Quick Links To Information About your Retirement Plan:
Employee - Register to Access Your Account
Employee: Fidelity Phone Support: 877-208-0098
Employee: Fidelity Enrollment and Education Brochure
You decide how much of your pay, up to IRS limits, you want to contribute. Your contributions will be deducted directly from your paycheck. You can make: Lesser of 100% of YOUR compensation or $15,500 salary reduction contribution ($19,000 if age 50 or older). Refer to IRS Rules and please reference this with your tax professional.
Because you’re contributing money from your paycheck before income taxes are deducted, you reduce your annual taxable income in the year the contributions are made. Before-tax contributions allow your savings to accumulate tax-deferred. In other words, you don’t pay taxes on what you save or on your assets as they grow until you take the money out at retirement. Employee additional catch-up contributions. If you’re 50 or older, you can contribute an additional amount before taxes.
Your employer may match any contributions you make, dollar for dollar, up to 3% of eligible compensation.