Page 20 - Benefits Guide
P. 20
IRS 401(k) Retirement Savings Plan
Maximums 401(k)
For 2017, you can contribute up to
$18,000 per calendar year to your Your inancial security is important to you, your family, and to us as your
401(k) account . If you are age 50 employer. We want you to feel secure and prepared for life after your
or will turn age 50 by December 31, career. In partnership with Ascensus, our 401(k) plan is designed to help
you may contribute an additional
“catch-up” contribution of $6,000 . you plan ahead and feel prepared. You are eligible for the 401(k) plan on
Limits for 2018 are not yet the irst of the month following 60 days of employment.
available . Please check irs.gov for
the most updated contribution limit How the Plan Works
guidance .
You may contribute toward your retirement on a pre-tax and/or post-
tax basis
There are a wide range of investment strategies—including bonds,
stocks, and cash equivalents
The plan also offers an invest-for-me approach using target date funds
designed to invest according to the timing of your retirement
The plan offers special tax perks for participating, including reducing
your taxable income while saving for retirement
Unless you “opt out,” you will be enrolled in the myNEXUS, Inc.
401(k) plan with a contribution of 3% of your per-pay-period
earnings; contributions will be made to the target fund which best
meets your retirement age; you may log into the Ascensus website to
change your contribution or funding option at any time
You are always 100% vested in your contributions and will be fully
vested in any myNEXUS contributions after four years (25% per year)
If you do not wish to participate in the myNEXUS 401(k) plan, you
must “opt out” before the effective date of participation, which is the
irst of the month following 60 days of service
The sooner you start, the longer the period of time your savings have
to grow
20 2017–18 Benefits Enrollment
Maximums 401(k)
For 2017, you can contribute up to
$18,000 per calendar year to your Your inancial security is important to you, your family, and to us as your
401(k) account . If you are age 50 employer. We want you to feel secure and prepared for life after your
or will turn age 50 by December 31, career. In partnership with Ascensus, our 401(k) plan is designed to help
you may contribute an additional
“catch-up” contribution of $6,000 . you plan ahead and feel prepared. You are eligible for the 401(k) plan on
Limits for 2018 are not yet the irst of the month following 60 days of employment.
available . Please check irs.gov for
the most updated contribution limit How the Plan Works
guidance .
You may contribute toward your retirement on a pre-tax and/or post-
tax basis
There are a wide range of investment strategies—including bonds,
stocks, and cash equivalents
The plan also offers an invest-for-me approach using target date funds
designed to invest according to the timing of your retirement
The plan offers special tax perks for participating, including reducing
your taxable income while saving for retirement
Unless you “opt out,” you will be enrolled in the myNEXUS, Inc.
401(k) plan with a contribution of 3% of your per-pay-period
earnings; contributions will be made to the target fund which best
meets your retirement age; you may log into the Ascensus website to
change your contribution or funding option at any time
You are always 100% vested in your contributions and will be fully
vested in any myNEXUS contributions after four years (25% per year)
If you do not wish to participate in the myNEXUS 401(k) plan, you
must “opt out” before the effective date of participation, which is the
irst of the month following 60 days of service
The sooner you start, the longer the period of time your savings have
to grow
20 2017–18 Benefits Enrollment
