How is this company's 401K and Roth 401K?

Better than average or not?
______________________
 

Your Plan at a Glance

The Cambridge Information Group 401(k) Retirement Plan

Your Employee Contributions

You are automatically enrolled in the plan at a

pretax contribution rate of 5% of eligible

compensation unless you choose to “opt out” of

the plan or you elect to contribute at a

contribution percentage other than the

automatic 5%.

If you do not elect another deferral rate, the

automatic 5% payroll deduction will increase by

1% each year. This increase will continue until

you reach a 15% contribution rate or you elect

another deferral percentage. You will be notified

of these automatic increases.

Pretax retirement plan contributions are

deducted before you pay current income taxes.

Investments grow tax-deferred and are taxed

only when you take a distribution. You can

contribute up to 85% of eligible compensation to

the pretax account.

 

contributions and are deducted after you pay

current income taxes. A Roth 401(k) operates

much like a Roth IRA except that, unlike a Roth

IRA, a Roth 401(k) has no income limits that

restrict participants from making contributions.

Unlike regular after-tax contributions, you can

receive the earnings in your Roth account taxfree

if you have a qualified distribution. You can

contribute up to 85% of eligible compensation to

the Roth 401(k) account.

If you are age 50 or older, you may be able to

make “catch-up” contributions to your account

of up to $5,500 in 2014.

Automatic payroll deduction withdraws your

contributions directly from your paycheck on a

pretax and after-tax basis depending upon

whether you choose to make pretax and/or

Roth 401(k) contributions.

Your total pretax and Roth 401(k) contributions

 

2014 (or $23,000 if you are age 50 or older),

whichever is lower.

Employer Contributions

The Company matches your pretax 401(k) and

Roth 401(k) contributions with $.50 for every

$1.00 you contribute, capping at

$6,000 annually.

All matching contributions are deposited into the

 

所有跟帖： 

• not bad, not the best one -qtwen- ♂ (0 bytes) () 05/20/2014 postreply 11:15:36

• if annual salary >=$100k, ER match % becomes less than 6% -tigerlady- ♀ (38 bytes) () 05/20/2014 postreply 14:16:27

• 不怎么样！ -pingpong123- ♀ (0 bytes) () 05/21/2014 postreply 13:56:29

• 一般 -oldround- ♂ (99 bytes) () 05/21/2014 postreply 16:48:07