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retIrement - 401k

aBout unitED PaCifiC’S 401k Plan

A 401k plan is a retirement savings plan, sponsored by your employer. This plan allows eligible employees to save
and invest for retirement with before-tax or after-tax dollars. 401k contributions are invested in the plans that you
select when you enroll. The contributions in your plan are tax-deferred until the money is withdrawn.

Eligibility Requirements
To enroll in the United Pacific 401k plan, employees must meet the following criteria:
• Be an active (or on leave) employee
• Be age 21 or older
• Complete 6 months of service

Enrollment
Eligible employees may enroll on the first day of each month.

2018 Contribution Limits
Combined maximum limit of 100% (1% minimum) of your compensation or $18,500 (subject to change based
on IRS regulations) whichever is less for all retirement contributions.

Participants turning age 50 or older in 2018 may contribute an additional $6,000 (subject to change based on
IRS regulations).

Roth Contributions
The Roth option will give you the flexibility to designate all or part of your 401(k) elective deferrals as Roth
contributions. All Roth contributions are made with after-tax dollars.

2018 Roth Contribution Limits
Combined maximum limit of 100% (1% minimum) of your compensation or $18,500 (subject to change based
on IRS regulations) whichever is less for all retirement contributions.

Employer Contributions
United Pacific will be matching employee 401(k) contributions.

Vesting Schedule
Vesting refers to the percentage of your account you are entitled to receive upon the occurrence of distributable
events. Your contributions and any earnings are always 100% vested (including rollovers from previous employers).

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