Tops 401K **REVISED **Timeline

Here is a REVISED timeline of the 401K process that will be happening over the next several weeks. The weekly percentages that will go in members 401K accounts will be paid in September for August contributions. And here is what we are working on as a timeline:
1. Finalized grids submitted to bankruptcy court – 8/22/18 APPROVED
2. Bankruptcy court approval of grids – 8/30/18 APPROVED
3. Mailing of determination letters with participants’ age and service, as well as SPD and SMM to participants:
MEMBERS WILL HAVE PERSONALIZED LETTERS BY THE END OF SEPTEMBER 2018
4. Receipt of $12M seed money and partial distribution to participant accounts (cash or default investment?) – September 12, 2018
5. 401K Education meetings with members – SCHEDULED SEE September, October and November (SEE ATTACHMENTS BELOW)
6. 60 day appeal deadline for age and service determination – WILL BE 60 DAYS FROM RECEIPT 11/30/18
7. Distribution of remaining seed money – 11/30/18 We will keep you informed of any changes.