401(k) Retirement Plan Enrollment • Once eligible, you will be automatically enrolled into the 401(k)assoonas it is administratively possible with a deduction of 3% your totalearnings. • **IMPORTANT**: If you do not wish to participate in the 401(k) plan you must contact John Hancock before you are automatically enrolled to “optout”. • In addition, your contribution will automatically increase each year (July) by 1% until you reach 10% unless you electotherwise. • ABC Company will match 100% of the first 6% you contribute. • Employees are vested immediately.