Page 20 - Work Life and Benefits Booklet 2018 - SS
P. 20

All employees are encouraged to participate in the ShipStation 401(k)    Stamps.com has established an Employee Stock Purchase Plan (ESPP).
       plan, arranged through Vanguard and record-kept by Ascensus. This
       plan allows you to fund for your retirement with pre-tax dollars.        Enrollment
                                                                                There are two times during the year that you may participate in the ESPP -
       Eligibility                                                              February 1st and August 1st (or the first trading day of these months).
       You are eligible for the company's 401(k) plan on the first day of the
       month following the completion of 1 month of employment.                 Investment
                                                                                Each participation period will last six months in which you may set aside 1% to
       Auto-Enrollment                                                          15% of your income. At the end of the six month interval, ShipStation will
       Upon eligibility, you will be automatically enrolled at 5% salary        purchase stock at a 15% discount based on either the price of the stock on the
       contribution in the default plan (Vanguard Target Retirement Fund)       first day of entering the plan or the price on the last day of the plan,
       unless you elect otherwise. This plan consists of 12 funds with          whichever price is lower.
       varying target dates and investment objectives.

       Matching
       ShipStation will match up to a
       discretionary amount. Please see
       payroll for more details.






       401(K) IRS MAXIMUMS                    2018           2019
                                                                                                                           LEARN MORE ONLINE
       Elective Deferral                     $18,500
                                                           Indexed for                                                      For more information, visit
       Catch-Up for Employees Age 50+        $6,000         Inflation                                                         https://eac.schwab.com
                                                                                                                    (Employee ID = SSN | NYSE: STMP).

        To make changes to your contributions, fund allocation or stop
        enrollment, please contact Ascensus at (866) 794-2145 or visit their
        website at https://my.vanguardplan.com. Once their database has
        been updated, you will be able to activate your account online by
        following the instructions in the enrollment booklet provided by the
        Human Resources Department.
   15   16   17   18   19   20   21   22   23   24