Preparing For Your Financial Future: Retirement Savings Plan Contribution Limits Increased
The CHI 401(k) Retirement Savings Plan is a valuable tool that can help you prepare for your financial future. The Internal Revenue Service recently announced changes to the contribution limits for 2018 that allow you to save even more for retirement. To review the changes, learn about catch-up contributions, and access a tool you can use to determine if you should adjust your contribution, click here.
Catch-Up Contributions for 2018
If you are, or will be age 50 or older during calendar year 2018, and you contribute the IRS contribution limit of $18,500, you are eligible to make catch-up contributions to the CHI 401(k) Plan.
This is a great opportunity for employees who:
- want to make contributions in addition to the otherwise applicable Internal Revenue Code limits
- may have started saving for retirement later in their careers
- have spent some time out of the workforce
- want to make additional contributions to this retirement plan.
To make any changes to your contribution amount, log on to Fidelity NetBenefits® at www.netbenefits.com/atwork or call the Fidelity Retirement Benefits Line at 1-800-343-0860 to speak with a Fidelity representative.
