Better than average or not?
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Your Plan at a Glance
The Cambridge Information Group 401(k) Retirement Plan
Your Employee Contributions
You are automatically enrolled in the plan at a
pretax contribution rate of 5% of eligible
compensation unless you choose to “opt out” of
the plan or you elect to contribute at a
contribution percentage other than the
automatic 5%.
If you do not elect another deferral rate, the
automatic 5% payroll deduction will increase by
1% each year. This increase will continue until
you reach a 15% contribution rate or you elect
another deferral percentage. You will be notified
of these automatic increases.
Pretax retirement plan contributions are
deducted before you pay current income taxes.
Investments grow tax-deferred and are taxed
only when you take a distribution. You can
contribute up to 85% of eligible compensation to
the pretax account.
contributions and are deducted after you pay
current income taxes. A Roth 401(k) operates
much like a Roth IRA except that, unlike a Roth
IRA, a Roth 401(k) has no income limits that
restrict participants from making contributions.
Unlike regular after-tax contributions, you can
receive the earnings in your Roth account taxfree
if you have a qualified distribution. You can
contribute up to 85% of eligible compensation to
the Roth 401(k) account.
If you are age 50 or older, you may be able to
make “catch-up” contributions to your account
of up to $5,500 in 2014.
Automatic payroll deduction withdraws your
contributions directly from your paycheck on a
pretax and after-tax basis depending upon
whether you choose to make pretax and/or
Roth 401(k) contributions.
Your total pretax and Roth 401(k) contributions
2014 (or $23,000 if you are age 50 or older),
whichever is lower.
Employer Contributions
The Company matches your pretax 401(k) and
Roth 401(k) contributions with $.50 for every
$1.00 you contribute, capping at
$6,000 annually.
All matching contributions are deposited into the
