Quick Links To Information About your Retirement Plan:
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:
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.