Your 401(k) Quick tips

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Your 401(k) Quick tips"

Transcription

1 Your 401(k) Quick tips The 401(k) plan offers you an easy way to prepare for retirement, and provides great benefits that help you boost your savings, including: Company matching contribution of up to 5% 2%-3% automatic annual company contributions Convenient payroll deductions A broad range of investment options Tax-advantaged savings Take a few minutes to learn how the plan works to be sure you re taking full advantage of all the benefits available to you. Your financial wellness. Beyond the 401(k) plan, you have access to a wealth of financial resources and guidance to help you achieve your goals at each stage of life. See page 6 for an overview of these services. This guide provides an educational summary of the 401(k) plan. It is not meant to provide full details of the plan provisions. For additional information, see the Investment Guide and Summary Plan Description. The information in this guide applies to both The Bank of America 401(k) Plan and The Merrill Lynch & Co., Inc. 401(k) Savings & Investment Plan. 1

2 Tax advantages You can choose pre-tax contributions, Roth (after-tax) contributions or both. Each type of contribution has certain tax advantages: Pre-tax contributions Your 401(k) savings are deducted from your pay before federal and, in most cases, state taxes are applied, reducing your tax bill for the current year. Roth contributions Because these are after-tax contributions, you don t save on taxes in the year you make contributions. But your contributions and investment earnings could be tax-free when you withdraw money from your account in retirement, if you meet certain criteria. Flexible savings You decide how much to contribute to the plan each pay period. You can contribute up to the following amounts: Plan limit Up to 75% of your eligible pay* Current IRS limit $18,000 If you re age 50 or over You can contribute a higher amount (currently up to $24,000) to help make up for years that you might not have saved as much. Automatic increases Give your saving a regular boost by increasing your contributions automatically. You can choose to increase your contribution rate by 1%, 2% or 3% every 1, 2 or 3 years. * Eligible pay includes base pay, overtime, shift differential, vacation and holiday pay, short-term disability benefits, and any bonus, commission, or incentive you receive. (It does not include any stock-based compensation or deferrals to the nonqualified 401(k) plan.) 2 For more details about the plan, see the Investment Guide and Summary Plan Description.

3 Employer contributions After you complete a full year of service, we boost your retirement savings with company matching contributions and the annual company contribution. Company matching contributions These are dollar-for-dollar matching contributions of up to 5% of your eligible pay*. Matching contributions are credited to your account each pay period that you contribute. Annual company contributions At the beginning of each year, you also get an automatic contribution of 2% of your eligible pay* (3% if you have at least 10 years of vesting service). Janice s eligible pay: $50, (k) contribution: 5% each pay 401(k) periodcontribution: 5% each pay period Company match: 5% each pay Company period match: Annual company 5% each pay period contribution: 2% Company contribution: 2% annually It really adds up These employer contributions could really make a big difference over time. Janice contributes 5%, or about $100 every two weeks. When you factor in employer contributions, it starts to add up. After 10 years, her total contribution of $25,000 could become as much as $79,000 with earnings. The story could get even better after 20 and 30 years. $500,000 $400,000 $300,000 $200,000 $100,000 * The maximum amount of eligible pay that will be considered for when calculating your matching contributions and annual company contributions is $250,000 if you were hired prior to July 1, 2012; for all other employees the limit is $150,000. Years: Assumes a 6% rate of return compounded annually. This example is for illustrative purposes only. Results are not guaranteed. For more details about the plan, see the Investment Guide and Summary Plan Description. 3

4 Three ways to invest The 401(k) plan offers three investment approaches and a variety of investment choices. Make sure to review your options to determine the best fit for you. Invest for me Give me help Do it yourself Access to your savings You can withdraw all or part of your vested account balance after age 59½. If you need to access your savings sooner, the following options are also available: LifePath Fund Use a professionally managed, diversified LifePath Fund that automatically adjusts to a more conservative mix of investments over time. Simply choose the fund that corresponds to the year you plan to retire. For additional information on LifePath funds and Advice Access, see page 7 of this guide. Advice Access Get personalized recommendations to guide your investments with these three options. PersonalManager monitors and adjusts your account regularly. Portfolio Rebalancing maintains your investment mix until you make a change. One-Time Implementation puts the recommendations to work for you. Build your portfolio Select from among the available investment choices, including fixed income, equity and specialty investments. You will need to monitor your investments over time and make any necessary adjustments. Loans: You can borrow up to $50,000 of your account balance, and repay the amount over time through after-tax payroll deductions with interest. Hardship withdrawals: If you need money to pay for certain unexpected or major expenses like unpaid medical bills, college tuition, funeral expenses or to prevent foreclosure, you may be able to access a portion of your account to help meet those financial needs. Before you take a loan or withdrawal, it s important to consider the advantages and disadvantages of each one. 4 For more details about the plan, see the Investment Guide and Summary Plan Description.

5 About Benefits OnLine Option 1: Express enrollment Online enrollment Go to Benefits OnLine ( and set up a user name and password. Choose Enroll Now to get started. Express Enrollment makes enrolling in the plan fast and easy by limiting your decisions: Choose 3%, 5%, 10% or another amount up to plan and IRS limits. Consider automatic contribution increases of 1% annually. Confirm the LifePath Fund that corresponds to the year you plan to retire. Option 2: Full enrollment You can choose from the full range of options offered by the plan: Select pre-tax and/or Roth contributions, up to plan and IRS limits. Set automatic increases of 1%, 2% or 3% every 1, 2, or 3 years. Choose your investments. Questions If you have any questions about enrolling in the 401(k) plan, contact: Employee Retirement Savings Center a.m. to 8 p.m. Eastern Monday-Friday, except certain holidays Enjoy easy access to your 401(k) when it s convenient to you. At Benefits OnLine you can: Keep track of your account balance and investments. Change your contribution rate and how your account is invested. Get personalized contribution and investment recommendations from Advice Access. Choose paperless delivery for your plan communications. Learn about investing and planning for retirement. Consolidate your balances Make it easier to keep track of your savings from a prior 401(k) plan. You can roll over to the 401(k) plan or to an IRA if eligible. Consider all of your choices*, including a Merrill Edge Rollover IRA. Learn more: * You have choices for what to do with your 401(k) or other type of plan-sponsored accounts. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth IRA, roll over a 401(k) from a prior employer to a 401(k) at your new employer, take a distribution, or leave the account where it is. Each choice may offer different investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment, and provide different protection from creditors and legal judgments. These are complex choices and should be considered with care. For more details about the plan, see the Investment Guide and Summary Plan Description. 5

