Page 14 - 2017-18 Centennial Benefits Guide Staff
P. 14
Provider Search and 401(k)/Thrift Plans
Provider Search 401(k)/Thrift Plans
You can search for participating The 401(k)/Thrift plan is managed by Fidelity Investments and includes
providers on the Internet by several different funds in which to invest. The contributions to the
performing the following steps: 401(k) plan are deducted pre-tax from your paycheck. The thrift plan
contributions are deducted on an after-tax basis. Employees are eligible to
Medical/Dental/Vision— participate in the 401(k)/Thrift plans as of the irst day of employment.
Aetna The Company match on employee contributions also begins the irst day
Use the online Directory at of employment.
www.aetna.com/docind to
search The Company matches 50% of the irst 6% of each employee’s
contribution each payroll period. Employees are immediately 100% vested
in their own contributions. Employees are 33.33% vested in company
contributions at the anniversary of each year of service to the company,
thereby 100% vested after three years of service.
Auto-Enroll
Upon eligibility, Fidelity will schedule you to be automatically enrolled at
a 6% employee contribution level. By contributing 6% you will maximize
the employer match. You may opt out at any time or change your
contribution level at any time.
Tax Savings
Participating in your company’s 401(k) program is one of the best ways
to save money on taxes, but it is important to understand which taxes
are, and are not, impacted by your contributions. When you dedicate part
of your paycheck to the 401(k) plan, that money is deducted from your
federal taxable income. That contribution has no impact, however, on the
wages you are taxed on for FICA purposes.
14 2017–18 Benefits Enrollment
Provider Search 401(k)/Thrift Plans
You can search for participating The 401(k)/Thrift plan is managed by Fidelity Investments and includes
providers on the Internet by several different funds in which to invest. The contributions to the
performing the following steps: 401(k) plan are deducted pre-tax from your paycheck. The thrift plan
contributions are deducted on an after-tax basis. Employees are eligible to
Medical/Dental/Vision— participate in the 401(k)/Thrift plans as of the irst day of employment.
Aetna The Company match on employee contributions also begins the irst day
Use the online Directory at of employment.
www.aetna.com/docind to
search The Company matches 50% of the irst 6% of each employee’s
contribution each payroll period. Employees are immediately 100% vested
in their own contributions. Employees are 33.33% vested in company
contributions at the anniversary of each year of service to the company,
thereby 100% vested after three years of service.
Auto-Enroll
Upon eligibility, Fidelity will schedule you to be automatically enrolled at
a 6% employee contribution level. By contributing 6% you will maximize
the employer match. You may opt out at any time or change your
contribution level at any time.
Tax Savings
Participating in your company’s 401(k) program is one of the best ways
to save money on taxes, but it is important to understand which taxes
are, and are not, impacted by your contributions. When you dedicate part
of your paycheck to the 401(k) plan, that money is deducted from your
federal taxable income. That contribution has no impact, however, on the
wages you are taxed on for FICA purposes.
14 2017–18 Benefits Enrollment
