Page 18 - Immucor Benefit Guide
P. 18

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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