6 Help is available We ve provided access to resources and support to help you make decisions about your retirement savings. One-to-one guidance Education Bank of America Banking Bank of America Borrowing Investing bettermoneyhabits.com Benefits Education & Planning Center (BEPC) Speak by telephone to a licensed EY counselor to help you build a plan to achieve your goals. Available at no cost Merrill Edge Advisory Center TM Merrill Edge Financial Solutions Advisors streamline investing by working with you one-on-one so you can make more informed investment decisions. Better Money Habits TM Build your financial know-how with tools and information to help you make more confident decisions. Learn about budgeting, credit, debt, home buying and more. Bank of America partnered with not-for-profit Khan Academy to build this free resource. Preferred Rewards Get more rewards with your everyday banking TM. Bank of America Interest Checking Get the optimal checking account setup, including an interestbearing account and tools to help you manage your money. Savings, CDs and IRAs Put your money to work in a time frame that works for you. Credit Cards Employee pricing on select BankAmericard credit cards. Auto Loans Enjoy discounted rates when purchasing a new or used car, refinancing a car or buying out a lease Mortgage and Home Equity Line of Credit Find a loan that s right for you. Merrill Edge Easy-to-use tools and resources to help you make more informed investment decisions. Merrill Lynch Wealth Management Get investing services and guidance from a local, dedicated Merrill Lynch Financial Advisor. Appropriate for those with $250,000 or more to invest. Merrill Lynch Financial Advisors For those with more complex needs, a Merrill Lynch Financial Advisor will design a customized plan and optimize your portfolio to help you reach your financial goals. 6 Investment products: Are not FDIC insured Not Bank Guaranteed May Lose Value

7 Disclosures LifePath Funds. The retirement date for the LifePath Funds is the approximate date when an investor plans to start withdrawing the assets from their retirement account. The principal value of these funds is not guaranteed at any time, including at the target date. These funds are designed to become more conservative over time as the target date approaches. The hypothetical illustration on page 3 assumes a salary of $50,000, a 5% pre-tax contribution rate (a $96.15 contribution at the end of every two weeks) and a 6% rate of return compounded annually. It also assumes a company match of 100% for every dollar contributed up to 5% of eligible pay, and an annual contribution of 2% of eligible pay. Hypothetical results are for illustrative purposes only and are not meant to represent the past or future performance of any specific investment vehicle. Investment return and principal value will fluctuate and when redeemed the investments may be worth more or less than their original cost. Taxes are due upon withdrawal. If you take a withdrawal prior to age 59, you may also be subject to a 10% additional tax. The Advice Access service uses a probabilistic approach to determine the likelihood that you may be able to achieve your stated goal and/or to identify a potential wealth outcome that could be realized. Additionally, the recommendations provided by Advice Access may include a higher level of investment risk than you may be personally comfortable with. You are strongly advised to consider your personal goals, overall risk tolerance, and retirement horizon before accepting any recommendations made by Advice Access. You should carefully review the explanation of the methodology used, including key assumptions and limitations, which is provided in the Advice Access disclosure statement. It can be obtained through Benefits OnLine or through a participant service representative. IMPORTANT: The projections or other information shown in the Advice Access service regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Banking, mortgage, home equity products offered by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Equal Housing Lender. Credit and collateral subject to approval. Terms and conditions apply. Not a commitment to lend. Programs, rates, terms, conditions subject to change without notice. The employee auto loan discount can be combined with the Preferred Rewards auto loan interest rate discount up to a maximum of 0.50%. To receive this discount, you must be enrolled in Preferred Rewards at the time of the auto loan application and identify yourself as an employee on the loan application. This discount is not reflected in the published rates on our website but will be reflected in the interest rate quoted upon loan approval. Employee discount is 0.25% and is subject to change without notice. No prepayment penalty, except in Ohio. Standard underwriting guidelines and credit policies apply. Employee pricing is only available to active employees and retirees. For more information, see Employee and Retiree Offers document on Flagscape > Employee Banking & Investments. Employee Banking & Investments is offered through Bank of America, N.A. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, a registered broker-dealer and Member SIPC. Merrill Edge, available through Merrill Lynch, Pierce, Fenner & Smith Incorporated, consists of Merrill Edge Advisory Center (investment guidance) or self-directed online investing. Merrill Lynch makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith, Incorporated and other subsidiaries of Bank of America Corporation. Neither Merrill Lynch nor any of its affiliates or financial advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any decisions. Ernst & Young and Khan Academy are not affiliated with Bank of America Corporation. Bank of America Preferred Rewards are trademarks and Merrill Edge, Merrill Lynch, We re better when we re connected, BankAmericard, Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provision contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason Bank of America. All rights reserved. ARQ4QG9F NHPrimer 07/2015 7

Self-Direct Brokerage

Self-Direct Brokerage Self-Direct Brokerage sdb Direct Advantage sdb Advisor Advantage Your employer is pleased to offer the Self-Direct Brokerage (sdb) service. An sdb account gives you more flexibility in managing your retirement

More information

Retire from work, not life..

