December 9, 2009December 9, 2009

Summit Consolidated Group

2010 Benefits Renewal

Benefits UpdateBenefits UpdateCommitment to Employee BenefitsCommitment to Employee Benefits

According to the Society for Human Resource Management (SHRM), 60% of the employers surveyed indicated that they have had to cut employee benefits this year due to the economy.

Impact on Summit Consolidated Group

We continue to offer a very competitive benefits package as well as continue to enhance our product offering

Benefits RenewalBenefits RenewalSummit Employee Benefits SpectrumSummit Employee Benefits Spectrum

WELLNESSWELLNESS

EAPEAP

401(k)401(k)

PREPAIDPREPAIDLEGALLEGAL

LIFELOCKLIFELOCK

FLEXFLEXVOL.VOL.LIFELIFE

VOL.VOL.CANCERCANCER

LTDLTD

STDSTD

LIFE/LIFE/AD&DAD&D

VISIONVISION

DENTALDENTAL

MEDICALMEDICAL

BENEFITSBENEFITS

Benefits RenewalBenefits Renewal Medical

Medical insurance is renewing with BlueCross BlueShield

Plan ran well this year We performed a complete evaluation of alternate

carriers and plans BCBS continues to provide the most affordable and

comprehensive coverage and network to all employees

Still offering the $1000 and $2500 plans Changing plan designs is only allowed during this open

enrollment period

No payroll deduction changes!!

Medical plans review:Deductibles (starts over 1/1/10): $1000/ $3000 vs. $2500/ $7500Coinsurance 80/70/60/50 & Outside OK: 80/50Out-of-pocket maximum:* $2000-$5000 per person plus ded.Office copay (includes lab work): $20 vs. $35 (ded. & coins. are waived for all children’s visits & 1st 6 adult visits)

Inpatient hospitalization: Ded. & Coins, plus $500 or $750Outpatient surgery: Ded. & Coins, plus: $200 on both Prescriptions:

Generic 30% with $12 minimumPreferred Drug: $25Other drugs: 30% with $25 minimum

Benefits RenewalBenefits Renewal Medical (continued)

* Copays and additional deductibles do not count towards satisfying your OOP Max. Out-of-network services are subject to balance billing and not covered under the OOP Max.

Benefits Renewal Benefits Renewal Medical (continued)

BlueCross Representative: LouAnne Hale

Other benefits and considerations: Preventative, Physicals, ColonoscopyChiropractic & Physical TherapyRequest in-network providersFollow up on pre-treatment verificationsRequest in-network providersBCBS Online Tools and Resources

Benefits RenewalBenefits Renewal DentalDental

Changing carriers from MetLife to Delta Dental Delta Dental was able to offer very comparable benefits and keep

the costs down Plan: $50 deductible, $2000 annual plan maximum, $1500 ortho.

max. Two networks available: PPO & Premier – PPO pays higher

coinsurance and can provide deeper discounts

Network is at good or better than MetLife

PPO Premier Out-of-Network

Class 1 (Preventative): 100% 100% 90%Class 2 (Basic): 90% 80% 70%Class 3 (Major): 60% 50% 40%Class 4 (Ortho.): 60% 50% 40%

Benefits are limited to Class 1 services if you or a family member enrolls and is not coming off another dental plan at this time.

Benefits Renewal Benefits Renewal Dental Dental (continued)(continued)

Find a participating dentist (PDP) at www.deltadentalok.org

Choose PPO or Premier Network

Online Services available through Spotlight™ (/spotlight)

Check claims status and access EOB’s Check available benefits Print ID cards Oral health and wellness education

Benefits Renewal Benefits Renewal Dental Dental (continued)(continued)

Payroll Deduction Changes:

Current RenewalDecrease

Employee $4.58 $3.90 -$0.68Employee/ Spouse $18.19 $15.90 -$2.29Employee/ Children $21.46 $20.90 -$0.56Family $38.73 $37.90 -$0.83

Benefits RenewalBenefits RenewalVision and AncillaryVision and Ancillary

Group Life/AD&D, STD & LTD provided by SummitNo change in benefitsLife: $50,000 (w/ age reduction starting at age 70)AD&D: pays an additional benefit if you die as the result of an

accident or become dismembered

STD: 60% of weekly salary to $1000 weekly maximum LTD: 60% of monthly salary to a $6,000* monthly maximum

benefit

* Some associates may be eligible for an enhanced LTD benefit

The Vision insurance with VSP renews in AprilExam: $10/ Glasses (or Contacts): $25 & discounts on

additional servicesFrequency: Exam and Lenses every 12 months/Frames every

24 months

You can make enrollment changes during March

Benefits RenewalBenefits RenewalFlex PlanFlex Plan

Set aside on a pre-tax basis up to $5000 in anticipated and qualified health expenses and $5000 in dependent care costs through your flex plan on an annual basis.

You and your dependents do not need to be enrolled in Summit’s benefits to be reimbursed for qualified expenses under our FSA. However, you cannot claim the same expenses that are reimbursed through another plan, such as a spouse’s flex or HSA account.

