Profit Sharing and AWDC Contributions: The total 2014 Profit Sharing contribution of $8.7 million was made into The Lubrizol Corporation Employees’ Profit Sharing and Savings Plan on March 12, 2015. For each eligible participant as of December 31, 2014, the contribution represents 2.25% of their 2014 basic compensation.
For those employees hired, re-hired or transferred into a non-bargaining unit position on or after January 1, 2010, a total contribution of $4.6 million was made into the Age-Weighted Defined Contribution Plan also on March 12, 2015.If you were an eligible participant as of December 31, 2014, the contribution represents a percentage of your 2014 basic compensation based on your age as of the end of the year.
Basic compensation under both plans includes base biweekly salary, bonuses (variable pay), overtime, shift premiums, and commissions.
To view contributions on the Participant Website, click on the Contribution History link.
Important Plan Update: The TD Ameritrade Self-Directed Brokerage Account option is now available. This new brokerage option will give you the ability to invest a portion of your Plan balance in more than 13,000 mutual funds including more than 2,100 no-load, no-transaction-fee (NTF) mutual funds. For more information on this new option, login to your account and visit the Plan Information section or the Message Center to read the Self-Directed Brokerage Account flyer for a list of frequently asked questions.
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