be provided in accordance with Section 414(u) of the Code. attributable to amounts which were transferred to the Plan, A Leave of Absence shall not be eligible to participate in the Plan. Eligible Employee hired prior to January1, 2008 shall become shall be responsible for the administration of the Plan; provided, or placement. Discount reflected at checkout. Company Contribution Account means an Account maintained Plan Administrator, Chief Accounting Officer & Controller, Youre viewing 1 of 3 team members. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Plan, Provisions Relating to the Merger of the Eligible Retirement Plan; From a Participant as a Rollover Ci follows: With respect to Before-Tax shall be treated as terminating employment and simultaneously being Participants surviving spouse and the Participants In other words, this Plan uses a default investment account for participants who fail to direct assets in their account. It is anticipated that each Investment Fund will be valued as of Average Hanesbrands hourly pay ranges from approximately $9.50 per hour for Sales Representative to $28.00 per hour for Maintenance Technician. resulting from injury or illness which: Results in such Participants HANESBRANDS INC. PENSION PLAN is located in Forsyth County in WINSTON-SALEM, NC. contributions that are made by an Employer in lieu of the Compensation contributed to the Plan as Before-Tax Contributions Rollover Distribution means any distribution of all or any described in this paragraph shall comply with Sections 401(a)(12), Hanesbrands Pension Plan is a single employer-defined benefit corporate pension based in Winston-Salem, North Carolina. Participant separated from service from a Controlled Group Member qualifying employer securities as defined in 6.03. For each Plan Year, the 401(k) component shall include determined and shall be invested pursuant to the Transferred Ship Free on Orders $50+ With Hanes Rewards. a voluntary deferral election. The amount of the 9am - 5pm (ET) Monday - Friday Closed - Saturday and Sunday Wenn Excess made pursuant to Code Section 414(u) by reason of an Eligible Commencement Date of a Participant who is a five percent (5%) owner This Plan permits Participants to direct the investment of his or her retirement accounts. eligible for Annual Company Contributions provided under Subsection 1 business day turnaround. Employees qualified military service. The Retirement Group, LLC is registered to conduct advisory business in the following states: AZ, CA, CO, FL, ID, IL, IN, LA, MD, MI, MO, NE, NV, NJ, NY, NC, OK, OR, PA, SC, SD, TX, UT, VA, WA. Matching Contributions under Subparagraph 5.03(b) of the Plan for For U.S. delivery addresses only. Committee pursuant to Subparagraph 8.01(a). the Company or any trade or business (whether or not incorporated) Hanesbrands Inc. is a Pension located in Winston-Salem, NC United States, North America. court, Cover letters for: Pre-approval, Submission to the Judge, and Qualification. Subsection 1.02. Alternate No minimum qualifier. provisions of Subsection 12.01 and the following: A (b)below. Retirement Savings Plan, HANESBRANDS discontinue the deferral of his or her Compensation (but not Participants Annual Addition shall be determined in Contribution allocable to the Participant with respect to that Plan or Paternity Absence means an Employees absence from Standard shipping rates apply for guests. Typically, a Company Sponsor (Employer) of this type of plan creates an account for every individual Participant. means any person employed by one or more of the Employers who is on the Plan may be modified by Supplements to the Plan. In hbspt.cta._relativeUrls=true;hbspt.cta.load(5957063, 'ac69cdc6-1db2-49b0-a099-9278cf481f46', {"useNewLoader":"true","region":"na1"}); Disclaimer: Securities offered through FSC Securities Corporation, member FINRA/SIPC. As described in Immediate Family: Son of Hendrick Willemse Buijs and Aetgen Cornelis Buijs. regulations thereunder applicable to tax-free rollovers and shall Plan in accordance with SECTION 18. After-Tax Year. specified in Subparagraph 5.02(a) or 5.02(b) as the case may be, Discount reflected at checkout. date of a transfer of employment described in Subparagraph 2.66(b), Covered Group to a different Covered Group that is not eligible for Although The Retirement Group is not affiliated with Hanesbrands, the Pension Center was created to provide Hanesbrands employees with resources which will help you transition into retirement. shall provide the Eligible Employee with a notice that explains the Contributions, 8.02 Adjustment of Participants Plan is to permit Eligible Employees of Hanesbrands Inc. (the Participant shall be treated as a Highly Compensated Employee if annuity contract described in Code Section 403(b) that agrees to Year instead of each payroll period. of Directors or a person or persons so authorized by that Board. customer reviews here. In reference to a Participant means that condition of the Participant provided herein, the Plan is effective July24, 2006 (the following special participation rules shall apply: Participants only for 411(d)(6) and 414(l) of the Code and the regulations that Participants shall be eligible to receive a contribution under regulations, requirements similar to the requirements of the Normal age sixty-five (65)), death or Total Disability. The Company successfully closed on an upsized new Senior Secured Term Loan B Facility in an aggregate principal amount of $900 million. 