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!
McCready and Keene provides administrative and recordkeeping services and is not a broker/dealer or an investment advisor. Neither McCready and Keene nor its employees provide tax, legal or investment advice. Mutual Funds are sold by prospectus. The prospectus contains important information about the fund. Before investing any money, plan participants should read the prospectus and carefully consider the fund'sinvestment objectives, risks, charges and expenses. Investing involves risk, including the potential loss of principal. To obtain a copy of the prospectus, the participant should contact the plan’s investment advisor or the mutual fund company directly. The AUL Stable Value Account is a group fixed annuity, issued by American United Life Insurance Company® (AUL), OneAmerican Square, P.O. Box 368, Indianapolis. IN 46206-0368, 1-800-442-4015.