Saving for retirement is an important part of financial well-being. The best time to start saving for retirement is now!
You are eligible to participate in the 401(k) plan any time after your hire date, if you are at least 18 years of age. When you enroll, you may designate beneficiaries and allocate your asset distribution any time throughout the year. You do not need to wait for Open Enrollment to make changes.
To enroll, log on to netbenefits.fidelity.com or call the Retirement Services Center at (866) 956-3100.
After you complete one year of service, TCS matches 4.5% of the eligible earnings you contribute as Traditional (pre-tax), Roth (after-tax), or catch up contributions. To receive the full match, you must contribute at least 5% of your earnings. All contributions are 100% vested.
401(k) Contributions | Limitations* |
---|---|
Traditional & Roth | Cannot exceed 75% of your eligible compensation |
Catch-up Contributions | Employees age 50 or over can contribute an additional $7,500 annually |
*Contributions are subject to IRS limits and may change annually.
See the chart below to learn how investing 5% per paycheck could grow to more than $680,000!
Paycheck Contribution |
Years to Save | Paycheck Contributions |
Company Match | Assumed Rate of Return** | |
---|---|---|---|---|---|
6% | 8% | ||||
5% of $40,000 | 20 | $40,000 | $36,000 | $144,289 | $181,344 |
25 | $50,000 | $45,000 | $215,203 | $289,702 | |
30 | $60,000 | $54,000 | $310,101 | $448,916 | |
35 | $70,000 | $63,000 | $437,096 | $682,852 |
**Hypothetical information. Not intended as prediction of investment results, nor is it intended as financial planning or investment advice. For more information, contact a financial advisor.
You may rollover another 401(k), 403(b), 457(b), or eligible taxable amounts from an IRA into the Technicolor USA, Inc. 401(k) plan. Call (866) 956-3100 to learn more.
Fidelity can help with access to information and resources that will help you make informed decisions to keep your retirement strategy and multiple financial goals on track. Licensed planners are available at NO COST to you to help you create a retirement savings strategy that’s right for you and your goals. Call (800) 603-4015 to start your one-on-one conversation.
This advisory service is being offered for a fee to help create and implement a plan for retirement and your other financial priorities. Through this service, you’ll receive proactive communications that outline the next steps for you to consider taking on your plan and access to Planning Consultants that can work with you to implement them. You’ll also have a professional investment team that keeps your investment strategy aligned with your retirement goals.
Learn more at fidelity.com/ppawlearn or call (866) 811-6041.