401(k) RETIREMENT PLAN Watch: Can You Afford to Wait? Saving for Retirement Employees can contribute up to $22,500 pre-tax annually to their 401(k)-retirement plan. You may contribute an additional $7,500 if you are age 50+ in an annual "catch-up contribution". ABC will match your first 3% in contributions 100%, then match your next 1% in contributions 50%. Enrollment & Account Access You can enroll in the plan, access your account, or get more information any time by: • Logging in to the ADP Retirement Portal • Calling 1-866-794-2268 Monday through Friday from 8:30am –7:00pm ET. Up to $22,500 annually. You may • Downloading the Empower Retirement mobile app Maximum contribute an additional $7,500 Contribution “catch-up contribution” annually if How much do you need to save for retirement? you are age 50+ That depends on your expenses. Use this calculator from ADP to determine Company Match ABC will match 50% of your first 6% in how much you should be saving now to be comfortable in your retirement. contributions their handy calculators here, including calculators You can also view all of specific to spending, planning, and overall financial wellness. Eligibility You are eligible to contribute to the Plan if you are at least 21 years old Withdrawals & You may withdraw money from your Loans account in certain situations and take up to one loan at a time. 17// 2023 Employee BenefitGuide Plan Administrator ADP Retirement Services