PDF 401(k) Overview

401(k) Overview

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CONTRIBUTIONS

Employee and Employer

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Employee contributions

? Defer up to 70% of base pay ? Defer up to 70% of incentive payment ? Defer on a pre-tax and/or Roth (after-tax) basis

For Example: 401(k) Plan contribution rates:

Base Pay Incentive Pay

Pre-Tax: 15% Roth:

0%

Pre-Tax: 0% Roth:

6%

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Deferral limits

Roth and pre-tax 401(k) accounts ? Employee annual combined IRS contribution limit for 2018

$18,500 if under age 50 $24,500 ($6,000 additional catch-up contribution) if age 50 or over by

December 31st ? Plan limits your contribution to 70% of eligible compensation but current taxes

may limit the amount you may defer

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UPoint Website: Accessible through Cat@Work or via resources.cat

Your Name Here

Your Selected Plan Name & Name of Insured(s)

Your Selected Plan Name & Name of Insured(s)

Your Selected Plan Name & Name of Insured(s)

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Deferral limits on UPoint?

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