Retire from work, not life.. Retire from work, not life.. Program Features and Highlights The South Carolina Deferred Compensation Program (Program) is a powerful tool to help you reach your retirement dreams. As a supplement to other

More information

Questions and Answers about the Roth 401(k)

Questions and Answers about the Roth 401(k) THE RETIREMENT GROUP AT MERRILL LYNCH Q A Questions and Answers about the Roth 401(k) How the Roth 401(k) Works Q. What is the Roth 401(k) contribution option? A. The Roth 401(k) contribution option allows

More information

so sodexo Welcome to Your Sodexo Retirement Program Your future P L A N O V E R V I E W A valuable benefit that lets you share in Sodexo s success

so sodexo Welcome to Your Sodexo Retirement Program Your future P L A N O V E R V I E W A valuable benefit that lets you share in Sodexo s success P L A N O V E R V I E W Your future so sodexo Welcome to Your Sodexo Retirement Program A valuable benefit that lets you share in Sodexo s success SOD_Enroll_Guide Mar_09 09IAS-03-003 2009 ING Institutional

More information

PERSI. It s Your Choice to Go Now, Go BIG! Plan Highlights. Learn about your PERSI Choice 401(k) Plan. Ready, Set, Go: the PERSI Base Plan.

PERSI. It s Your Choice to Go Now, Go BIG! Plan Highlights. Learn about your PERSI Choice 401(k) Plan. Ready, Set, Go: the PERSI Base Plan. PERSI PERSI Choice 401(k) Plan It s Your Choice to Go Now, Go BIG! Plan Highlights Learn about your PERSI Choice 401(k) Plan Ready, Set, Go: the PERSI Base Plan The PERSI Base Plan gets you into the game,

More information

South Carolina Deferred Compensation Program Features and Highlights

South Carolina Deferred Compensation Program Features and Highlights Retire from work, not life.. South Carolina Deferred Compensation Program Features and Highlights The South Carolina Deferred Compensation Program is a powerful tool to help you reach your retirement dreams.

More information

Plan Wellness Scorecard For the period ending June 30, 2015

Plan Wellness Scorecard For the period ending June 30, 2015 RETIREMENT & BENEFIT PLAN SERVICES Workplace Insights Plan Wellness Scorecard For the period ending June 30, 2015 More than ever, employees are looking to their employers for help managing their financial

More information

Roth 401(k) A new contribution option available in your 401(k) plan

Roth 401(k) A new contribution option available in your 401(k) plan THE RETIREMENT GROUP AT MERRILL LYNCH Roth 401(k) A new contribution option available in your 401(k) plan Your 401(k) plan is now more flexible than ever! With a choice between the traditional 401(k) and

More information

Tax-smart ways to save and invest. TIAA-CREF Financial Essentials

Tax-smart ways to save and invest. TIAA-CREF Financial Essentials Tax-smart ways to save and invest TIAA-CREF Financial Essentials Today s agenda: 1. Finding funds for saving 2. Tax law provisions promoting saving 3. TIAA-CREF savings opportunities 4. TIAA-CREF can help

More information

Getting Started About the 401(k) plan. Who is eligible to enroll? What is a Roth 401(k) contribution? Why should I participate in the Program?

Getting Started About the 401(k) plan. Who is eligible to enroll? What is a Roth 401(k) contribution? Why should I participate in the Program? The State of Tennessee 401(k) Deferred Compensation Program (your Program) is a supplemental retirement savings program that is designed to work with the Tennessee Consolidated Retirement System (TCRS)

More information

Small Business Retirement Plans at E*TRADE HELP AND GUIDANCE FOR EVERY SMALL BUSINESS OWNER

Small Business Retirement Plans at E*TRADE HELP AND GUIDANCE FOR EVERY SMALL BUSINESS OWNER Small Business Retirement Plans at E*TRADE HELP AND GUIDANCE FOR EVERY SMALL BUSINESS OWNER Small Business Plan recommendations Powerful online tools and resources Support from Small Business Retirement

More information

Who May Join the Plan You are eligible to join the Savings Plan/Plus if you are a regular employee who works at least 20 hours per week.

Who May Join the Plan You are eligible to join the Savings Plan/Plus if you are a regular employee who works at least 20 hours per week. Congratulations! You are eligible to enroll in Teradyne s retirement plan, the Teradyne, Inc. Savings Plan/Plus (the Plan). Below is a brief summary of the main features of the Plan. For more details,

More information

premiere select Rollover IRA Invest in your retirement today.

premiere select Rollover IRA Invest in your retirement today. premiere select Rollover IRA Invest in your retirement today. Leaving your current job can be challenging in any environment. For many of us, it can also be a bit overwhelming. That s why it s comforting

More information

Strength of Many. Convenience of One. Voya Select Advantage IRA. Mutual Fund Custodial Account

Strength of Many. Convenience of One. Voya Select Advantage IRA. Mutual Fund Custodial Account Strength of Many. Convenience of One. Voya Select Advantage IRA Mutual Fund Custodial Account Life brings change. C hange often comes from life events such as switching jobs or retiring. What impact will

More information

Personal Schedule of Fees

Personal Schedule of Fees Personal Schedule of Fees Effective May 6, 2016 bankofamerica.com Applies in all states. Bank of America, N.A. Member FDIC. 2016 Bank of America Corporation. 91-11-3000B 00-14-9299 29898 Table of Contents

More information

NextGen College Investing Plan. An investment for a lifetime of achievement

NextGen College Investing Plan. An investment for a lifetime of achievement NextGen College Investing Plan An investment for a lifetime of achievement An investment for a lifetime of achievement... begins today Education is the soul of a society as it passes from one generation

More information

The IBM 401(k) Plus Plan. Invest today for what you hope to accomplish tomorrow

The IBM 401(k) Plus Plan. Invest today for what you hope to accomplish tomorrow The IBM 401(k) Plus Plan Invest today for what you hope to accomplish tomorrow The IBM 401(k) Plus Plan Dollar-for-dollar company match, automatic company contributions, broad range of investment options

More information

Program Features and Highlights

Program Features and Highlights Wisconsin Deferred Compensation (WDC) Program Program Features and Highlights Learn more about Wisconsin s section 457(b) Deferred Compensation Program What is a section 457 deferred compensation program?

