Page 17 - 2016 Enrollment
P. 17
American Food & Vending
401(k) Retirement Planning
401(k) Retirement Planning
We recognize the value and importance of saving for your retirement.
Don’t fool yourself into thinking you can’t save for your future. The
fact is, your workplace savings plan helps make it easy, convenient,
and affordable to accumulate the money you need for retirement. If
you have not already joined the 401(k), now is the time!
When Can I Enroll?
You must be 18 years of age and have satisied 90 days of service.
You can then enroll on the irst of any month.
How Do I Enroll?
There are two ways to enroll:
Call Fidelity directly at 800.835.5097 or
Go online to www.401k.com
How Much Can I Contribute?
You can contribute up to 60 percent of eligible compensation,
inclusive of pretax and/or Roth deferrals. The 2016 IRS limit
is $18,000. If you are age 50 or over by the end of the calendar
year and have reached the annual IRS limit or plan’s maximum
contribution limit for the year, you may make additional salary
deferral, pretax contributions to the plan up to the IRS Catch Up
Provision Limit (2016 = $6,000).
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401(k) Retirement Planning
401(k) Retirement Planning
We recognize the value and importance of saving for your retirement.
Don’t fool yourself into thinking you can’t save for your future. The
fact is, your workplace savings plan helps make it easy, convenient,
and affordable to accumulate the money you need for retirement. If
you have not already joined the 401(k), now is the time!
When Can I Enroll?
You must be 18 years of age and have satisied 90 days of service.
You can then enroll on the irst of any month.
How Do I Enroll?
There are two ways to enroll:
Call Fidelity directly at 800.835.5097 or
Go online to www.401k.com
How Much Can I Contribute?
You can contribute up to 60 percent of eligible compensation,
inclusive of pretax and/or Roth deferrals. The 2016 IRS limit
is $18,000. If you are age 50 or over by the end of the calendar
year and have reached the annual IRS limit or plan’s maximum
contribution limit for the year, you may make additional salary
deferral, pretax contributions to the plan up to the IRS Catch Up
Provision Limit (2016 = $6,000).
17