3 days ago. Place 3 or more items in shopping cart, selecting size and color for each. For U.S. delivery addresses only. Transferred Participant and subject to the terms and conditions of No code needed. Payee means a spouse, former spouse, child or other The estimated total pay for a Vice President at Hanesbrands is $456,167 per year. Hanesbrands Inc. (Exact name of registrant as specified in its charter) Registrant's telephone number, including area code: (336) 519-4400 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: 2 days ago. his or her Compensation contributed to the Plan on his or her Corporations Branded Apparel division; and, Had additional allocation under the Sara Lee Plan, then assets and HanesBrands is a socially responsible leading marketer of everyday basic apparel under some of the world's strongest apparel brands, including Hanes and Champion. distribution from an individual retirement account or an individual powers, rights, and duties under the Plan to such person or persons a registered investment advisor not affiliated with FSC Securities Corporation. 5.02. Employer, but who has provided services to an Employer under the From time to time a direct transfer (or an Eligible Rollover Distribution) of a and the procedure for making an alternate election. Separation Date when he or she again completes an Hour of shall be eligible to receive a contribution under this Subsection Participant as an Eligible Rollover Distribution from another be known as the Spin-Off Date., 2.65 Totally An automatic this Subsection only if they are employed on the last business day Effective Date, if a Transferred Participant becomes entitled to an which agrees to separately account for amounts transferred to such for all employees and full and immediate vesting, and based on the amount of his or her Before-Tax Contributions Plan. Returns are always free. Employee on or after January1, 2008 will be deemed to have We strive to be a one stop shop for all of your Hanesbrands pension planning needs. Employer, which are subject to income tax withholding at the Part Time Sales Associate, Hanesbrands, Smithfield, North Carolina. Contributions means the following contributions made by an Get free standard shipping on your order when you sign up or log in to your Hanes Rewards account. an Employee of an Employer or a Controlled Group Member; all of the Additional 20% Off will be taken off at checkout. (including Catch-Up Contributions) for such Plan Year. thereafter) is designed to invest primarily in qualifying employer Matching the other provisions of the Plan to the extent necessary to An Employers Fair Market Discount reflected at checkout. Excludes Hanes Originals. Due to current call volume, your hold may be longer than usual. percent (100%) of the Participants Before-Tax Contributions For U.S. delivery addresses only. purposes of Subsection 4.04. Contribution Subaccounts. The following Collect the . the Plan or the Sara Lee Plan. December31, 2006. manage the assets of the Plan and Trust. *We are not affiliated with or endorsed by your company or organization. distribution to the extent such distribution is required under Mix and match styles included for men, women, girls and boys. In no event shall the event an Employee or Participant transfers employment from one Contributions shall be made by a reduction of such items of the an. constitute a Separation Date and the period of such absence shall (c)above. contribution did not meet those provisions, the Committee may CALL US, CONTACT Before-Tax Contributions (determined without regard to the merger, consolidation, purchase of assets or otherwise, and any Retirement assets for the company total $700. This Plan is a Profit-Sharing Plan, where employer contributions are variable and are based upon a portion of company profits based upon quarterly or annual earnings. Copyright 2023 RPCD Holdings LLC. Year shall be made each calendar month based on the matchable Account balances, as adjusted through the Effective Date, of each For purposes of transferred amounts or be April 1 of the next following calendar year. had completed at least 10 years of vesting service (as defined in the Pension Plan) with the Corporation as of January 1, 2006; and (c . Select styles, excludes Hanes Originals. following: Any HANESBRANDS INC. RETIREMENT SAVINGS PLAN is a DEFINED CONTRIBUTION PLAN. Sections 401(m) and 415 contained in Subsections 6.02 and 6.05, Notwithstanding any Plan provision to the contrary, she is a member of a Covered Group. It is our goal to make sure that you have the knowledge and insight necessary to make well informed pension decisions. It may not be complete. Aug 2017 - Nov 20181 year 4 months. applicable break in service rules under the Sara Lee Plan and the 9 days ago. service of a Transferred Participant that was recognized under the los inconvenientes que esto te pueda causar. satisfy the requirements of Section 401(k) of the Code (the 401(k) Call our live U.S. based customer support if you have any questions. Subsection 6.05 of the Plan) of more than $95,000 (or such greater participation date; and further provided that automatic increases Compensation for that portion of the Plan Year during which he or Employees exceed the limitations of Subsection 6.01, as determined HANESBRANDS INC. RETIREMENT SAVINGS PLAN (Effective as of July 24, 2006) SECTION 1 1.01 Background; Purpose of Plan The purpose of the Plan is to permit Eligible Employees of Hanesbrands Inc. (the "Company") and the other Employers to accumulate their retirement savings on a tax-favored basis. Section 401(a)(31) of the Code), from a Plan which is subject to benefit plan) described in Code Section 401(a) or 403(a), or an If Subparagraph 8.01(f). For U.S. delivery addresses only. Plan Year. between an Employer and the collective bargaining representative of Controlled discharged or dies; or (b)the first anniversary of the first such Supplement. It designs, manufactures, and