More information

Flexible financing that s ready when you need it

Flexible financing that s ready when you need it Flexible financing that s ready when you need it Life s better when we re connected Inside 3 You gain flexibility, convenience and control 5 Get the cash you need faster and more easily 7 Buy or invest

More information

Understanding your cash sweep options

Understanding your cash sweep options M914471105 Understanding your cash sweep options The following information is being provided so that you can review your cash sweep option(s) with your Merrill Lynch financial advisor ( financial advisor

More information

PLAN FOR YOUR FUTURE. 71% say retirement WHY ENROLL? GET STARTED TODAY ONE TWO THREE

PLAN FOR YOUR FUTURE. 71% say retirement WHY ENROLL? GET STARTED TODAY ONE TWO THREE Regions Financial Corporation 401(k) Plan PLAN FOR YOUR FUTURE You may spend 20 years or more in retirement that s a long time to go without a paycheck! Of course, there will still be bills to pay, so

More information

The IBM 401(k) Plus Plan. Invest today for what you hope to accomplish tomorrow

The IBM 401(k) Plus Plan. Invest today for what you hope to accomplish tomorrow The IBM 401(k) Plus Plan Invest today for what you hope to accomplish tomorrow The IBM 401(k) Plus Plan Dollar-for-dollar company match, automatic company contributions, broad range of investment options

More information

401(k) Wellness Scorecard For quarter ending December 31, 2013

401(k) Wellness Scorecard For quarter ending December 31, 2013 RETIREMENT & BENEFIT PLAN SERVICES Workplace Insights 401(k) Wellness Scorecard For quarter ending December 31, 2013 We at Bank of America Merrill Lynch are working with employers to create the next generation

More information

CBS & YOU PREPARE. DECIDE. ACT.

CBS & YOU PREPARE. DECIDE. ACT. YOUR HR/BENEFITS PROGRAM PREPARE. DECIDE. ACT. YOUR HR PORTAL Dear YOUR CBS CBS Employee: 401(K) PLAN Congratulations, you re now eligible to participate in the CBS 401(k) Plan. As you ll see, your CBS

More information

401(k) Savings Plan. As of the first day of month on or following three full months of Honda employment, unless you elect not to participate

401(k) Savings Plan. As of the first day of month on or following three full months of Honda employment, unless you elect not to participate 401(k) Savings Plan The Honda 401(k) Savings Plan (Savings Plan or the Plan) allows you to save and invest for retirement with tax advantages and a savings match and other contributions from Honda. Highlights

More information

Global Corporate and Institutional Advisory Services (GCIAS)

Global Corporate and Institutional Advisory Services (GCIAS) Global Corporate and Institutional Advisory Services (GCIAS) GCIAS 3455 Peachtree Road NE, Suite 1000 Atlanta, GA 30326 Toll-free: 888.763.2327 Merrill Lynch Wealth Management makes available products

More information

USING IRA ASSETS TO ADDRESS YOUR WEALTH TRANSFER GOALS

USING IRA ASSETS TO ADDRESS YOUR WEALTH TRANSFER GOALS U.S. TRUST FIDUCIARY SERVICES FOR MERRILL LYNCH CLIENTS USING IRA ASSETS TO ADDRESS YOUR WEALTH TRANSFER GOALS Trusteed IRAs from U.S. Trust Working together, Merrill Lynch and U.S. Trust bring you the

More information

THE POWER OF AN IRA.

THE POWER OF AN IRA. THE POWER OF AN IRA. Put the Power of an IRA to Work For You Whether retirement seems like a lifetime away or is just around the corner, getting started on your retirement savings plan is one of the smartest

More information

Who May Join the Plan You are eligible to join the Savings Plan/Plus if you are a regular employee who works at least 20 hours per week.

Who May Join the Plan You are eligible to join the Savings Plan/Plus if you are a regular employee who works at least 20 hours per week. Congratulations! You are eligible to enroll in Teradyne s retirement plan, the Teradyne, Inc. Savings Plan/Plus. Below is a brief summary of the main features of the Plan. For more details, please read

More information

Your guide to Roth 457 contributions

Your guide to Roth 457 contributions THE OREGON SAVINGS GROWTH PLAN PRESENTS Your guide to Roth 457 contributions Wonderful new feature this year Exciting. Thrilling. Fantastic. Best thing to hit the Pacific Northwest! What s in a name? That

More information

CHG Companies, Inc. Employee 401(k) Plan

CHG Companies, Inc. Employee 401(k) Plan CHG Companies, Inc. Employee 401(k) Plan There are many great benefits to being part of the CHG Companies, Inc. Employee 401(k) Plan. Among those benefits is exceptional customer service online, by phone,

More information

You ve worked hard for your savings. Now keep your savings working hard for you.

You ve worked hard for your savings. Now keep your savings working hard for you. You ve worked hard for your savings. Now keep your savings working hard for you. Retire with confidence A guide to your distribution options. You are now faced with an important financial decision When

More information

Saving for retirement with a 403(b) plan

Saving for retirement with a 403(b) plan Saving for retirement with a 403(b) plan 2 Saving for retirement with a 403(b) plan Saving for retirement with a 403(b) plan Retirement can be a welcome turning point in your life a time to enjoy hobbies,

More information

Money At Work 1: Foundations of investing

Money At Work 1: Foundations of investing It s not about how much money you earn. It s about how much you save and invest. November 12, 2015 A TIAA-CREF Financial Essentials Workshop Bill Thorne TIAA-CREF Money At Work 1: Foundations of investing

More information

Saving for Retirement. Your guide to getting on track.

