Page 13 - Fitness Together Benefit Guide 2020

FINANCIAL WELLNESS

401(K)

Sun Trust | 401(k)
All employees are encouraged to participate in WellBiz Brands’ 401(k) plan. This plan allows you to fund for your retirement with
pre‐tax dollars. You may defer up to 100% of your pay, subject to a $19,500 annual IRS deferral limit in 2020. Eligible participants
who are age 50 or older during the calendar year may make a special “catch-up” contribution to the IRS limit of $6,500 in 2020.

To participate in the 401(k) Plan, you must have attained age 18, and completed one month of service. Once you have met these
requirements, you are then eligible to participate in the plan on the first day of the month following completion of these
requirements. You are 100% vested immediately in all contributions. The company matches 100% on the first 3% of your
contribution with a 50% match on the next 2% you contribute. If you decline coverage initially, you may enroll at a later date.

Accessing the 401(k) plan
Go to www.suntrust.com/retirementsolutions or call (888) 816-4015.

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