Page 35 - 2019 CommScope AE
P. 35
Some Benefits Never Go Out of
Style
Retirement Savings Plan
The earlier you start saving, the longer your money has You are immediately vested in all contributions
to grow to help you prepare for a comfortable inancial and earnings, which mean you own all the money in
future. your 401(k) account.
Eligible employees can participate on the irst day they Eligible employees choose from a group of investment
are employed with the company. options to invest their contributions and the company
Eligible employees can join the plan on their hire date, contribution.
but their enrollment may not be effective for up to 30 Active employees may access their account by
days. applying for a loan, or qualifying for speciic in-service
Eligible employees automatically begin receiving a hardship withdrawal reason.
company contribution to the plan in an amount equal Now is a good time to review your 401(k) Plan
to 2% of your salary regardless of their contributions investment line-up and decide if you need to rebalance
to the plan. You will be automatically enrolled in the your 401(k) Plan account. Also be sure your 401(k) Plan
plan at a 4% pre-tax rate. If you want to enroll at a beneiciary is up to date!
different rate, you can contribute from 1% up to 100%
of your pay on a pre-tax or Roth 401(k) after-tax basis, Retirement Savings Plan Actions
or a combination of both. You will need to visit the U.S. Go to the U.S. employee beneits website or call
employee beneits website and go to the Vanguard 800.523.1188 to:
homepage to make a different deferral election. If Change or stop your payroll deductions
you do not want to be enrolled, you must contact
Vanguard by the date indicated on your enrollment Change how your contributions are invested
notiication letter. In addition, for every $1 you Move money between funds
contribute (up to 4% of your pay), CommScope will Request a loan and withdrawals
contribute $1 to your account.
Update your beneiciary
Download the free Vanguard mobile app from
your smartphone’s app store when you search for
“Vanguard.”
Check your retirement account balance
Rebalance your 401(k) account
Analyze your retirement portfolio
35
Style
Retirement Savings Plan
The earlier you start saving, the longer your money has You are immediately vested in all contributions
to grow to help you prepare for a comfortable inancial and earnings, which mean you own all the money in
future. your 401(k) account.
Eligible employees can participate on the irst day they Eligible employees choose from a group of investment
are employed with the company. options to invest their contributions and the company
Eligible employees can join the plan on their hire date, contribution.
but their enrollment may not be effective for up to 30 Active employees may access their account by
days. applying for a loan, or qualifying for speciic in-service
Eligible employees automatically begin receiving a hardship withdrawal reason.
company contribution to the plan in an amount equal Now is a good time to review your 401(k) Plan
to 2% of your salary regardless of their contributions investment line-up and decide if you need to rebalance
to the plan. You will be automatically enrolled in the your 401(k) Plan account. Also be sure your 401(k) Plan
plan at a 4% pre-tax rate. If you want to enroll at a beneiciary is up to date!
different rate, you can contribute from 1% up to 100%
of your pay on a pre-tax or Roth 401(k) after-tax basis, Retirement Savings Plan Actions
or a combination of both. You will need to visit the U.S. Go to the U.S. employee beneits website or call
employee beneits website and go to the Vanguard 800.523.1188 to:
homepage to make a different deferral election. If Change or stop your payroll deductions
you do not want to be enrolled, you must contact
Vanguard by the date indicated on your enrollment Change how your contributions are invested
notiication letter. In addition, for every $1 you Move money between funds
contribute (up to 4% of your pay), CommScope will Request a loan and withdrawals
contribute $1 to your account.
Update your beneiciary
Download the free Vanguard mobile app from
your smartphone’s app store when you search for
“Vanguard.”
Check your retirement account balance
Rebalance your 401(k) account
Analyze your retirement portfolio
35
