Get Connected to Your 401(k) Retirement Plan
Get Connected to Your 401(k) Retirement Plan
401(k) Retirement Plan
Introducing the NXP 401(k) Retirement Plan
Plan Features
Plan Resources
Your Plan Choices ? Contributions ? Investments ? Default options
3
Presenter, Date
Plan Features Overview
Administrator & Custodian
Alight / Northern Trust
Immediate Vesting Investment Options Resources & Tools
Account Management, Financial Modeling, Investment Advice
NXP Contributions
Dollar-for-Dollar Match on Your Savings
4
Presenter, Date
Getting Started Saving in the 401(k) Retirement Plan
Saving for Your Future Benefit
? 1% increments, up to 75%, of your eligible compensation ? Pre-tax and/or Roth (after-tax) savings
? Pre-tax contributions tax savings immediately ? Roth contributions potentially lower taxes when funds withdrawn ? Maximum contributions: up to $19,000 ? Catch-up contributions (Age 50+): additional $6,000
NXP Contributions
? Dollar-for-dollar match on the first 5% of pay you save ? Contributed each pay period so faster savings growth for you
Eligible Compensation Includes:
? Regular earnings and commissions ? Shift Differentials
? Sales Incentive Plan
? Overtime
? Bonuses
? Lump-sum merit increases
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Presenter, Date
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