Page 17 - KNCH Benefits Guide 2019 - Final

RETIREMENT PLAN

MASS MUTUAL RETIREMENT SERVICES | 401(K)
Available in all states
All employees are encouraged to participate in the firm’s 401(k) Retirement Savings plan. This plan allows you to fund for your
retirement with pre-tax dollars. With this plan, your contributions are withheld from your pay on a pre-tax basis and are not
immediately subject to federal income tax. Instead, they are contributed to your 401(k) plan and can grow over time. Your account will
be subject to federal income tax only when withdrawn.

You may contribute into your 401(k) up to IRS Maximums:

401(k) IRS Maximums 2019 2020
Employee Deferral $19,000
Indexed for Inflation
Catch-up Deferral for Employees Over the Age of 50 $6,000

Koeller, Nebeker, Carlson & Haluck will automatically enroll you in the 401(k) plan with a contribution of 6% on the day you are
eligible for this benefit. If you would like to change the amount you are contributing, or if you would like to cancel auto-
enrollment in this plan, you must submit a completed Participant Enrollment & Election Form to Joanne Mcclanahan.

If you have any questions about how the 401(k) plan works, your rights and obligations under the plan, or if you would like a
copy of the 401(k) SPD or other plan documents, please contact Joanne Mcclanahan.

ACCESSING YOUR 401(K):
Go to www.retiresmart.com or call (800) 743-5274.

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