Page 27 - Enrollment Guide
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401(k)
Did You Know?
The EnTrans 401(k) Plan gives you the opportunity to save for retirement The 401(k) Plan is one of the most
on a tax-deferred basis. competitive, lexible, convenient, and
accessible ways to help you build your
inancial future!
Matching Employer Contributions Important Tip
An important beneit of the 401(k) Plan is that EnTrans matches Please note that the Beneiciary
all or part of your contribution, depending on the amount you Designation Form for your 401(k)
contribute. EnTrans matches 100 percent of the irst 6 percent of account is separate from that for your
your contribution. All employer contributions made in 2016 will be health and welfare beneits.
immediately vested.
Salary deferrals which exceed 6 percent of your compensation will not be
considered for the company match.
EnTrans will make the matching employer contributions to your account
based on your pre-tax or Roth after-tax contributions. To be eligible for
matching contributions, you must make employee deferral contributions.
Matching contributions are calculated each payroll period based on your
employee pre-tax or Roth after-tax contributions to the plan for that
payroll period. Because the timing of your contributions will affect the
rate of matching contributions, you may want to consider spreading
your contributions throughout the year by dividing the amount of your
desired contribution by your eligible pay and rounding to the nearer whole
percentage. Otherwise, you may reach the applicable dollar limit on your
contributions before receiving the full matching contribution.
Benefit Guide 2016
401(k)
Did You Know?
The EnTrans 401(k) Plan gives you the opportunity to save for retirement The 401(k) Plan is one of the most
on a tax-deferred basis. competitive, lexible, convenient, and
accessible ways to help you build your
inancial future!
Matching Employer Contributions Important Tip
An important beneit of the 401(k) Plan is that EnTrans matches Please note that the Beneiciary
all or part of your contribution, depending on the amount you Designation Form for your 401(k)
contribute. EnTrans matches 100 percent of the irst 6 percent of account is separate from that for your
your contribution. All employer contributions made in 2016 will be health and welfare beneits.
immediately vested.
Salary deferrals which exceed 6 percent of your compensation will not be
considered for the company match.
EnTrans will make the matching employer contributions to your account
based on your pre-tax or Roth after-tax contributions. To be eligible for
matching contributions, you must make employee deferral contributions.
Matching contributions are calculated each payroll period based on your
employee pre-tax or Roth after-tax contributions to the plan for that
payroll period. Because the timing of your contributions will affect the
rate of matching contributions, you may want to consider spreading
your contributions throughout the year by dividing the amount of your
desired contribution by your eligible pay and rounding to the nearer whole
percentage. Otherwise, you may reach the applicable dollar limit on your
contributions before receiving the full matching contribution.
Benefit Guide 2016
