MCNEES WALLACE & NURICK SAVINGS PLAN Contribution & Employer Match

How MCNEES WALLACE & NURICK LLC Supports Your Retirement Savings

MCNEES WALLACE & NURICK LLC provides retirement savings benefits through MCNEES WALLACE & NURICK SAVINGS PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

MCNEES WALLACE & NURICK SAVINGS PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute any amount of annual compensation up to the maximum amount allowable under the Internal Revenue Code. They are automatically enrolled at a minimum deferral rate of 2% of eligible compensation, with an auto-escalation feature of 1% on each successive July 1st, up to a maximum deferral of 4%.

2. Employer Match/Contribution Conditions: The employer matches 50% of elective deferrals up to 4% of participant compensation.

3. Vesting Schedule/Eligibility: Employees are immediately vested in their contributions. For employer match and discretionary contributions, the vesting schedule varies based on years of service: less than 2 years – 0%, 2 years – 20%, 3 years – 50%, 4 years – 100% (for those who work an hour of service on or after January 1, 2020).

4. Roth 401(k) contributions allowed.