Retirement

Because we’re all living longer than ever before, it’s going to take even more money to support our retirement. The secret to a financially secure retirement is to start saving now. A consistent savings plan throughout your career is the foundation for security during your retirement years. A 401(k) plan can be a powerful tool in promoting financial security in retirement. Our 401(k) plan is designed to help you reach your investment goals.

How the 401(k) Plan Works

You may contribute up to 90% of your earnings, not to exceed $18,000, the limit for 2015, (or $24,000 if over age 50) as set by the IRS. You may change the amount of your contributions anytime. All changes will become effective as soon as administratively feasible and will remain in effect until modified or terminated by you. You may discontinue your contributions anytime. Once you stop contributions, you may start again anytime. You also decide how to invest the assets in your account and you may change your investment choices anytime. For more details refer to your 401(k) Enrollment Guide.

Catch-up Contributions

If you are or will be age 50 or older in this calendar year and contribute the maximum allowed to your account, you may also make “catchup contributions” to your account. The catch-up contribution is intended to help you accelerate your progress toward your retirement goals. The maximum catch-up contribution is $6,000 for 2015. See your plan administrator for more details.

Enrollment

Enrollment is done online at the Sample Participant website www.website.com or you can also call 800-000-0000.

Vesting

Your contributions are always 100% vested.

Rollovers

Rollovers from other retirement accounts are allowed. Contact your plan administrator for more information.

Loans

Loans are allowed on the plan. You may borrow up to 50% of your vested account balance. The minimum allowable loan amount is $1,000, and the maximum allowable loan amount is $50,000. Contact your plan administrator for more information.

Withdrawals

Withdrawals are only allowed under the following circumstances:

  • Retirement
  • Age 59 1/2
  • Termination of service
  • Financial hardship
  • Medical expenses
  • Purchase of principal residence
  • Prevent eviction or foreclosure
  • College tuition
  • Casualty loss to principle
  • Funeral or burial expense
  • Disability
  • Death

Investment Options

You may direct your contributions to any of the investments offered within the Glam Media 401(k) plan. Changes to your investments can be made through the Sample Participant website www.website.com or by calling 800-000-0000.