Page 12 - 2017 MegaPath Benefits Guide_FINAL

BENEFITS

Retirement Savings

Wells Fargo | 401(k)
One of the best ways to accumulate the money you will need for re rement is to par cipate in the MegaPath 401(k) Plan. This plan
allows you to fund for your re rement with pre‐tax dollars. In the 2017 plan year, you may contribute a maximum of $18,000. If
you will be age 50 or older during the year, you may make a $6,000 catch‐up contribu on, for a total contribu on of up to $24,000.

As a new hire of MegaPath you will receive plan informa on from Wells Fargo shortly a er your hire date. MegaPath will
automa cally enroll you at 3% on your 90th day of employment, if you do not make any changes. Your 401(k) contribu ons will be
deducted from your paychecks on a pre‐tax basis and the money in your account will grow, tax‐ deferred, un l you begin using it
for re rement.

MegaPath also offers an employer match of $0.20 on every $1.00 contributed up to 6%. You are 100% vested a er comple ng 4
years of service.

Accessing Your 401(K)
To obtain more informa on on the MegaPath 401k plan or to make changes to your 401k account,
contact Wells Fargo at (800) 728‐3123 or go to www.wellsfargo.com/re rementplan.

Notes

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