Page 23 - Work Life and Benefits Booklet 2020 SW

All employees are encouraged to participate in the ShipWorks 401(k) plan, Stamps.com has established an Employee Stock Purchase Plan (ESPP).
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, Stamps.com will
Upon eligibility, you will be automatically enrolled at 5% (pre-tax) 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, whichever
unless you elect otherwise. This plan consists of 12 funds with varying price is lower.
target dates and investment objectives.

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

401(K) IRS MAXIMUMS 2020
LEARN MORE ONLINE
Elective Deferral $19,500
For more information, visit
Catch-Up for Employees Age 50+ $6,500 https://eac.schwab.com
(Employee ID = Your ID from Dayforce | NYSE: STMP).

To make changes to your contributions or fund allocation, or to 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.