Page 19 - Kate Somerville Benefits Guide 2020 CA FINAL

Retirement Savings

VANGUARD | 401(K) RETIREMENT SAVINGS
With our 401(k) retirement savings plan through Vanguard, Kate Somerville has established a tax-favored program that will help you
save for retirement. Here are some of the highlights of our 401(k) plan:

• CONTRIBUTION LIMIT: The maximum contribution for employees under the age of 50 is $19,500 per year. The maximum
catch up contribution for employees over the age of 50 is $6,500. Your contribution must equal a minimum of $6,000 to re-
ceive the maximum employer match.
• COMPANY MATCH: 100% of employee contributions for the first 4% (4-year vesting schedule).
• WAITING PERIOD: First of the month following date of hire.
• AUTOMATIC ENROLLMENT: You will be automatically enrolled in the plan, unless you opt out. 3% will be taken from
your pay on a pre-tax basis and contributed to your account.

401(k) IRS Maximums 2020 2021
Elective Deferral $19,500 Indexed for
Catch-Up Deferral (Age 50+) $6,500 Inflation

TO MANAGE YOUR 401(K):

Go to https://my.vanguardplan.com or call (866) 794-2145.

Pet Discount Program

UNITED PET CARE
The pet care discount program through United Pet Care puts an end to deductibles and frustrating claim forms that traditional pet
insurance requires. As a United Pet Care member, you simply take your pet to the vet as often as you need and instantly save 20-
50% on everything from check-ups, vaccines, skin treatments, and surgeries.

Rates Per Pay Period (24 per year)
# of Pets Preferred Select Partner
1 Pet $6.25 $5.38 $6.25
2 Pets $12.10 $10.30 $12.10
3 Pets $17.80 $15.15 $17.80
Additional 1 Pet $5.65 $4.85 $5.65

NOTE: It is the members responsibility to seek services with a United Pet Care contracted facility, provider, and specialists. Non-
contracted facilities, providers and specialists do not recognize United Pet Care discounts.

FOR MORE DETAILS:

Call (888) 781-6622 or visit www.unitedpetcare.com/katesomerville

KATE SOMERVILLE EMPLOYEE BENEFITS 19