Page 25 - 2020 DAN Benefits Enrollment
P. 25
401(k) Profit Sharing Plan
Our 401(k) Proit Sharing Plan, helps you build your personal wealth and gives you the
opportunity to invest in your future. You can contribute 1–75% of your eligible pay* on
a pre-tax and/or post-tax basis up to the annual IRS limit. In 2019, the annual limit was
$19,000.
If you have reached age 50 or will reach age 50 during the calendar year, January 1–
December, 31, you may make an additional catch-up contribution. In 2019, the annual
catch-up contribution was $6,000.
You can enroll to participate in the plan as soon as you are eligible. Should you take no
action, you will automatically be enrolled in the plan at a contribution rate of 6% and in the
age appropriate target date fund. This will occur approximately 90 days from your date
of hire. Once you’re enrolled, the plan will provide you with a Company match of 50% of
every dollar you contribute up to the irst 6% of your eligible pay. The Company match will
be vested based on this schedule.
Years of Service Vesting Percentage
1-2 25%
2-3 50%
3-4 75%
4+ 100%
Have Questions?
Visit workplace.schwab.com or contact Schwab Participant Services at (800) 724-7526
*In 2019, the annual IRS compensation limit was $280,000.
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Our 401(k) Proit Sharing Plan, helps you build your personal wealth and gives you the
opportunity to invest in your future. You can contribute 1–75% of your eligible pay* on
a pre-tax and/or post-tax basis up to the annual IRS limit. In 2019, the annual limit was
$19,000.
If you have reached age 50 or will reach age 50 during the calendar year, January 1–
December, 31, you may make an additional catch-up contribution. In 2019, the annual
catch-up contribution was $6,000.
You can enroll to participate in the plan as soon as you are eligible. Should you take no
action, you will automatically be enrolled in the plan at a contribution rate of 6% and in the
age appropriate target date fund. This will occur approximately 90 days from your date
of hire. Once you’re enrolled, the plan will provide you with a Company match of 50% of
every dollar you contribute up to the irst 6% of your eligible pay. The Company match will
be vested based on this schedule.
Years of Service Vesting Percentage
1-2 25%
2-3 50%
3-4 75%
4+ 100%
Have Questions?
Visit workplace.schwab.com or contact Schwab Participant Services at (800) 724-7526
*In 2019, the annual IRS compensation limit was $280,000.
Dentsu Aegis Network 25
