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MY FUTXUXRXE
Applied Industrial Technologies Retirement
Savings Plan (RSP) 401(k)
Here are the highlights of the Retirement Savings Plan 401(k): • Two contribution options.
– Traditional 401(k) – Contribution is made on a pre-tax basis
– Roth – Contribution is made on a post-tax basis
• My Virtual Coach: All associates are encouraged to sign up for online access to Principal at www.principal.com. If you’ve not done so already, all you will need is your social security number and your birthdate. Principal offers great online tools with their My Virtual Coach demonstrations. These interactive demos are a great way to see if you’re saving enough for retirement as well as to plan for other goals you may have.
• Retirement Wellness: While online at Principal, you are also encouraged to utilize the Retirement Wellness tool. You can review your current 401(k) allocations as well as enter other accounts you may hold outside of Principal to see whether or not you are currently on track
to have enough in retirement. If not, you can adjust quickly and efficiently within the tool. By using this tool – your Retirement Wellness Score will Go to Green!
WHO TO CALL
Principal
https://www.principal.com
800-547-7754
Retirement Wellness Score
79
Vesting: You are always 100% vested in the contributions you put into the plan. The vesting plan for your Company match is as follows:
Years
Vested Percentage of Match
Less than one year
0%
One but less than two years
25%
Two but less than three years
50%
Three but less than four years
75%
Four or more years
100%
Investment Options
and Guidance
Personal investment
advisors are available at UBS Financial Services to help you understand and choose among your options.
Call 440-414-2745
Company Match: Applied® will provide matching contributions at 50% on the first 6% of your contribution. For example,
Associate Contribution
Company Match (50% of up to a 6% Associate contribution)
8%
3%
6%
3%
4%
2%
0%
0%
2019 Retirement Savings Plan Contribution Limit*
* as of the time of the publication
401(k) and Roth Combined Contribution Limit
$ 18,500.00
Catch-up Contribution Limit (Age 50 and above)
$ 6,000.00
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Applied Choices – 2019 23