Page 19 - NH Non NC Guide
P. 19
401(k)
401(k) Savings Plan
Mitchell Gold + Bob Williams offers a 401(k) retirement plan which is administered
by Wells Fargo. The 401(k) savings plan allows you to contribute towards your own
inancial security on a tax-favored basis. Saving now will help ensure that you have
enough money to live comfortably in retirement. Mitchell Gold + Bob Williams have
implemented a new enrollment process for all employees hired on or after January 1,
2016. You will be automatically enrolled in the 401(k) plan at a contribution level
equal to three percent of your earnings. The company will match 50 cents of
ever dollar you contribute up to four percent of your earnings. To make sure you
maximize your savings, we will automatically increase your contribution level 0.5
percent annually until you reach the four percent contribution level. You will become
fully vested in the company contributions over a four year period.
If you want to opt out of this enrollment or change your contribution level, you may
sign on to www.wellsfargo.com or call 800.728.3123.
Please note that the maximum annual contribution established by the IRS for 2016
is $18,500. If you are or will be turning 50 years old during 2016, you are eligible to
make catch-up contributions over and above the normal maximum amount. The
catch-up limit for 2016 is $6,500.
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401(k) Savings Plan
Mitchell Gold + Bob Williams offers a 401(k) retirement plan which is administered
by Wells Fargo. The 401(k) savings plan allows you to contribute towards your own
inancial security on a tax-favored basis. Saving now will help ensure that you have
enough money to live comfortably in retirement. Mitchell Gold + Bob Williams have
implemented a new enrollment process for all employees hired on or after January 1,
2016. You will be automatically enrolled in the 401(k) plan at a contribution level
equal to three percent of your earnings. The company will match 50 cents of
ever dollar you contribute up to four percent of your earnings. To make sure you
maximize your savings, we will automatically increase your contribution level 0.5
percent annually until you reach the four percent contribution level. You will become
fully vested in the company contributions over a four year period.
If you want to opt out of this enrollment or change your contribution level, you may
sign on to www.wellsfargo.com or call 800.728.3123.
Please note that the maximum annual contribution established by the IRS for 2016
is $18,500. If you are or will be turning 50 years old during 2016, you are eligible to
make catch-up contributions over and above the normal maximum amount. The
catch-up limit for 2016 is $6,500.
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