Page 17 - Touching All the Bases- Power point 2023 Umpires_Neat

401(k) Savings Plan – Fidelity

You may join the Major League Baseball 401(k) Plan and save pre-tax or post-tax dollars through automatic payroll
deductions. Your 401(k) account grows with the combination of tax-sheltered contributions and tax-deferred earnings.
Here are some of the plan features:

• You may contribute from 1% to 50% of your annual salary, up to the annual IRS maximums for the year.
• If you are age 50 or older, you may also elect to make additional “catch-up” contributions to your account.
• You invest your savings among a number of mutual funds administered by Fidelity Investments, including the
JP Morgan SmartRetirement Funds. You also have access to hundreds of other investment options through
Fidelity’ Investments BrokerageLink.
• Low interest loans are available; you pay the interest back to your account. (You may take only one loan at a
time.)
• You are always 100% vested in any money that you contribute to the 401(k) Plan.

Umpire Defined Contribution Plan

If you became a Major League Baseball Umpire on or after January 1, 2015, Baseball will make annual contributions to
the defined contribution plan on your behalf in accordance with the terms of the Collective Bargaining Agreement in
effect at that time. Your defined contribution account grows with the combination of tax-sheltered contributions and tax-
deferred earnings. Here are some of the plan features:

• You can invest your money among a number of mutual funds administered by Fidelity Investments, including the
JP Morgan SmartRetirement Funds. You also have access to hundreds of other investment options through
Fidelity’ Investments BrokerageLink.
• You are always 100% vested in your defined contribution plan account balance.

Click here to go to the Fidelity homepage

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