Page 28 - Enrollment Guide
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Eligibility and Participation
401(k) Contacts You are eligible to participate in the plan if you are employed by an
MassMutual Retirement Services EnTrans company which has adopted the plan and are at least 18 years of
800.743.5274
www.retiresmart.com age.
Manage Your 401(k) If you are an eligible employee, you will actually enter the plan on the irst
Account Online day of the month following the date you are employed.
To access your account
information and online tools, go to Automatic Enrollment
www.retiresmart.com and select
“Create Account” to create your User New hires will be enrolled at a 3 percent deferral rate, unless you decline
ID and PIN. You will also use this PIN participation or elect a different deferral rate.
on the voice response phone system.
Automatic Contribution Increase
Unless speciically declined, new hires will have their deferral rate increase
by 1 percent annually, up to a maximum deferral of 6 percent.
Annual Contribution Limits
Maximum Contribution
You can defer up to $18,000 into your 401(k) for the 2016 calendar year.
401(k) Catch-up Contributions
If you are at least 50 years old during any calendar year, you’re eligible to
make additional contributions called catch-up contributions, up to $6,000
per year in addition to your regular contributions. Ask your Human
Resources department or go online to change your deferral to take
advantage of this feature.
Compensation Limit
The amount of employee compensation that can be considered in
calculating contributions is $265,000.
Eligibility and Participation
401(k) Contacts You are eligible to participate in the plan if you are employed by an
MassMutual Retirement Services EnTrans company which has adopted the plan and are at least 18 years of
800.743.5274
www.retiresmart.com age.
Manage Your 401(k) If you are an eligible employee, you will actually enter the plan on the irst
Account Online day of the month following the date you are employed.
To access your account
information and online tools, go to Automatic Enrollment
www.retiresmart.com and select
“Create Account” to create your User New hires will be enrolled at a 3 percent deferral rate, unless you decline
ID and PIN. You will also use this PIN participation or elect a different deferral rate.
on the voice response phone system.
Automatic Contribution Increase
Unless speciically declined, new hires will have their deferral rate increase
by 1 percent annually, up to a maximum deferral of 6 percent.
Annual Contribution Limits
Maximum Contribution
You can defer up to $18,000 into your 401(k) for the 2016 calendar year.
401(k) Catch-up Contributions
If you are at least 50 years old during any calendar year, you’re eligible to
make additional contributions called catch-up contributions, up to $6,000
per year in addition to your regular contributions. Ask your Human
Resources department or go online to change your deferral to take
advantage of this feature.
Compensation Limit
The amount of employee compensation that can be considered in
calculating contributions is $265,000.
