Page 25 - DAN Benefit Guide
P. 25
401(k) Profit Sharing Plan
Our 401(k) Proit Sharing Plan, helps you build your personal wealth and gives you the
opportunity to invest in your future. You can contribute 1–75% of your eligible pay* on
a pre-tax and/or post-tax basis up to the annual IRS limit. In 2019, the annual limit was
$19,000.
If you have reached age 50 or will reach age 50 during the calendar year, January 1–
December, 31, you may make an additional catch-up contribution. In 2019, the annual
catch-up contribution was $6,000.
You can enroll to participate in the plan as soon as you are eligible. Should you take no
action, you will automatically be enrolled in the plan at a contribution rate of 6% and in the
age appropriate target date fund. This will occur approximately 90 days from your date of
hire. Once you’re enrolled, the company may make a matching contribution of 50% up to
6% of your contributions. As of April 2020, the discretionary matching contribution is
temporarily suspended. The Company hopes to reinstate the discretionary company
matching contribution when conditions allow.
Years of Service Vesting Percentage
1-2 25%
2-3 50%
3-4 75%
4+ 100%
Have Questions?
Visit workplace.schwab.com or contact Schwab Participant Services at (800) 724-7526
*In 2019, the annual IRS compensation limit was $280,000.
Dentsu Aegis Network 25
Our 401(k) Proit Sharing Plan, helps you build your personal wealth and gives you the
opportunity to invest in your future. You can contribute 1–75% of your eligible pay* on
a pre-tax and/or post-tax basis up to the annual IRS limit. In 2019, the annual limit was
$19,000.
If you have reached age 50 or will reach age 50 during the calendar year, January 1–
December, 31, you may make an additional catch-up contribution. In 2019, the annual
catch-up contribution was $6,000.
You can enroll to participate in the plan as soon as you are eligible. Should you take no
action, you will automatically be enrolled in the plan at a contribution rate of 6% and in the
age appropriate target date fund. This will occur approximately 90 days from your date of
hire. Once you’re enrolled, the company may make a matching contribution of 50% up to
6% of your contributions. As of April 2020, the discretionary matching contribution is
temporarily suspended. The Company hopes to reinstate the discretionary company
matching contribution when conditions allow.
Years of Service Vesting Percentage
1-2 25%
2-3 50%
3-4 75%
4+ 100%
Have Questions?
Visit workplace.schwab.com or contact Schwab Participant Services at (800) 724-7526
*In 2019, the annual IRS compensation limit was $280,000.
Dentsu Aegis Network 25
