Page 23 - QSC EE Guide 01-20 SLO

Empower Retirement Services | 401(k)
You are encouraged to participate in QSC’s 401(k) plan. This plan allows you to fund your retirement with pre-tax
dollars up to IRS maximums. The 401(k) also allows you to roll over monies from another qualified plan. You can
invest in a variety of mutual funds from conservative to aggressive. Before you invest in the 401(k), figure out what
your mix of stocks, bonds, and cash should be. This is also known as asset allocation. There are two key factors to
consider when picking your asset allocation: your risk tolerance, and how many years you have left before
retirement.

Eligibility
You are eligible for the company’s 401(k) plan on the first day of the month following one month of employment.

Matching
The QSC matching contribution is 100% of the first $300 that you contribute, and 50% of your contributions from
$301 to 6% of your annual compensation.

Vesting
You are immediately vested in your contributions; however, the company matching
contributions are on a vesting schedule.

401(k) IRS Maximums 2019 2020

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

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.

Managing Your 401(k)
Go to www.participant.empower-retirement.com
or call (800) 338-4015.