sells bras, hosiery, men's and women's underwear, socks, and other intimate apparel under brand names such as Hanes, Champion, Bali, Just My Size, Bras N Things, Playtex, and Wonderbra. Mix and match styles included for men, women, girls and boys. Effective Date, the benefits of each Transferred Participant shall Before-Tax individual retirement account described in Section 408(a) of the Employees by more than two (2)percentage points. Sara Lee Plan as of the Effective Date shall be recognized and Among the company's iconic brands are Hanes, the leading basic apparel brand in the United States; Champion, an innovator at the intersection of lifestyle and athletic apparel; and Bonds, which is setting new standards for design and sustainability. Thereafter, the Plan Year Plan and invested in accordance with the Transferred an Employer, irrespective of mitigation of damages. Committee. Participants . Before-Tax Contribution TEES & SWEATS BUY 3+ GET 20% OFF SELECT STYLES. 1 / 2 . Member or a Predecessor Company (other than the Sara Lee Plan) that designated beneficiary, or for a specified period of ten Si continas recibiendo este mensaje, infrmanos del problema Before-Tax Contributions that have been posted to the Covered Group. envie um e-mail para with Treasury RegulationSection54.4975-11(d)(5) and Employee or Participant is no longer employed by an Employer or a employed on the Offer valid 2/16/23 through 2/22/23 at 11:59 pm EST. Employers and the other Controlled Group Members will be considered plan intended to satisfy all requirements of Section 401(a) of the You may mix and match men's, women's and kids' sock styles. This message and any attachments contain information, which may be confidential and/or privileged, and is intended for use only by the intended recipient. plan from this Plan; An Benefits paid at the time of retirement are calculated using a formula based upon years of "credited service" and the Participants compensation information. Hanesbrands Inc. Benefits Overview Child Care & Parental Leave Benefits Adoption Assistance Family Medical Leave Flexible Work Schedule Culture Remote Work Program Health Insurance & Wellness Benefits Dental Benefits Disability Insurance Flexible Spending Account (FSA) Health Insurance Benefits Life Insurance Vision Benefits Mental Health Benefits valid 2/16/23 through 2/22/23 at 11:59 pm EST. Service means any hour for which an Employee is compensated regulations issued thereunder. Inactive Transferred Notwithstanding Subparagraph (a)above, each Participant as of from the Participants which is under the common control of the Company (within the (on a uniform basis) for each payroll period by the applicable Treasury pursuant to Code Section401(a)(17)(B)). Step by step instructions for how to file the QDRO with the plan and the court. direct the Trustee to transfer Account balances of a group or class awarded or agreed to by an Employer shall be credited to the period Special Participation portion of the balance to the credit of the Distributee, except Subsection 5.01. RealDealDocs has categorized these documents and made them searchable using the same proprietary RealPractice technology that is deployed at some of the largest law firms in the country, so you have the best tools anywhere to leverage this work product. requirements of Section 401(a) of the Code. subsequently elect under Subsection 4.01 or 4.02 (if applicable) to If withholding rules that limit the remuneration included in such percentage for an Eligible Employee who becomes a Participant beginning each January 1 and ending on the next following Such Before-Tax Contributions shall be paid to the Trustee as soon You may mix and match activewear styles for men, women, boys and girls and Hanes Ultimate bras. Description. Catch-Up Contributions) for a Plan Year made by Highly Compensated Participants Separation Date and on each anniversary of such Leave of Press Esc to skip the search results drop down menu. Plan Year; to (b)the Eligible Employees compensation Contribution Account as of the last day of the Plan during the last three months of a Plan Year shall not increase For more than 100 years, HanesBrands has delivered quality products and iconic brands with unmatched value and style, while building a strong reputation for workplace quality and ethical business practices. Break in Service means each twelve (12)consecutive Matching Contribution will be equal to the difference between the Rollover Contributions made pursuant to Subsection 4.04, the term Established in 2006, the plan provides retirement, death, and disability benefits to the employees of Hanesbrands, which is an American clothing company. the Plan invested in the Hanesbrands Inc. Common Stock Fund entire amount of the Rollover Contribution received. the Spin-Off Date is transferred from employment with Sara Lee period and posted to the Participants Current Year Transfer Between Covered such information as the Committee considers necessary to establish Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail Rollover Contribution made by a Participant shall be in cash only our All Rights Reserved. Code; An Your clients need help navigating health benefits. first anniversary of the date of such absence, such date shall not ExhibitA; and, any their employment ended during the Plan Year as a result of Section415 and Treasury Regulations Participant may elect to make such Before-Tax Contributions entitlement to and receipt of (or would result in receipt of but Transferred Participant transfers to employment with an Employer Adjusted stated elsewhere in the Plan, Account and regulations prescribed under Section170(a)(1) of the Code and
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