Page 22 - 2020 Stein Mart Benefit Guide SM
P. 22
401(k) RETIREMENT SAVINGS PLAN
Employer Matching Contributions
Stein Mart makes a discretionary regular matching contribution to your account as a percentage
of your 401(k) contributions by payroll period. The company matching contribution percentage is
established each fiscal year.
Matching contributions are vested for you according to the plan’s vesting schedule, which is based on
years of service. Stein Mart's plan does not match 401(k) catch-up contributions. Please view the legal
plan documents for additional information.
Enrolling in 401(k)
Associates may enroll in the plan, change contributions, select investments or view plan documents
by contacting Prudential Financial directly:
Online: www.prudential.com/online/retirement
Phone: 877-PRU-2100 (877.778.2100)
Managing Your Account
Creating an account online gives you instant access to:
Change your contribution percent at any time
Select and change your investment options
View account balance
IRS 401(k) Maximums
For 2020, you may contribute up to $19,500 into your 401(k) account.
An additional “catch-up” contribution of $6,500 is allowed for associates age 50 or older.
Assistant Store Managers, Asset Protection and Loss 20
Prevention and Semi-Monthly Associates For 2020 Benefits
Employer Matching Contributions
Stein Mart makes a discretionary regular matching contribution to your account as a percentage
of your 401(k) contributions by payroll period. The company matching contribution percentage is
established each fiscal year.
Matching contributions are vested for you according to the plan’s vesting schedule, which is based on
years of service. Stein Mart's plan does not match 401(k) catch-up contributions. Please view the legal
plan documents for additional information.
Enrolling in 401(k)
Associates may enroll in the plan, change contributions, select investments or view plan documents
by contacting Prudential Financial directly:
Online: www.prudential.com/online/retirement
Phone: 877-PRU-2100 (877.778.2100)
Managing Your Account
Creating an account online gives you instant access to:
Change your contribution percent at any time
Select and change your investment options
View account balance
IRS 401(k) Maximums
For 2020, you may contribute up to $19,500 into your 401(k) account.
An additional “catch-up” contribution of $6,500 is allowed for associates age 50 or older.
Assistant Store Managers, Asset Protection and Loss 20
Prevention and Semi-Monthly Associates For 2020 Benefits
