HR Update: 401k and Open Enrollment

401k plan Merger

We would like to remind all employees who have a 401k plan through Transamerica that  EPG MEDIA LLC has elected to merge The EPG Media LLC 401(k) Plan (“Plan”) into the ADP TotalSource Retirement Savings Plan (“ADPTS Plan”) effective January 01, 2015. All Plan assets will be transferred to the ADPTS Plan on June 8, 2015.

As a result of this merger, you temporarily will be unable to direct or diversify investments in your individual accounts, obtain a loan from the Plan, or obtain a distribution or withdrawal from the Plan. This period, during which you will be unable to exercise these rights otherwise available under the Plan, is called a “blackout period”. This blackout period is required by the Plans’ record keeper in order to facilitate the transfer of your personal account information and account transaction history from your Plan to the ADPTS Plan. Whether or not you are planning retirement in the near future, we encourage you to carefully consider how this blackout period may affect your retirement planning, as well as your overall financial plan.

It is expected that the blackout period for the Plan will begin on May 29, 2015 and end on or about July 8, 2015. If you have additional questions regarding the plan merger please contact the ADP TotalSource Service Center at (855) 646-7549, and press “0” to speak to a Customer Service Associate (available weekdays 8:00 a.m. to 8:00 p.m. (excluding New York Stock Exchange holidays).

Benefits Open Enrollment

The paperwork is being finalized on this year’s Open Enrollment for medical, dental and vision benefits available to our employees. You should be receiving notification from ADP regarding the plans and premiums, as well as the dates of the election period.