Page 18 - Immucor Benefit Guide
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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 Principal Retirement Services, with multiple investment options and a company
match. Key details and features of our plan are listed below.
Employee contributions
We have partnered with Principal Retirement Services, our plan provider, to provide you with tools to assist you in developing
your retirement plan. Immucor has elected to make matching contributionsof 100% of the first 3% of compensation contribution
to the plan and 50% of the next 2% of contribution contributed. The maximum deferral in 2022 is $20,500. Employees who are age
50 or older have the opportunity to elect a Catch-Up contribution up to $6,500. The Immucor plan also includes the Roth 401k
optionallowingparticipants the choice to make after-tax contributions today in return for tax-free status at retirement.
More Information
You can enroll in the plan and make changes to your
contributions at anytime
Principal Retirement Services has many different
investment options for you to choose from, along
with tools and resources you can use to determine
whichoptions bestmeet 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 www.principal.com
or call 800-547-7754. Group # 7-10110.
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