Page 13 - Commissioners Office

Third: Retirement

401(k) Savings Plan

If you were hired on or after January 1, 2016, Baseball will make annual contributions to the 401(k) Plan on your
behalf for each year that you work through December 31st after you have reached your Plan Entry Date. The
percentage of your base pay that will be contributed will be based on your length of service with the company. You
become 20% in the employer contributions per year with full vesting after five years of vesting service.

You may also join the Major League Baseball 401(k) Plan and save pre-tax or post-tax dollars through automatic
payroll deductions. Your 401(k) account grows with the combination of tax-sheltered contributions and tax-deferred
interest. Here are some of the plan features:

• You may contribute from 1% to 100% of your annual salary, up to the annual IRS maximums for the year.
• If you are age 50 or older, you may also elect to make additional “catch-up” contributions to your account.
• You invest your savings among a number of mutual funds administered by Fidelity Investments, including the
JP Morgan SmartRetirement Funds. You also have access to hundreds of other investment options through
Fidelity’ Investments BrokerageLink.
• Low interest loans are available; you pay the interest back to your account. (You may take only one loan at a
time.)
• You are always 100% vested in any money that you contribute to the 401(k) Plan.

Click here to go to the Fidelity homepage

Pension Plan (for employees hired on or before December 31, 2015)

During your career at Baseball, you may earn a benefit under a defined benefit pension plan, which is fully funded by
Baseball. Your benefit will depend on your years of credited service under the plan and your final average earnings.
You are eligible to participate after you complete one year of service. You become vested in your benefit 20% per
year with full vesting after five years of vesting service.

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