A small increase can make a big difference!
You might hesitate to increase your retirement plan contribution because you don’t want to reduce your take-home pay. But the power of tax deferral means the impact to your paycheck isn’t as much as you think.
If you earn $30,000 per year and you increase your plan deferral from 4% to 5%, your contributions would increase by $300 per year, but your annual take-home pay would only decrease by $255!
Starting January 1, 2012
Take advantage of the company match offer and contribute 8% of your pay to earn the maximum company match on your contributions! Your employer will contribute 50% on the first 8% you contribute each payroll starting January 1, 2012. Match vests immediately!
