Page 20 - Draken Intl. 2022 OE Flipbook

401(k) Retirement Savings Plan

Whether retirement is way down the road or just around the corner, it’s important to have savings goals and specific
investment objectives. To help you meet your goals and objectives, we offer a 401(k) Retirement Savings Plan, administered
by John Hancock Retirement, one of the largest full-service retirement providers in the U.S. Key details and features of our
plan are listed below.

Employee contributions Employer contributions

You can contribute up to $20,500 in 2022, and if you are age Draken matches your retirement contributions dollar-for-dollar
50 or older, you may contribute up to an additional $6,500 as a up to 4% of eligible earnings, subject to applicable plan and
“catch-up” contribution. IRS limits.
Contributions may be made on a pre-tax or Roth after-tax
basis. You can designate a percentage or dollar amount for
your contributions.

Eligibility
Regular employees age 21 and over are eligible to participate in this plan on the 1st of the month after 60 days of employment.

401(k) Enrollment
• Create an account with John Hancock.
• Enroll through Paycom.com.
• Go to the Benefits tile in Paycom ESS for instructions.

Vesting
Vesting refers to your ownership of the money in your 401(k) contributions. You are always 100% vested in your own
contributions to the plan, as well as any safe harbor contributions. Other types of contributions may be vested over time -
see your 401(k) plan Summary Plan Description for details.

For More Information
• You can enroll in the plan and make changes to your contributions at any time.
• John Hancock Retirement has many different investment options for you to choose from,
along with tools and resources you can use to determine which options best meet your
investment objectives.

For additional details about the 401(k) Retirement Savings Plan or to enroll or change your
contribution rates or investment elections, visit myplan.johnhancock.com or call 800-225-5291.

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