Saving for Retirement. Your guide to getting on track. Saving for Retirement Your guide to getting on track. 2 It s great that you re looking ahead and thinking about retirement now. A sound plan can make all the difference in reaching your future goals. This

More information

Great-West Lifetime. Not a Deposit Not FDIC Insured Not Guaranteed by Any Bank Not Insured by Any Federal Government Agency Funds May Lose Value

Great-West Lifetime. Not a Deposit Not FDIC Insured Not Guaranteed by Any Bank Not Insured by Any Federal Government Agency Funds May Lose Value Great-West Lifetime Advantage IRA Solution Not a Deposit Not FDIC Insured Not Guaranteed by Any Bank Not Insured by Any Federal Government Agency Funds May Lose Value Great-West Lifetime Advantage IRA

More information

The easy way to save for your retirement

The easy way to save for your retirement The easy way to save for your retirement If you want to live comfortably during your retirement, you really can t afford to wait to begin saving for that goal. And now that your employer is offering the

More information

Attorneys' Title Guaranty Fund, Inc. Savings Plan

Attorneys' Title Guaranty Fund, Inc. Savings Plan Attorneys' Title Guaranty Fund, Inc. Savings Plan There are many great benefits to being a participant in the Attorneys' Title Guaranty Fund, Inc. Savings Plan. Among those benefits is exceptional customer

More information

Getting Started. Why should I participate in the Program? What is a 401(k) plan? What is a Roth 401(k) contribution?

Getting Started. Why should I participate in the Program? What is a 401(k) plan? What is a Roth 401(k) contribution? The State of Tennessee 401(k) and 457 Deferred Compensation Program (your Program ) is a powerful tool to help you reach your retirement dreams. As a supplement to other retirement benefits or savings

More information

Unisys Retirement Program Changes

Unisys Retirement Program Changes Unisys Retirement Program Changes U.S. Employee Benefits March 2006 This e-brochure explains the upcoming retirement program changes for U.S. employees, what they mean to you, and what you need to know.

More information

SUMMARY REVIEW COLORADO COUNTY OFFICIALS AND EMPLOYEES RETIREMENT ASSOCIATION 457 DEFERRED COMPENSATION PLAN FOR THE

SUMMARY REVIEW COLORADO COUNTY OFFICIALS AND EMPLOYEES RETIREMENT ASSOCIATION 457 DEFERRED COMPENSATION PLAN FOR THE SUMMARY REVIEW FOR THE COLORADO COUNTY OFFICIALS AND EMPLOYEES RETIREMENT ASSOCIATION 457 DEFERRED COMPENSATION PLAN TABLE OF CONTENTS INTRODUCTION... i HIGHLIGHTS... 2 PARTICIPATION... 2 Eligibility to

More information

salesforce.com, Inc. and Salesforce.com Foundation 401(k) Plan

salesforce.com, Inc. and Salesforce.com Foundation 401(k) Plan salesforce.com, Inc. and Salesforce.com Foundation 401(k) Plan There are many great benefits to being a participant in the salesforce.com, Inc. and Salesforce.com Foundation 401(k) Plan. Among those benefits

More information

Merrill Lynch Personal Advisor Progra Client Agreement Mutual Fund Investing at Merrill Lynch. A Client Disclosure Pamphlet February 2015

Merrill Lynch Personal Advisor Progra Client Agreement Mutual Fund Investing at Merrill Lynch. A Client Disclosure Pamphlet February 2015 Merrill Lynch Personal Advisor Progra Client Agreement Mutual Fund Investing at Merrill Lynch A Client Disclosure Pamphlet February 2015 Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park

More information

The ABC s of the 403b plan

The ABC s of the 403b plan The ABC s of the 403b plan Presented by: Phyllis L. Simmons Financial Advisor Waddell & Reed, Inc. 515-278-2347 The information contained in this presentation is for informational purposes only and should

More information

The Federal Thrift Savings Plan

The Federal Thrift Savings Plan Vertex Wealth Management, LLC Michael J. Aluotto, CRPC President Private Wealth Manager 1325 Franklin Ave., Ste. 335 Garden City, NY 11530 516-294-8200 mjaluotto@1stallied.com www.vertexwm.com The Federal

More information

NextGen College Investing Plan Client Direct Series Withdrawal Request Form

NextGen College Investing Plan Client Direct Series Withdrawal Request Form NextGen College Investing Plan Client Direct Series Withdrawal Request Form Complete this form if you are requesting a withdrawal from a NextGen College Investing Plan Account ( NextGen Account ). If you

More information

Traditional and Roth IRAs. Invest for retirement with tax-advantaged accounts

Traditional and Roth IRAs. Invest for retirement with tax-advantaged accounts Traditional and Roth IRAs Invest for retirement with tax-advantaged accounts Your Retirement It is your ultimate reward for a lifetime of hard work and dedication. It is a time when you should have the

More information

PLAN. Enroll today. Enjoy tomorrow. Chicago Public Schools 403(b) Tax-Deferred Retirement Plan and 457(b) Deferred Compensation Plan

PLAN. Enroll today. Enjoy tomorrow. Chicago Public Schools 403(b) Tax-Deferred Retirement Plan and 457(b) Deferred Compensation Plan PLAN Enroll today. Enjoy tomorrow. Chicago Public Schools 403(b) Tax-Deferred Retirement Plan and 457(b) Deferred Compensation Plan saving : investing : planning Workplace retirement plans to help you