Dependent care expenses will be reimbursed once you have accumulated the money in your account to cover that expense/ claim for reimbursement.

You have until March 31st of the following calendar year to turn in your receipts for qualified expenses incurred between January 1st through December 31st. Money accumulated in your account but not reimbursed in time will be forfeited.

Benefits RenewalBenefits RenewalFlex Plan Flex Plan (continued)(continued)

Advantages:

The “Unreimbursed Medical” acts like an interest free loan. You can incur and be reimbursed for the expenses in January, for example, but only make small payments throughout the year through payroll deductions to cover that expense.

Your payroll deducted flex elections and insurance premiums are deducted pre-tax to save you money. Be advised that you cannot make plan changes throughout the year unless you have a qualifying event.

Expenses you pay out in prescriptions, copays, deductibles, coinsurance etc. on your medical, dental, and vision plans are qualified expenses to be reimbursed through your flex.

Benefits RenewalBenefits RenewalWorksite Products Worksite Products

TRANSAMERICA LIFE INSURANCE COMPANYTransLegacy Universal Life Insurance

Conditional Guarantee Issue up to $75,000

Portable when you leave employment

Includes Accidental Death and Dismemberment, Waiver of premium layoff rider & Terminal Illness Rider

Coverage available for employee, spouse (CGI $25,000), children & grandchildren

Benefits RenewalBenefits RenewalWorksite Products Worksite Products (continued)(continued)

PRUDENTIALVoluntary Group Term Life/AD&D

Guarantee Issue up to $100,000Maximum Coverage Available – Lesser of 5X Earnings or $500,000Annual Increase without Medical Evidence – Lesser of 4 increments ($40,000)/salary multiplesAge Reduction Schedule – 35% @ age 65; 50% @ age 70Spouse Guarantee Issue up to $20,000Child(ren) – Up to $10,000 until 19 years of age, 25 if full-time studentPolicy terminates at retirementPortability is available

ALLSTATE FINANCIALCancer and Specified Disease Coverage

Benefits RenewalBenefits RenewalWorksite Products Worksite Products (continued)(continued)

Pays directly to you unless you assign the benefitPortable (Can be continued if no longer employed)20 specified diseases covered in addition to cancerHospital Confinement – Pays up to $400 for each of the first 70

days of each period of confinement

Radiation, Radio-active isotopes, chemotherapy and immunotherapy – pays up to $20,000 each 12 months

Blood, plasma and platelets – Pays up to $20,000 each 12 monthsPays up to $100 per calendar year for each insured to have cancer

screening tests such as a mammography, pap smear, PSA and CA125

Pays up to $5,000 upon Initial Diagnosis

Benefits RenewalBenefits RenewalWorksite Products Worksite Products (continued)(continued)

Semi-monthly cost:

Base Plan Enhanced Plan Premier Plan

Individual$ 10.48 $ 13.74 $ 17.88Family $ 17.31 $ 23.15 $

30.72

ALLSTATE FINANCIAL (continued)

Cancer and Specified Disease Coverage

SUMMIT FINANCIAL GROUP PRD AUTHORIZATION

Name: _________________________________ Sex: __M__F Social Security Number: ________________________ Mailing Address: _____________________________________ City: ______________________ St: ______ Zip: ______ Home Phone: ( ) Cell Phone: (______)_______________ Height: _______ Weight: _______ Date of Birth: _________ Date of Hire: _________ Job Title: ________________ *Mother’s Maiden Name: __________________ Primary Beneficiary: ___________________ Relationship: ____________________ Email: ____________________________n

Complete For All Dependents (If coverage is requested)

Height Weight

SS#

Date of Birth

Age

Sex

SPOUSE

CHILDREN

SEMI-MONTHLY DEDUCTIONS MONTHLY PREMIUM AMOUNTS (FOR HOME OFFICE)

Deduction Date

Bill Date

1.

Permanent Life - Transamerica

$

Monthly Perm Life Prem

$

2.

Term Life – Prudential

$

Monthly Term Life Prem

$

3.

Cancer – AHL

$

Monthly Cancer Prem

$

4.

Administration Fee

$ .75

Monthly Admin Fee Prem

$ 1.50

Total Deductions

$

Total Monthly Premium

$

_________________ _________________________________________________ Date Employee Signature of Authorization

WAIVER OF COVERAGE I have been offered the opportunity to participate in my employer’s Employee Benefit Program and I decline. I understand that if I want to participate later, I may have to furnish evidence of insurability.

