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Fidelity Investments | 401(k)
You are encouraged to participate in FSSI’s 401(k) plan to fund your retirement. This plan allows you to defer your
pre-tax dollars in the Traditional 401(k) plan, and/or your post-tax dollars in the Roth 401(k) plan, up to the IRS
benefit maximums shown below. If you are 50 years old or older during the plan year, you may contribute a catch-
up deferral. You may increase, decrease, or stop your contributions at any payroll period. You may also make a
special deferral election for any bonus.

Auto-Enrollment
You are eligible to participate in the 401(k) plan on the first quarter following 60 days of
continuous service. As an FSSI employee, you will be automatically enrolled in the 401(k)
plan at 5% of your salary on the first day of the month immediately following the
completion of your eligibility requirements.

401(k) IRS Maximums 2019 2020

Elective Deferral $19,000 Indexed for
Catch-Up Deferral (Age 50+) $6,000 Inflation

FSSI Contributions Vesting
FSSI may make discretionary matching contributions on your deferrals. Employee contributions and
rollover contributions (plus
Other Plan Features: earnings thereon) are always
• Withdrawals: You may withdrawal funds in the event of termination of 100% vested.

employment, retirement, death, permanent disability, attainment of age The table below references the
59-1/2, or “hardship” if certain criteria have been satisfied. Withdrawals vesting schedule for employer
that are not rolled over into an IRA or another plan may have tax contributions.
consequences.
• Rollovers: Rollovers from other qualified plans or taxable IRA accounts
VESTING
are allowed once you have met the eligibility requirements. YEARS PERCENTAGE
• Loans: You may borrow up to 50% of your vested account balance
(minimum of $1,000), and may only have one outstanding loan at a time. 1 Year 20%
Repayment is made through payroll deductions at a fixed interest rate of 2 Years 40%
the prime rate plus one percent as determined at the time of the loan.
The maximum term of the loan is five years unless for the purchase of a 3 Years 60%
principal residence. There is a one-time loan set-up fee of $75 for 4 Years 80%
processing a loan application and a loan maintenance fee of $6.25
quarterly. 5 Years 100%
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.

Choosing a Beneficiary
Choosing a beneficiary and keeping your
beneficiary up-to-date is an essential part
of having a 401(k). Please remember to Managing Your 401(k)
review your beneficiary designation as new Go to www.netbenefits.com (Plan # 32123) or
situations arise, such as the birth or call (800) 835-5097.
adoption of a child, marriage, or divorce.
You may login to www.netbenefits.com
(change your beneficiary as needed.