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+ I <br /> 5. To provide the participant with a statement of their account twice <br /> a year which shows the value of their account. <br /> i <br /> I <br /> i <br /> 6. To allow the participant to borrow from their account when they <br /> have complied with the eligibility requirements established by the <br /> Administrator and the Plan as permitted by Federal Regulations, the <br /> Plan and Administrator. <br /> I <br /> 7. To provide the participants withdrawal options including lump sum <br /> distribution and periodic payments in accordance with the Plan and <br /> the Internal Revenue Code of 1954, as it may be amended. <br /> I <br /> I <br /> 8. To provide administrative and operating procedures for the <br /> employer. <br /> ARTICLE III <br /> Required Plan Participation <br /> I <br /> An Employer and the Administrator must jointly be successful in <br /> i <br /> i <br /> obtaining satisfactory participation from employees of all pay grades of <br /> the employer. BUT. as Administrator of the State 401(k) Plan, is <br /> obligakled to insure favorable anti-discrimination testing results. When <br /> an employer does not have satisfactory voluntary participation from the <br /> upper and lower paid employees, employers will be subject to limited <br /> eurollient of all employees excluding enrollments resulting from <br /> employer contributions as mandated by law. <br /> I <br /> -5- <br /> I <br />