Page 26 - 2015 CBRY Enrollment Guide
P. 26
2015 Beneit Guide
401(k) Savings 401(k) Savings Plan
Plan Participating in the CBRY 401(k) Savings Plan may be the most
important piece of your retirement puzzle. That is because the other
basic pieces of the puzzle are Railroad Retirement and personal
With convenient CBRY savings, and these pieces may only provide a limited portion of your
payroll deductions, saving
for your retirement could income when you retire. Eligible employees may set aside up to 15% of
not be easier. annual salary (pre- and post-tax) up to IRS maximum limits for 2015
Under you CBRY 401(k) which is ($17,500 in 2014) and the maximum catch-up contribution allowed for
administered through Great West 2015 ($5,500 in 2014) for employees over age 50. Employees are 100%
Retirement Services, you can diversify vested at participation.
your investments through a variety of
options. To learn more about your plan, CBRY will match your deferral up to 6%. You must be employed the
investment opportunities and account
status: last day of the calendar year to receive the employer match for the year.
Employees can enroll in the plan at the beginning of each quarter;
Visit www.gwrs.com and set up January 1st, April 1st, July 1st, or October 1st. Eligible employees must
your account for easy online access
be at least 21 years of age to participate in the CBRY 401(k).
Call (800) 338-4015
Update Your 401(k) Beneficiary Information!
Annual Enrollment is always a good time to consider updating your
beneiciary information on both your life insurance and your 401(k).
Even if you have updated your life insurance beneiciary information
in ESS, you must update this information for your 401(k). To change
your beneiciary for your 401(k) simply contact Great West at
(800) 338-4015 or log into www.gwrs.com.
26
401(k) Savings 401(k) Savings Plan
Plan Participating in the CBRY 401(k) Savings Plan may be the most
important piece of your retirement puzzle. That is because the other
basic pieces of the puzzle are Railroad Retirement and personal
With convenient CBRY savings, and these pieces may only provide a limited portion of your
payroll deductions, saving
for your retirement could income when you retire. Eligible employees may set aside up to 15% of
not be easier. annual salary (pre- and post-tax) up to IRS maximum limits for 2015
Under you CBRY 401(k) which is ($17,500 in 2014) and the maximum catch-up contribution allowed for
administered through Great West 2015 ($5,500 in 2014) for employees over age 50. Employees are 100%
Retirement Services, you can diversify vested at participation.
your investments through a variety of
options. To learn more about your plan, CBRY will match your deferral up to 6%. You must be employed the
investment opportunities and account
status: last day of the calendar year to receive the employer match for the year.
Employees can enroll in the plan at the beginning of each quarter;
Visit www.gwrs.com and set up January 1st, April 1st, July 1st, or October 1st. Eligible employees must
your account for easy online access
be at least 21 years of age to participate in the CBRY 401(k).
Call (800) 338-4015
Update Your 401(k) Beneficiary Information!
Annual Enrollment is always a good time to consider updating your
beneiciary information on both your life insurance and your 401(k).
Even if you have updated your life insurance beneiciary information
in ESS, you must update this information for your 401(k). To change
your beneiciary for your 401(k) simply contact Great West at
(800) 338-4015 or log into www.gwrs.com.
26