More information

A Game Plan for Your. future. System of Texas

A Game Plan for Your. future. System of Texas A Game Plan for Your future Employees Retirement System of Texas Team up with Texa$aver Today, many financial experts agree that you will need at least 70% of your income to maintain your current lifestyle

More information

Building Your. Retirement Roadmap

Building Your. Retirement Roadmap Building Your Retirement Roadmap Today s Agenda Discuss a roadmap for saving to help you meet your retirement goals Look at key financial principles to follow Review action steps to consider 2 The Foundation

More information

Windstream 401(k) Plan. Summary Plan Description

Windstream 401(k) Plan. Summary Plan Description Summary Plan Description TABLE OF CONTENTS THE PLAN AT A GLANCE... 4 WINDSTREAM 401(k) PLAN SUMMARY PLAN DESCRIPTION AND PROSPECTUS... 6 ELECTIONS AND ACCOUNT INFORMATION... 6 ELIGIBILITY... 7 ENROLLMENT...

More information

Roth 403(b) Contribution Option

Roth 403(b) Contribution Option Roth 403(b) Contribution Option Frequently Asked Questions George Mason University offers a Roth 403(b) contribution option under the George Mason University Tax Deferred Savings Plan (the Plan ). The

More information

Strategies for staying on track. throughout your retirement

Strategies for staying on track. throughout your retirement Strategies for staying on track throughout your retirement TIAA-CREF and you: Planning an income for life For nearly a century, we at TIAA-CREF have dedicated ourselves to helping those who serve others

More information

Empower Retirement TM IRA

Empower Retirement TM IRA Empower Retirement TM IRA Whether you ve been a participant in an employer-sponsored group retirement plan, are new to retirement saving, or are just exploring other retirement savings options, the Empower

More information

Peace of mind your employees can take to the bank

Peace of mind your employees can take to the bank Peace of mind your employees can take to the bank Retirement Bank Account Retirement & Benefit Plan Services Thinking about making some investment changes to your retirement plan? A retirement choice your

More information

Merrill Edge & You. Mutual Fund Disclosure Pamphlet Available

Merrill Edge & You. Mutual Fund Disclosure Pamphlet Available M208431613 Merrill Edge & You July 2013 Mutual Fund Disclosure Pamphlet Available Mutual Fund Investing at Merrill Lynch provides information about the fees and expenses related to mutual funds available

More information

An Easy-to-Understand Introduction to the Retirement Plan and the Savings Plan. How the Plans Work. Contributions. Other Benefits

An Easy-to-Understand Introduction to the Retirement Plan and the Savings Plan. How the Plans Work. Contributions. Other Benefits An Easy-to-Understand Introduction to the Retirement Plan and the Savings Plan Annuities How the Plans Work Contributions Eligibility Enrollment Other Benefits November 2015 WELCOME TO THE YMCA RETIREMENT

More information

Leverage the Value of Your Brokerage Account Through Securities-Based Lending

Leverage the Value of Your Brokerage Account Through Securities-Based Lending Leverage the Value of Your Brokerage Account Through Securities-Based Lending Smart, accessible borrowing options do exist for you, even in today s tough credit market. Your carefully planned portfolio

More information

CMA Affinity Program Offers

CMA Affinity Program Offers CMA Affinity Program Offers Union Bank is proud to partner with the California Medical Association to serve the unique financial needs of your practice, your staff, and yourself. We approach our customer

More information

A guide to margin borrowing

A guide to margin borrowing A guide to margin borrowing Before you borrow on margin, it is important to review your financial situation, investment objectives, risk tolerance, time horizon, diversification needs, and liquidity objectives

More information

A Guide to Planning for Retirement INVESTMENT BASICS SERIES

A Guide to Planning for Retirement INVESTMENT BASICS SERIES A Guide to Planning for Retirement INVESTMENT BASICS SERIES It s Never Too Early to Start What You Need to Know About Saving for Retirement Most of us don t realize how much time we may spend in retirement.

More information

IRA opportunities at UBS

IRA opportunities at UBS IRA opportunities at UBS IRAs are highly popular and effective retirement savings vehicles that give your investment earnings the benefit of tax-favored treatment and provide an ideal supplement to employer-sponsored

More information

POSSIBILITIES. Rules Eased for Health FSAs. 2 Setting and Targeting Investment Goals. 4 The ABCs of Mutual Fund Share Classes

POSSIBILITIES. Rules Eased for Health FSAs. 2 Setting and Targeting Investment Goals. 4 The ABCs of Mutual Fund Share Classes POSSIBILITIES FINANCIAL INSIGHTS FOR INDIVIDUALS AND BUSINESSES APRIL 2014 Rules Eased for Health FSAs Recent changes announced by the Internal Revenue Service (IRS) modify the use-it-orlose-it rule that

More information

PLAN HIGHLIGHTS. Guide to understanding your. Trinity Health. Retirement Program. For former Holy Cross 403(b) Plan participants

PLAN HIGHLIGHTS. Guide to understanding your. Trinity Health. Retirement Program. For former Holy Cross 403(b) Plan participants PLAN HIGHLIGHTS Guide to understanding your Trinity Health Retirement Program For former Holy Cross 403(b) Plan participants HC UNDERSTANDING THE TRINITY HEALTH RETIREMENT PROGRAM The Trinity Health Retirement

More information

LANS 401(k) Retirement Plan Summary Plan Description

LANS 401(k) Retirement Plan Summary Plan Description LANS 401(k) Retirement Plan Summary Plan Description This Summary Plan Description (SPD) is intended to provide a summary of the principal features of the LANS 401(k) Retirement Plan ("Plan") and is not

More information

Teachers Retirement System of the City of New York. TDA Program Summary. Tax-Deferred Annuity Program

