Page 21 - TCM EE Guide 2019 v2 Non CA FINAL

Retirement Savings

Mass Mutual | 401(k)
You are encouraged to participate in Teacher Created Materials’s 401(k) plan. This plan allows you to fund your
retirement with pre-tax dollars. You can defer up to 100% 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.

Eligibility
If you are a full-time employee, you will become eligible to participate in the Plan on the first day of the month
following the completion of 3 consecutive months of full-time employment. If you are a temporary or a seasonal
employee, you will become eligible after credited with at least 1,000 hours during a consecutive 12 month period.

Auto-Enrollment
You will be automatically enrolled into the plan at 5% of your compensation if you do not make an affirmative
election otherwise.

Matching
Teacher Created Materials’ contributions will be based on a discretionary percentage
of your contributions, up to a percentage of your pay. You may also receive profit
sharing contributions which are allocated as a percentage of your pay that exceeds
the taxable wage base. Each year, Teacher Created Materials may make qualified non-
elective contributions. These contributions will grow tax-deferred. You will receive
match contributions and profit sharing if you work over 1,000 hours in a plan year
and are employed on the last day of the plan year. Please refer to your Summary
Plan Description for more details.

401(k) IRS Maximums 2019 2020
Elective Deferral $19,000 Indexed for
Catch-Up Deferral (Age 50+) $6,000 Inflation

Setting Up An Account With Mass Mutual
To set up or access your account online go to www.retiresmart.com or call (800) 743-5274 to speak with a
representative from Mass Mutual.

Investment Elections
You have the ability to research, make investment elections, and changes by either logging in to your Mass
Mutual account or by calling the customer service center at (800) 743-5274

Contributions
All contributions (% or $) must be made through Paycom as they override the choices made in the Mass Mutual
account. Please login to Paycom and make appropriate elections for your 401(k) contributions.

Burnham Gibson Wealth Advisors, Inc.
If you have questions about the investments in the plan, please reach out to :

Greg Hanhauser, CPFA
ghanhauser@burnhamgibson.com
2050 Main Street, Suite 510
Irvine, CA. 92614
Phone (949) 833-5896
Fax (949) 252-1308

It’s never too early or too late to start investing in your future. Even if you’re
in your 40s or 50s, there’s still time to build a significant nest egg for

retirement.

Employee Benefits 21