Save more.
Spend less.
Stretch your dollars.

BEK-paid Basic Life/AD&D Insurance
Full-time employees automatically receive $50,000 in term life insurance:

• Provides lump sum benefits if you die.
• Provides a benefit if you lose a limb or suffer paralysis in an accident.

BEK Supplemental Life/AD&D

• Choose $50,000 to $950,000 in coverage in $50,000 increments.
• If you leave BEK, you can take this coverage with you when you continue to pay premiums directly to Lincoln Financial Group.
• If you enroll during your initial enrollment period, you are guaranteed coverage up to $300,000.
• Amounts over $300,000 will require Evidence of Insurability (EOI) and must be approved by Lincoln Financial Group to be effective.
• Rates are based on the age of the employee as of January 1^st, 2024.

BEK Spouse Life/AD&D
What you need to know:

• Choose a coverage amount of $50,000 to $250,000 in $50,000 increments.
• Spouse coverage can be up to 100% of the employee life/AD&D amount, not to exceed $250,000.
• Amounts over $50,000 require Evidence of Insurability (EOI) and must be approved by Lincoln Financial Group to be effective.
• Rates are based on the age of the employee as of January 1^st, 2024.

BEK Child Life/AD&D
What you need to know:

• Each child receives $10,000 in life/AD&D coverage except from birth to 14 days old, which provides $1,000 in coverage.
• Children up to age 26 can be covered.
• You may enroll unmarried dependent children age 26 or older who are incapable of self-care due to a mental or physical disability. They must be fully dependent on you for support and claimed on your federal tax return.
• Be sure to list the names of each child during enrollment when requested; otherwise, they will not have coverage.
• Pay the same low rate of $1.50 a month—no matter how many children you enroll.

Visit Lincoln Financial Group at mylincolnportal.com and use Company code BEKCO or call 1-888-408-7300.

In 2024 you can save up to $23,000 of your pay in the BEK 401(k). How much should you be putting away for retirement? At least 4%, of course! Why? Because Ben E. Keith contributes one dollar for each dollar you save, up to 4% of your pay. So if the convenient payroll deductions and potential tax advantages don’t get you into the plan, the Company match should.

If you don’t elect a contribution rate, you will be automatically enrolled as soon as you are eligible at a contribution rate of 4% of your pay.

Who can participate?
Full-time and part-time employees are eligible to participate in the 401(k) on the first day of the month following 60 days of service. You must be under age 55 or have less than one year of Company service as of July 1^st, 2018 to participate in the 401(k).

When participation begins
You can start contributing to your 401(k) on the first day of the month following 60 days of service if you were hired on or after July 1^st, 2018. Each pay period, money will be deducted from your paycheck at a pre-tax contribution rate of 4% of your pay unless you go to empowermyretirement.com and indicate what amount you prefer before the 1^st day of the month following your 60^th day of employment. You can increase, decrease or stop your contributions at any time.

More about Company contributions
Get the $1 for $1 Company match up to 4% of your pay. How it works:

We’ll help you get started
You can choose your own contribution rate any time. However, if you don’t get around to enrolling or choosing an amount, we’ll automatically enroll you at a contribution rate of 4% of your pay. Prefer a different amount or want to change or stop your contributions? Go to empowermyretirement.com.

Age 50 or older in 2023?
The IRS allows you to contribute an additional $7,500 in “catch-up” contributions, up to the 2024 limit of $30,500. This helps you save even more for your retirement.

Vesting is simple
“Vesting” is the point in time when you “own” the dollars in your 401(k). You are 100% vested in any BEK matching contributions (and any earnings) after two years of Company service. Your personal contributions are always 100% vested.

Rollovers are welcome
You can roll over dollars from a qualified retirement plan or IRA into your 401(k) account. We suggest you consult your personal financial advisor or Empower Retirement at empowermyretirement.com or call 1-833-BEK-SAVE (1-833-235-7283).

Have questions? Need help?
Contact Empower Retirement at empowermyretirement.com or call 1-833-BEK-SAVE (1-833-235-7283).

Print a handout about 401(k) and Profit Sharing.

Ben E. Keith is extremely proud to have contributed millions of dollars to the BEK Profit Sharing accounts of our employees in the last 15 years.

Profit Sharing dollars from Ben E. Keith, along with your 401(k) savings, will help you be on your way to a comfortable retirement

Who can participate?
Full- and part-time employees with 1 year of Company service who have worked a minimum of 1,000 hours are eligible for a Profit-Sharing contribution if BEK makes a discretionary contribution.

How your account is invested
We will automatically invest dollars in your account in a State Street Target Date Fund based on your retirement age. Or, you can choose funds that better meet your personal investment strategy if you prefer.

You can choose the same (or different) funds for your 401(k) account.

Vesting is simple
Your Profit Sharing contributions from Ben E. Keith are 100% vested after six years of service:

• 20% after year 2
• 40% after year 3
• 60% after year 4
• 80% after year 5
• 100% after year 6

Have questions? Need help?
Contact Empower Retirement at empowermyretirement.com or call 1-833-BEK-SAVE (1-833-235-7283).

Print a handout about 401(k) and Profit Sharing.

Go to smartdollar.com/enroll/benekeith and use the EveryDollar tool to learn where you stand.

Continuing (or starting) your education with the help of Ben E. Keith Company is a great way to develop your career.

How to apply

1. Complete the one page application then submit to education@benekeith.com by the below deadlines.
   You’ll need to provide details about your degree and anticipated financial request. Your manager must sign your application and you must be in good standing to be eligible. You will need Adobe Acrobat Reader to view and complete the form. Applications should be submitted no later than:
   • July 15^th for Fall semester.
   • November 15^th for Spring semester.
   • April 15^th for Summer semester.

   If the deadline falls on a weekend, the deadline will be the following Monday.

2. The Educational Review Committee will review applications shortly after the deadline. You’ll be notified of whether you are accepted into the program within four weeks.
3. You will be reimbursed each quarter for approved expenses, including tuition, fees, and books after you submit receipts. In addition, you must provide documentation such as a transcript that shows you have received a passing grade of C or higher, or received a “Pass” if the course is “Pass/Fail.”
4. If accepted into the program, you must submit your invoice/receipts for reimbursement within 60 days of completing each semester’s coursework.

For additional details, review the Educational Assistance Program Policy.

• Retiree checklist.
• Retiree handout.