Teachers Retirement System of the City of New York. TDA Program Summary. Tax-Deferred Annuity Program Teachers Retirement System of the City of New York TDA Program Summary Tax-Deferred Annuity Program Tax-Deferred Annuity Program Teachers Retirement System of the City of New York TRS Tax-Deferred Annuity

More information

PENTEGRA RETIREMENT SERVICES QUALIFIED PLAN 401(k) PLAN DESIG GN N Building successful outcomes begins with effective plan design

PENTEGRA RETIREMENT SERVICES QUALIFIED PLAN 401(k) PLAN DESIG GN N Building successful outcomes begins with effective plan design PENTEGRA RETIREMENT SERVICES QUALIFIED PLAN 401(k) PLA AN DESIGN Building successful outcomes begins with effective plan design BUILDING A SUCCESSFUL 401(k) GETTING IT RIGHT How do you measure the success

More information

SUMMARY PLAN DESCRIPTION. STAPLES, INC. EMPLOYEES 401(k) SAVINGS PLAN

SUMMARY PLAN DESCRIPTION. STAPLES, INC. EMPLOYEES 401(k) SAVINGS PLAN SUMMARY PLAN DESCRIPTION STAPLES, INC. EMPLOYEES 401(k) SAVINGS PLAN Updated as of January 1, 2015 Important Note This booklet is called a Summary Plan Description ( SPD ) and is intended to provide a

More information

Is your retirement plan taking you where you want to go?

Is your retirement plan taking you where you want to go? RiverSource Retirement Group Annuity Is your retirement plan taking you where you want to go? The benefits of a 403(b) retirement plan 140765 C (4/13) The benefits of a 403(b) plan. To live the retirement

More information

Basics of IRAs ING FINANCIAL SOLUTIONS. Your future. Made easier. SM

Basics of IRAs ING FINANCIAL SOLUTIONS. Your future. Made easier. SM Basics of IRAs t FDIC/NCUA Insured t A Deposit Of A Bank t Bank Guaranteed May Lose Value t Insured By Any Federal Government Agency ING FINANCIAL SOLUTIONS Your future. Made easier. SM Traditional IRA

More information

Offers flexible deferrals up to 100% of annual performance bonus and/or stock options gains

Offers flexible deferrals up to 100% of annual performance bonus and/or stock options gains PLAN SUMMARY Please note that the red text indicates optional plan features which vary from company to company based on overall compensation philosophy or personal preferences. Introduction The Standard

More information

Retirement: Get Ready...1 Why planning makes sense...1 Where are you?...2 Getting Started: 20 s and early 30 s...3

Retirement: Get Ready...1 Why planning makes sense...1 Where are you?...2 Getting Started: 20 s and early 30 s...3 Retirement: Get Ready...1 Why planning makes sense...1 Where are you?...2 Getting Started: 20 s and early 30 s...3 On Your Way: Mid-30 s to early 40 s...4 Crunch Time: Mid-40 s to early 50 s...5 Just Around

More information

Financial Milestones: Retirement planning. Tips for every stage of life.

Financial Milestones: Retirement planning. Tips for every stage of life. Financial Milestones: Retirement planning. Tips for every stage of life. Retirement by the numbers. Retirement planning is a journey. And the sooner you start, the easier it is. But whether you re in your

More information

Small Business Retirement Solutions RETIREMENT & BENEFIT PLAN SERVICES

Small Business Retirement Solutions RETIREMENT & BENEFIT PLAN SERVICES Small Business Retirement Solutions RETIREMENT & BENEFIT PLAN SERVICES Retirement & Benefit Plan Services Whether it s bridging the gap between what you have and what you may need or linking you with a

More information

Profit Sharing and Retirement Savings Plan

Profit Sharing and Retirement Savings Plan Profit Sharing and Retirement Savings Plan Steel Dynamics offers employees two methods to save for retirement: Profit Sharing Contributions This benefit is fully funded by the company and vests gradually

More information

Roth 401(k) THE Alternative WAY TO SAVE FOR RETIREMENT

Roth 401(k) THE Alternative WAY TO SAVE FOR RETIREMENT Roth 401(k) THE Alternative WAY TO SAVE FOR RETIREMENT An Additional Way to Reach Your Financial Destination Your company sponsored retirement plan offers an additional feature that may assist you in reaching

More information

DO MORE FOR YOUR DAY ONE OF RETIREMENT AND BEYOND SUCCEED. The Prudential SmartSolution IRA

DO MORE FOR YOUR DAY ONE OF RETIREMENT AND BEYOND SUCCEED. The Prudential SmartSolution IRA SUCCEED SUNRISE PHOTOS TAKEN BY REAL PEOPLE OF THEIR ACTUAL DAY ONES OF RETIREMENT. WHAT WILL YOURS LOOK LIKE? The Prudential SmartSolution IRA DO MORE FOR YOUR DAY ONE OF RETIREMENT AND BEYOND An easy

More information

Transamerica IRA. make the most of it. Saving and investing made simple with the

Transamerica IRA. make the most of it. Saving and investing made simple with the Saving and investing made simple with the Transamerica IRA It s your hard-earned money. We re here to help you make the most of it. If you re looking for simplicity, consolidate all of your 40(k) accounts

More information

401(k) Profit Sharing Plan Features & Highlights

401(k) Profit Sharing Plan Features & Highlights Your TD Ameritrade 401(k) Profit Sharing Plan ( 401(k) Plan ) is a powerful tool to help you reach your retirement dreams. As a supplement to other retirement benefits or savings that you may have, this

More information

Eligible employees may join the Plan immediately upon satisfying the age and/or service requirement.

