THE PENSION PLAN

All categories of employees of PHK CPA are eligible to participate in the company sponsored SIMPLE IRA Plan, if they successfully complete the 90 Introductory period and either ....  Each eligible employee may elect to either participate or not participate in any given year. Once the election is made for any year...

The eligible employees are fully vested in the plan immediately upon enrollment. Upon termination, the funds are fully available to the terminating employee.