Page 17 - Guide
P. 17
401(k) Retirement Planning
We recognize the value and importance of saving for your retirement.
Don’t fool yourself into thinking you can’t save for your future. The
fact is, your workplace savings plan helps make it easy, convenient, and
affordable to accumulate the money you need for retirement. If you have
not already joined the 401(k), now is the time!
When Can I Enroll?
You must be 18 years of age and have satisied 60 days of service. You
can then enroll on the irst of any month.
How Do I Enroll?
There are 2 ways to enroll.
Call Fidelity directly at 800.835.5097 or
Go online to www.401k.com
How Much Can I Contribute?
You can contribute up to 60% of eligible compensation, inclusive of
pretax and/or Roth deferrals. The 2017 IRS limit is $18,000. If you are
age 50 or over by the end of the calendar year and have reached the
annual IRS limit or plan’s maximum contribution limit for the year, you
may make additional salary deferral, pretax contributions to the plan up to
the IRS Catch Up Provision Limit (2017 = $6,000).
17
We recognize the value and importance of saving for your retirement.
Don’t fool yourself into thinking you can’t save for your future. The
fact is, your workplace savings plan helps make it easy, convenient, and
affordable to accumulate the money you need for retirement. If you have
not already joined the 401(k), now is the time!
When Can I Enroll?
You must be 18 years of age and have satisied 60 days of service. You
can then enroll on the irst of any month.
How Do I Enroll?
There are 2 ways to enroll.
Call Fidelity directly at 800.835.5097 or
Go online to www.401k.com
How Much Can I Contribute?
You can contribute up to 60% of eligible compensation, inclusive of
pretax and/or Roth deferrals. The 2017 IRS limit is $18,000. If you are
age 50 or over by the end of the calendar year and have reached the
annual IRS limit or plan’s maximum contribution limit for the year, you
may make additional salary deferral, pretax contributions to the plan up to
the IRS Catch Up Provision Limit (2017 = $6,000).
17
