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NEW DECADE, NEW

OPPORTUNITIES TO

SAVE FOR YOUR

FUTURE!

The year 2020 is the beginning contribution rate will increase by
of our journey into this brand new 1% until your combined pre-tax
decade. With this new beginning and Roth contribution equals 12%.
comes many new opportunities to You can always make your savings
take a fresh look at our retirement rate higher or lower. Just be aware
planning and to realign our retire- that if you make an election, future
ment goals with the way we are automatic contribution increases
saving. Kloeckner wants you to will not occur.
know, we are here to help! Again
this year, we are partnering with If you don’t want your contri-
Milliman and SmartDollar to assist bution to increase, you need to
you in finding better ways to contin- opt out or make an alternative kloeckner3318 or text kmetals to 337989.
ue saving for your retirement. election by February 26, 2020 at Periodically, contest are held where em-
4:00 Eastern time. To do so, log
The following are a few of the paths on to MillimanBenefits.com (go to ployees have the chance to win really cool
prizes such as the ones shown below,
we’re working on with our partners Account Details > Account Activity which were given away last October. So
to help you up the gears on your > Contributions) or contact the don’t miss your opportunity to claim a
savings in 2020: Milliman Benefits Service Center really nice prize by registering today and
at 1-866-767-1212. If you miss the entering future contest. Sign up today!
> Last year we implemented the au- cutoff, you can make changes to
to-increase feature for your 401(k) your contribution rate at any time
contributions. We will continue this on MillimanBenefits.com.
new tradition in 2020. Your pre-tax
contribution rate to the Kloeckner > Next, Milliman has produced an
Metals 401(k) Plan will be increased informational video (https://www.
by 1% on March 1, 2020. This hap- screencast.com/t/3WBgC3Ci) on
pens automatically, so it makes it ways you can better focus on your
easier for you to save 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
discuss your retirement plan, the Benefits Team
rate was increased by 1% last think! is always here to help. Contact us at:
year and will increase by another > And lastly, we continue to part- 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 register
increased automatically. for your free online account, visit:
Each year in March, your pre-tax https://www.smartdollar.com/enroll/