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You are eligible to participate in the Directed Account Plan 401(k) for CACU employees referred to as the DAP if: (i) you are not an excluded employee; and (ii) you meet the Plan’s eligibility requirements. Excluded employees include non-employee contract workers and employees whose employment is governed by a collective bargaining agreement under which retirement benefits were the subject of good faith bargaining, unless such agreement expressly provides for participation in this Plan.

To meet the eligibility requirements for purposes of Before-Tax Contributions, Roth Contributions and Matching Contributions, you must attain age 21 and complete a year of service. To meet the eligibility requirements for purposes of Profit-Sharing Contributions, you must attain age 21 and complete a year of service for eligibility.

You may begin to make or receive each type of contribution on the next entry date after you become eligible. The entry date with respect to salary deferrals and matching contributions is your date of hire.

You can earn a year of service for eligibility if you complete 1,000 hours of service in the 12 month period beginning on your employment commencement date (the date you first complete one hour of service), or in any subsequent twelve month period beginning on an anniversary of your employment commencement date. For eligibility purposes, your service you previously earned under the CommunityAmerica Credit Union Retirement Savings Plan (including years of service with Santa Fe Credit Union Topeka, WECOE Credit Union, Farmland Credit Union and Midwest United Credit Union) will count. An “hour of service” is any hour for which you are paid or entitled to payment.

If you terminate employment after completing a year of service for eligibility, you will be entitled to participate in the Plan immediately upon the date of your re-employment in covered employment.

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