Eligible employees may join the Plan immediately upon satisfying the age and/or service requirement. Who Can Participate? All current employees are eligible to participate in the elective deferral portion of the Plan. Participation in the employer discretionary match on elective deferrals portion of the

More information

Retirement Savings Plan

Retirement Savings Plan Retirement Savings Plan Steel Dynamics offers employees the following method to save for retirement: 401(k) Retirement Savings Contributions This benefit allows you to contribute a percentage of your earnings

More information

Traditional and Roth IRAs. Invest for retirement with tax-advantaged accounts

Traditional and Roth IRAs. Invest for retirement with tax-advantaged accounts Traditional and s Invest for retirement with tax-advantaged accounts Your Retirement It is your ultimate reward for a lifetime of hard work and dedication. It is a time when you should have the financial

More information

TECO Energy Group Retirement Savings Plan Summary Plan Description

TECO Energy Group Retirement Savings Plan Summary Plan Description TECO Energy Group Retirement Savings Plan Summary Plan Description The Summary Plan Description (SPD) for the TECO Energy Group Retirement Savings Plan (the Plan ) and any subsequent Summaries of Material

More information

Retirement on the. Brain. Your Retirement Plan: Don t pass up the perks

Retirement on the. Brain. Your Retirement Plan: Don t pass up the perks Retirement on the Brain Your Retirement Plan: Don t pass up the perks Retirement on the Brain Your Retirement Plan Understanding the advantages of your retirement plan is crucial in making wise savings

More information

Retirement Savings Plan BASICS

Retirement Savings Plan BASICS Brighten your outlook. Retirement Savings Plan BASICS Learn about the benefits of a retirement savings plan. Your retirement savings plan can help you prepare for your retirement. Just how much money are

More information

Helping you recruit, reward and retain the best people

Helping you recruit, reward and retain the best people The Nationwide Corporate Incentive Program Plan sponsor guide Helping you recruit, reward and retain the best people NATIONWIDE BUSINESS SOLUTIONS GROUP In this guide, Nationwide assumes that the employer

More information

Notice to All Employees Eligible to Participate in the Halliburton Retirement and Savings Plan

Notice to All Employees Eligible to Participate in the Halliburton Retirement and Savings Plan Notice to All Employees Eligible to Participate in the Halliburton Retirement and Savings Plan Halliburton Company (the Company ) has made saving for retirement under the Halliburton Retirement and Savings

More information

Retirement: Protecting Your Financial security. Oak Ridge 401(k) Savings Program

Retirement: Protecting Your Financial security. Oak Ridge 401(k) Savings Program Retirement: Protecting Your Financial security. Oak Ridge 401(k) Presented by Alan Still Education Specialist Schwab Retirement Plan Services Company Overview of today s presentation The Importance of

More information

PayPal 401(k) Savings Plan

PayPal 401(k) Savings Plan PayPal 401(k) Savings Plan Welcome PayPal U.S. Employees PayPal encourages you to invest in yourself and your future by participating in the PayPal 401(k) Savings Plan (the Plan ). In order to help build

More information

Welcome! Thanks for investing your time today.

Welcome! Thanks for investing your time today. Welcome! Thanks for investing your time today. Please sign in Fill out your name tag Address your mail card It s not about how much money you earn. It s about how much you save and invest. October 2015

More information

401(k) Plan for your retirement and achieve your financial goals.

401(k) Plan for your retirement and achieve your financial goals. 401(k) Plan for your retirement and achieve your financial goals. Index Quick Index Contributions and Vesting Pages 1-3 Loans Page 4 Distributions/Withdrawals Pages 5-6 Beneficiaries Page 7 Roth 401(k)

More information

Financial Planning Basics

Financial Planning Basics Financial Planning Basics Financial Planning Basics 10 Critical Aspects to your Financial Wellness An Overview of the Financial Planning Process Presented by: James Lindner, CFP, CLU, ChFC Retirement Strategies,

More information

Highlights of our more popular offerings include:

Highlights of our more popular offerings include: Highlights of our more popular offerings include: Wealth Accumulation positions you for a better tomorrow through Profit Sharing, Company match on 401(k) contributions, plus a match on the Employee Stock

More information

GSEPS PLAN HIGHLIGHTS

GSEPS PLAN HIGHLIGHTS GSEPS PLAN HIGHLIGHTS The Georgia State Employees Pension and Savings Plan (GSEPS) is a retirement benefit plan that offers you both the security of a traditional pension plan and the opportunity to invest

More information

401(k) Summary Plan Description

401(k) Summary Plan Description The Lincoln Electric Company Employee Savings Plan 401(k) Summary Plan Description This date of this Summary Plan Description is June 24, 1999. THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES

More information

Transamerican Auto Parts 401k plan

Transamerican Auto Parts 401k plan Transamerican Auto Parts 401k plan There are many great benefits to being a participant in the Transamerican Auto Parts 401k plan. Among those benefits is exceptional customer service online, by phone,

More information

How to Maximize Your Retirement Savings Investing in Your Retirement

How to Maximize Your Retirement Savings Investing in Your Retirement How to Maximize Your Retirement Savings Investing in Your Retirement As you approach retirement, there are a number of steps you can take to wring the most out of your retirement savings and put yourself

More information

Your 403(b). Made better.

Your 403(b). Made better. Your 403(b). Made better. A unique opportunity for tax-free retirement income. Your future. Made easier. The Roth 403(b) contribution option. I m ready to Roth. I m still more of a traditional type. Is

More information

A Consumer s Guide To

A Consumer s Guide To A Consumer s Guide To 401(k) Plans NYSUT Member Benefits wants NYSUT members to be the best-informed consumers in the state. This Consumer Guide is one of our contributions towards achieving that goal.

More information

ILLINOIS 529 COLLEGE SAVINGS PLAN

ILLINOIS 529 COLLEGE SAVINGS PLAN ILLINOIS 529 COLLEGE SAVINGS PLAN Thinking about saving for your child s college education can be overwhelming. Stories of rising college loan debt and tuition increases do little to settle the nerves

More information