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NEW DECADE, NEW

OPPORTUNITIES TO

SAVE FOR YOUR

FUTURE!

The year 2020 is the beginning of Each year in March, your pre-tax
our journey into this brand new contribution rate will increase by
decade. With this new beginning 1% until your combined pre-tax
comes many new opportunities to and Roth contribution equals 12%.
take a fresh look at our retirement You can always make your savings
planning and to realign our retire- rate higher or lower. Just be aware
ment goals with the way we are that if you make an election, future
saving. Kloeckner wants you to automatic contribution increases
know, we are here to help! Again will not occur.
this year, we are partnering with
Milliman and SmartDollar to assist If you do not wish for to in-
you in finding better ways to contin- crease your contribution, you
ue saving for your retirement. can opt out or make an alter- visit: https://www.smartdollar.com/enroll/
native election by contacting
The following are a few of the paths Milliman. To do so, log on to kloeckner3318 or text kmetals to 337989.
we’re working on with our partners MillimanBenefits.com (go to Periodically, contest are held where em-
ployees have the chance to win really cool
to help you up the gears on your Account Details > Account Activity prizes such as the ones shown below,
savings in 2020: > Contributions) or contact the which were given away last October. So
Milliman Benefits Service Center
> Last year we implemented the au- at 1-866-767-1212. If you miss the don’t miss your opportunity to claim a
really nice prize by registering today and
to-increase feature for your 401(k) cutoff, you can make changes to
contributions. We will continue this your contribution rate at any time entering future contest. Sign up today!
new tradition in 2020. Your pre-tax on MillimanBenefits.com.
contribution rate to the Kloeckner
Metals 401(k) Plan is increased > Next, Milliman has produced an
by 1% on the week of March 1, informational video (https://www.
2020. This happens automatically, screencast.com/t/3WBgC3Ci) on
so it makes it easier for you to save ways you can better focus on your
for retirement. finances to help your reach your
o If your date of hire is prior to retirement savings goals. Take a
7/1/18, your pre-tax contribution peek and let me know what you If you need more information or would like to
rate was increased by 1% last think! discuss your retirement plan, the Benefits Team
year and will increase by another > And lastly, we continue to part- is always here to help. Contact us at:
benefits@kloecknermetals.com.
1% this year unless you are al- ner with SmartDollar as our tech-
ready contributing 12% or more. nology based financial wellness Benefits Manager
o If you were hired after 7/1/18, tool to also assist you in reaching Mona L. High
this will be the first time your your financial goals outside of just MHigh@KloecknerMetals.com
pre-tax contribution rate will be planning for retirement. To reg-
increased automatically. ister for your free online account,
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