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Retirement Savings

Fidelity | 401(k)
You are encouraged to participate in ABC Company’s employer-matched 401(k) plan. This plan allows you to fund your retirement with pre-tax
dollars. As of July 1, 2019, you can defer up to 90% of your annual salary to IRS benefit maximums. If you are 50 years old or older during the plan
year, you may contribute a catch-up deferral.

Traditional 401(k) Roth 401(k)

Company Match 50% of the first 6% of eligible pay
Match will occur each pay period
Contributions (In) Pre-tax Post-tax
Distributions (Paid Out) Taxed Free from federal tax if:
(1) Distributions occur five taxable years
after first contribution AND
(2) Participant is 59 1/2 years of age,
deceased, or disabled
Required Minimum Distributions (RMDs) At age 70 Required Required (prior to RMD may be rolled over
1/2 to a Roth IRA which has no RMD
requirement)
IRS Benefit Maximum 2019 IRS Benefit Maximum: 19,000
Catch-Up Contribution for Employees Age 50+: $6,000
2020 IRS Benefit Maximum: Indexed for Inflation
Contribution Options Percentage of Income
Vesting 4 year vesting schedule with 25% grading per year
Eligibility 21 years of age
Plan Entry Date First of the month following date of hire

Additional Items
Investment Menu A fiduciary investment advisor reviews our 401(k) funds quarterly, and the investment
menu may occasionally change.

Rollover Rollover forms and instructions are available to aid employees in rolling over qualifying
funds from previous providers. Both contributions and rollover contributions are
automatically 100% vested.
Loans & Withdrawals The plan offers a loan feature as well as the ability to withdraw money with certain
restrictions.

Accessing the 401(k) plan
Go to www.401k.com or you may call (800) 835-5097.

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