Page 22 - 2018-19 MYNEXUS Benefits Guide
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2018–19 BENEFITS ENROLLMENT
IRS 401(k) RETIREMENT SAVINGS
Maximums PLAN 401(K)
For 2018, you can contribute
up to $18,500 per calendar Your financial security is important to you, your family, and to us as your
year to your 401(k) account. employer. We want you to feel secure and prepared for life after your career. In
If you are age 50 or will turn partnership with Ascensus, our 401(k) plan is designed to help you plan ahead
age 50 by December 31, you and feel prepared. You are eligible for the 401(k) plan on the first of the month
may contribute an additional
“catch-up” contribution of following 60 days of employment.
$6,000. Limits for 2019 are not
yet available. Please check How the Plan Works
irs.gov for the most updated You may contribute toward your retirement on a pre-tax and/or post-tax
contribution limit guidance.
basis
There are a wide range of investment strategies—including bonds, stocks,
and cash equivalents
The plan also offers an invest-for-me approach using target date funds
designed to invest according to the timing of your retirement
The plan offers special tax perks for participating, including reducing
your taxable income while saving for retirement
Unless you “opt out,” you will be enrolled in the myNEXUS, Inc.
401(k) plan with a contribution of 3% of your per-pay-period
earnings; contributions will be made to the target fund which best
meets your retirement age; you may log into the Ascensus website to
change your contribution or funding option at any time
You are always 100% vested in your contributions and will be fully vested
in any myNEXUS contributions after four years (25% per year)
If you do not wish to participate in the myNEXUS 401(k) plan, you must
“opt out” before the effective date of participation, which is the first of the
month following 60 days of service
The sooner you start, the longer the period of time your savings have to
grow
Full coverage details are available in your 401(k) plan documents. In the event there is
a discrepancy between what is reflected in this guide and what is communicated in the
plan documents, the terms of the plan documents will prevail.
22
IRS 401(k) RETIREMENT SAVINGS
Maximums PLAN 401(K)
For 2018, you can contribute
up to $18,500 per calendar Your financial security is important to you, your family, and to us as your
year to your 401(k) account. employer. We want you to feel secure and prepared for life after your career. In
If you are age 50 or will turn partnership with Ascensus, our 401(k) plan is designed to help you plan ahead
age 50 by December 31, you and feel prepared. You are eligible for the 401(k) plan on the first of the month
may contribute an additional
“catch-up” contribution of following 60 days of employment.
$6,000. Limits for 2019 are not
yet available. Please check How the Plan Works
irs.gov for the most updated You may contribute toward your retirement on a pre-tax and/or post-tax
contribution limit guidance.
basis
There are a wide range of investment strategies—including bonds, stocks,
and cash equivalents
The plan also offers an invest-for-me approach using target date funds
designed to invest according to the timing of your retirement
The plan offers special tax perks for participating, including reducing
your taxable income while saving for retirement
Unless you “opt out,” you will be enrolled in the myNEXUS, Inc.
401(k) plan with a contribution of 3% of your per-pay-period
earnings; contributions will be made to the target fund which best
meets your retirement age; you may log into the Ascensus website to
change your contribution or funding option at any time
You are always 100% vested in your contributions and will be fully vested
in any myNEXUS contributions after four years (25% per year)
If you do not wish to participate in the myNEXUS 401(k) plan, you must
“opt out” before the effective date of participation, which is the first of the
month following 60 days of service
The sooner you start, the longer the period of time your savings have to
grow
Full coverage details are available in your 401(k) plan documents. In the event there is
a discrepancy between what is reflected in this guide and what is communicated in the
plan documents, the terms of the plan documents will prevail.
22
