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2017 Benefits Enrollment
401(k) Plan
The Carlstar Group offers a savings plan which is designed to help you
For additional information on save for retirement. The Carlstar Group 401(k) Plan provides a means for
The Carlstar Group 401(k) Plan
contact Mass Mutual by calling you to build savings for the future by giving you the opportunity to:
800.743.5274 or online at
www.retiresmart.com. Save for retirement
Contribute through payroll deductions
Receive company contributions
Reduce your income taxes
Choose from a range of investment options
Build a tax deferred accumulation of dividends, interest, and other
earnings
Receive beneits when you retire, become disabled, or otherwise
terminate employment
Eligibility
You are automatically enrolled in The Carlstar Group 401(k) Plan on
the irst day during initial eligibility period through automatic payroll
deduction.
Employee Deferrals
Your contribution is initially set at 3%. You may change your deferral
percentage at any time. You may contribute between 1% and 50% of your
eligible pay on a pretax basis, up to the annual IRS dollar limit.
Catch-Up Contributions
If you are age 50 or over 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. Annual election may be required. The maximum contributions are
set annually by the IRS and can be found at www.irs.gov.
44
401(k) Plan
The Carlstar Group offers a savings plan which is designed to help you
For additional information on save for retirement. The Carlstar Group 401(k) Plan provides a means for
The Carlstar Group 401(k) Plan
contact Mass Mutual by calling you to build savings for the future by giving you the opportunity to:
800.743.5274 or online at
www.retiresmart.com. Save for retirement
Contribute through payroll deductions
Receive company contributions
Reduce your income taxes
Choose from a range of investment options
Build a tax deferred accumulation of dividends, interest, and other
earnings
Receive beneits when you retire, become disabled, or otherwise
terminate employment
Eligibility
You are automatically enrolled in The Carlstar Group 401(k) Plan on
the irst day during initial eligibility period through automatic payroll
deduction.
Employee Deferrals
Your contribution is initially set at 3%. You may change your deferral
percentage at any time. You may contribute between 1% and 50% of your
eligible pay on a pretax basis, up to the annual IRS dollar limit.
Catch-Up Contributions
If you are age 50 or over 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. Annual election may be required. The maximum contributions are
set annually by the IRS and can be found at www.irs.gov.
44
