary Plan Description (SPD) for the 401(k) Plan effective January 1, 2022 is provided.
National Technology & Engineering Solutions of Sandia, LLC (NTESS) is pleased to sponsor the NTESS Savings and Income Plan (401(k) Plan), formerly known as the Sandia Corporation Savings and Income Plan, which is designed to help you build financial resources for the future. The 401(k) Plan can be an important part of saving for your retirement. This Summary Plan Description (SPD) explains how to determine if you are eligible to participate in the 401(k) Plan by saving directly from your wages, if you are eligible to receive employer contributions, when you may make withdrawals from your 401(k) Plan Account, and other important information about the 401(k) Plan. More detailed information is contained in the official NTESS Savings and Income Plan document, which governs the operation of the 401(k) Plan. In the event there is or appears to be any discrepancy between the terms of the 401(k) Plan document and this SPD, the terms of the 401(k) Plan document control.
National Technology & Engineering Solutions of Sandia LLC (NTESS) is pleased to sponsor for your benefit the NTESS Retirement Income Plan (RIP or Pension Plan), formerly known as the Sandia Corporation Retirement Income Plan, which is designed to provide a source of continuing income during retirement for covered employees. This Summary Plan Description (SPD) explains how to determine if you will be eligible for a benefit from the Pension Plan when you retire or terminate your employment. Under certain circumstances, reduced pension benefits can be continued to your Spouse or a contingent annuitant, following your death. This SPD includes the provisions of the RIP as of January 1, 2020. The pension benefits described in this SPD apply to Eligible Employees (as defined in Questions 1 and 2) who experience a Termination of Employment (as defined in Appendix A) with NTESS or another Affiliated Company (as defined in Appendix A) on or after this date. More detailed information is contained in the NTESS Retirement Income Plan document, which governs the operation of this Pension Plan. In the event there is or appears to be any discrepancy between the terms of the RIP document and this SPD, the terms of the RIP document control.
Abstract not provided.