________________ _________________________________________________ Date Employee Signature of Declination

* Permanent Life – If purchased, electronic signature includes last 4 digits of your social security number plus two digit month of birth plus your mother’s maiden name. (example: 557902peddy)

*Permanent Life – If coverage is purchased on spouse Transamerica needs: Date of Marriage______________________________ State of Marriage______________________________

Benefits RenewalBenefits RenewalLifeLock Identity ProtectionLifeLock Identity Protection

They obtain a current credit report and monitor it every 90 daysThey send you one annually from all credit bureausThey request that you be removed from junk mailingsThey provide WalletLock service to help you cancel and reopen new accounts if your wallet is lost or stoleneRecon and TrueAddress will search internet websites for unauthorized use of your personal information and notify you if your address is changed onlineThey call you to approve big purchasesThey will spend up to $1 million doing whatever is necessary to repair your credit if you become a victim of identity theftTeenagers are now being targeted because their credit won’t be searched until they are at least 18Employees covered for $66 per year/ children under 16 are $25/ yearJust use the promotional code SFG40 at www.lifelock.com to obtain your discount

Provides the following services:

Benefits RenewalBenefits RenewalPrepaid LegalPrepaid Legal

Legal consultation and adviceWrite letters and make calls on your behalfReviews contracts and documents for youWill preparation service with annual review, plus Living Will and Power of Attorney preparationMajor an Minor Motor Vehicle legal servicesTrial defense services, start at 60 hours and increase with each renewalIRS Audit Legal ServicesLegal Shield card provided to use in immediate situationsCost is $15.95 per month for the entire family for the standard plan

Provides the following services:

Benefits RenewalBenefits RenewalEmployee Assistance ProgramsEmployee Assistance Programs

An Employee Assistance Program provides counseling for common issues such as:

Depression and Stress ManagementMarital ConflictsParenting, Child Care and Elder Care ConcernsEmotional Problems and CrisisFinancial and Legal ConcernsAlcohol and Drug-Related Addictions

All employees have access to the EAP through Lincoln Financial. Tulsa area employees also have access to our initial EAP service through Community Care.

Advantages:Improved health through counselingContact to the EAP is anonymousCounselors are available 24/7 via phone and internet, and you can schedule appointments for one on one counseling sessions. Situations that require further treatment will be referred to an outside counselor.

Benefits RenewalBenefits RenewalWellnessWellness

In addition to addressing stress-related and emotional concerns through the EAP, you can further manage your health and help prevent medical conditions through the numerous wellness tools provided to you by:

BlueCross BlueShield website: www.bcbsok.com Register for BlueAccess

Delta Dental website: www.deltadentalok.org Register for Spotlight

ActivHealth website: www.activhealth.com

Summit Financial GroupSummit Financial Group401(k) Plan Summary401(k) Plan Summary

Summit Financial GroupSummit Financial Group401(k) Plan Summary401(k) Plan Summary

PARTICIPANT ELGIBILITY: Minimum Age: 21, Waiting Period: 6 consecutive month period. Those eligible but not in the plan will be automatically enrolled at 3% of pay unless you opt out or select a different percentage.

Contributions will be increased 1% per year to a cap of 6%.

PLAN ENTRY DATES: January 1, April 1, July 1, Oct. 1 (after meeting eligibility requirements)

DISCRETIONARY MATCH: Summit has a discretionary match, historically 25% on the dollar up to 4%. A discretionary profit sharing contribution may be made.

VESTING:* All Company contributions subject to the following schedule: Years of Service Ownership Percentage 0-1 0%

*All accounts are fully vested at 2 20%Normal Retirement Age 65. 3 40%

4 60% 5 80% 6 100%

DISTRIBUTIONS: Funds are available upon retirement, death, disability, or termination of employment. In-service withdrawals are allowed at age 59 ½ Loans are allowed under the plan.

Benefits RenewalBenefits Renewal 401(k) Contact Information401(k) Contact Information

http://retirement.standard.com

Or call INFOLINE at 800.858.5420

For a salary deferral form contact Kristina Humphrey at x411.

All forms are due to Thelma no later than January 4th.

Benefits RenewalBenefits RenewalInformation NeededInformation Needed

Required Forms:Dental applications Flex election formsComprehensive Benefits Election Form

Optional Forms:Medical application - for changes onlyLife insurance beneficiary form- for updates only401(k) election form- for changesVoluntary/ Worksite coverage forms

Dental forms are due by Monday, December 14th

All other forms are due by Friday, December 18th

Questions will be addressed at this time. Those that are only relative to an individual should be addressed to shannon@yoursummit.com

after the call.

Thank you

Benefits RenewalBenefits RenewalQuestions & AnswersQuestions & Answers

Human Resource NoticesHuman Resource Notices

9/80 Program Reminders:

You should be working during your scheduled working hours. Coming in early and working late is not intended for visiting and taking breaks.

The program is a privilege and continues to be evaluated. If it is abused, the abuser can be removed from the program, or the program eliminated all together.

Although it’s not our intent to have associates work on their day off, you need to make sure your work is taken care of before taking off or leaving early that Friday.

2010 Holiday Calendar2010 Holiday Calendar

New Years Day Friday, January 1st

President’s Day Monday, February 15th

Good Friday Friday, April 2nd

Memorial Day Monday, May 31st

Independence Day Monday, July 5th

Labor Day Monday, September 6th

Thanksgiving Thurs. & Fri., November 25th & 26th

Christmas Eve Friday, December 24th

New Years Eve Friday, December 31st