Benefits Bulletin

Maximizing Your 401(k) Potential

January 12, 2017

Benefits Team

Investing in your retirement is crucial to combat the rising cost of living.  Maximize your 401(k) in 2017! 

Did you know that your Automatic Contributions DO NOT count towards the IRS voluntary 401(k) limit?  That means that you can contribute the maximum voluntarily IN ADDITION to the amounts that PH automatically withholds on your behalf.

The IRS maximum limit did not change for 2017.

2017 IRS Limits for 401(k) Voluntary Contributions

For participants under age 50

$18,000

If you will be age 50 or older in 2017

$24,000

Have you registered with One America?  Once you register, you will be able to access your statements electronically, change your contribution rate and choose your investment strategy.

The link to One America is:
https://www.oaretirement.com/welcome.aspx
Our plan number is 110001.

Don’t forget to register and maximize your contribution potential for 2017!