Page 13 - McKenzie 2022 Benefit Guide NC Hourly

` 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 ADP, with multiple investment options and
a company match. Key details and features of our plan are listed below.

Employee contributions Employer contributions

Contributions may be made on a pretax The company will match your For additional details about
basis. contributions up to 4% of your weekly the 401(k) Retirement Savings
earnings.
You can contribute up to the IRS annual Plan or to enroll or change
limit each year, and if you are age 50 or your contribution rates or
older, you may contribute up to an investment elections, login at
additional $6,500 as a “catch-up”
contribution. mykplan.apd.com or call ADP
at 800-929-2170.

More Information
 You can enroll in the plan and make changes to your contributions at
any time
 ADP 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.

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