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Enron Mail |
So I don't need to do anything in order to be a part of the "cash balance
plan"? When I pull up my account information from the "Savings Plan" website, it says my investments and balances are zero, so I assume I need to enroll in this myself if I want to be a part of it. The plan I'm referring to allows you to invest up to 15% of your before-tax income in either Enron Corp stock or a variety of mutual funds. In this plan, up to 6% of your contributions are matched by Enron, beginning one month after your hire date. I guess my question is - What is this plan called? And if I enroll in it myself online, will I be doubling up on something Enron has already done for me? If this is not the retirement plan, what is? I'm sorry to ask so many trivial questions. I just want to make sure I've taken advantage of all the programs and not neglected opportunities because I thought they were automatically given to me. Thanks, Kate Amy FitzPatrick 01/16/2001 09:43 AM To: Kate Symes/PDX/ECT@ECT cc: Subject: Re: Savings Plan v. 401K Kate - 401K and the cash balance retirement plan are 2 separate plans. You are automatically enrolled in the cash balance plan - you would be eligible to participate for the year 2000. Going forward, at the end of each year, Enron will set aside 5% of your salary into an account (Enron directs these funds). This account has a 5 year vesting period meaning that you must stay with the company for 5 years to be eligible to receive these funds when you leave. Does this help? Amy Kate Symes 01/16/2001 09:34 AM To: Amy FitzPatrick/PDX/ECT@ECT cc: Subject: Savings Plan v. 401K I'd like to enroll in the Enron Savings Plan program; however, when I was navigating through the savings plan website, I started wondering if the retirement plan and the self-directed brokerage account are the same thing. I think you probably have some information regarding these plans. Could I borrow that later this afternoon, or even better, sit down with you for a minute to clarify which plans I am eligible to enroll in and when? Thanks in advance for your time. Kate
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