Old Second Retirement Plan Services for Legends Gaming, LLC. December 2018 1
Plan Highlights • Pre-Tax and Roth Deferrals Available • Company Matching - $0.25 Cents on $1.00 on the first 6% of contributions • Automatic Enrollment effective January 1, 2019 • Default Percentage 3% Deferral into Default Fund • Eligibility: Age 21 and 3 Months of Service for deferral & match • Hardship Loan is available • Vesting – 4 Year Vesting Schedule • Questions – Contact Sean O’Connor 2
Plan Updates • Investment Options available • Electronic Confirmations are now available • Electronic Statements are available • Estimated Monthly Retirement Income on Participant Statements • Mobile App for Retirement Accounts • Account Projector Calculations on Website • Personal Rate of Returns online 3
You can save more …. Fast Food $20/week = $130,037 Coffee $15/week = $97,528 Movie Rentals $12.50/week = $75,000
Small increases pay large returns 2% 4% 6% Monthly Contribution $50 $100 $150 In 10 years $9,208 $18,417 $27,625 In 20 Years $29,647 $59,295 $88,942 In 30 Years $75,015 $150,030 $225,044 * Employee who earns $30,000, average annual return of 8%, compounded monthly 5
Savers Credit • If your adjusted gross income does not exceed in 2019: • $64,000 ( Married Filing Jointly) • $48,000 (Head of Household) • $32,000 (Single or Married filing separately) You qualify for Saver’s Credit!
Participant Home Page - Participants will find simply constructed, intuitive menus. 7
Future Investment Elections 8
Existing Balance Transfers 9
Automatic Rebalance 10
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Legend Gaming, LLC Plan’s Investment Options Large Cap Value Van Kampen Growth & Income OSNB Strategic Dividend Fund Large Cap Blend Schwab S&P 500 Large Cap Growth T-Rowe Price New America Growth Mid Cap Value AllianceBern Discovery Value A Mid Cap Blend Dreyfus Mid Cap Index Mid Cap Growth *Neuberger Berman Mid Cap Growth Small Cap Value Goldman Sachs Sm Cap Value Small Cap Blend Schwab Small Cap Index Small Cap Growth Eagle Small Cap Growth International *PNC International Core Equity Oppenheimer International Growth Emerging Mkts American Funds New World Life Stage Fund American Fds American Bal (Continued) 14
Legends Gaming, LLC Plan’s Investment Options Fixed Income Funds Metropolitan West Total Return Metropolitan West Low Duration Bond Money Market Funds Schwab Bank Savings Target Date Funds T Rowe Price Retirement 2016 - 2020 T Rowe Price Retirement 2026 - 2030 T Rowe Price Retirement 2036 - 2040 T Rowe Price Retirement 2046 – 2050 15
Enrollment/Election Form 16
Beneficiary Form 17
Questions Sean P. O’Connor soconnor@oldsecond.com 630-844-8655 18
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