THE COLLECTIVE BARGAINING EMPLOYEES OF THE NEW YORK CITY CHAPTER OF NYSARC TAX-DEFERRED ANNUITY PLAN Contribution & Employer Match

How NYC CHAPTER OF NYSARC, INC. Supports Your Retirement Savings

NYC CHAPTER OF NYSARC, INC. provides retirement savings benefits through THE COLLECTIVE BARGAINING EMPLOYEES OF THE NEW YORK CITY CHAPTER OF NYSARC TAX-DEFERRED ANNUITY 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.

THE COLLECTIVE BARGAINING EMPLOYEES OF THE NEW YORK CITY CHAPTER OF NYSARC TAX-DEFERRED ANNUITY PLAN Contribution & Match Policy

1. Employee Contribution Rates: Participants could contribute a portion of their pre-tax annual compensation, subject to a maximum amount determined by the IRC.

2. Employer Match/Contribution Conditions: If a participant completed less than five years of service and deferred at least 3% of their salary, the Employer would match 100% of the deferral up to 3% of their salary. Upon completion of at least five years but less than ten years of service and deferring at least 4%, the Employer would match 100% of the deferral up to 4%. Upon completion of ten years or more of service and deferring at least 4.5%, the Employer would match 100% of the deferral up to 4.5%.

3. Vesting Schedule/Eligibility: Participants were immediately vested in all contributions and earnings thereon. All employees, except excluded employees, were eligible to participate in the Plan immediately upon hire.