… Makes Savings Easy
You may save from 2.5% up to 60% of your eligible earnings on a before-tax and/or after-tax basis each year through convenient payroll deductions subject to certain other limits. Persons above a certain compensation amount are called "highly compensated employees" and can only contribute up to 16% of eligible earnings, subject to certain other limits.
… Offers Matching Contributions to Increase Your Savings
When you contribute to the Savings Program, the Company makes a matching contribution based upon every dollar you save up to 6% of your eligible earnings.
… Lets You Save Tax-Deferred
Your before-tax contributions, Company matching contributions and investment earnings are tax-deferred, which means you will not pay federal income taxes on these amounts until you take the money out of the Savings Program.
… Gives You the Opportunity to Invest in Your Future
You can invest your savings and Company matching contributions in the investment funds made available under the Savings Program.
… Provides 24-Hour Access to Account Information
The Savings Program information line offers up-to-date information about your account 24 hours a day, 7 days a week and our Internet access provides the same convenience.
… Allows You Flexibility Today
Although the objective of the Savings Program is to help you save for the future, you have the flexibility to meet short-term needs through loan and withdrawal provisions. |
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