We are pleased to announce that effective November 1, 2013, the company match for the 401(k) plan is increasing from a payroll match of 50% of the first 4% of eligible wages you contribute to the plan to a match of 50% of the first 6% of eligible wages you contribute to the plan. You will first see this increase in your paycheck on November 15, 2013.
As a reminder, employee contributions to the plan are always 100% vested. All matching company contributions to your 401(k) account are 100% vested after 3 years of employment. Your contribution rate may be changed at any time by contacting Merrill Lynch at 1-800-229-9040. You may also visit their website at http://www.benefits.ml.com/.
Take advantage of this company match increase by also increasing your contribution today!
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