The truth is we all have to take responsibility for our future.

And that includes making sure we have the income we’ll need in retirement. With Social Security estimated to provide, on average, a little more than 35%, the rest of your retirement paycheck is up to you through personal savings and other retirement income sources – including Individual Retirement Accounts (IRAs) and employer provided plans like the ABC Organization Retirement Savings Plan. By contributing to your 401(k) Savings Plan now, you’ll be taking a great step toward building your savings for tomorrow.

Every dollar you save before-tax reduces your current taxable income by a dollar.

Because you contribute to your ABC Organization Retirement Savings Plan on a before-tax basis (that is, before taxes are taken out of your paycheck), every dollar you save reduces your current taxable income by a dollar. This means you end up paying less in taxes today. It’s almost like you’re saving for your future at a discount. You pay taxes on your savings and earnings at withdrawal.

You also have the option of making Roth contributions which are deposited to your account after being taxed. With Roth contributions, you pay no additional taxes ever – even at withdrawal*.

For more information on the Roth 401(k) after-tax contribution option, please log on to the Plan website at https://ABC.voyaplans.com and click on Plan Information > Forms > Roth 401(k) to download the Roth 401(k) after-tax Fact Sheet.

* For Roth contributions and earnings to be eligible for tax-free withdrawals, your initial Roth deposit must have been in your account for at least five years and you must be at least age 59½ (or in the event of your disability or your death).

Maximize your match, maximize your savings.

The Company will match 125% of your before-tax, Roth, and/or after-tax contribution up to 6% of your annual base pay for the payroll period in which such contributions are made. These matching contributions will be made as soon as you contribute to the Plan. Matching contributions are invested according to your current investment election(s).

Starting right now can make a huge difference.

Why? Because the longer you save, the more time your savings have to grow – and earn returns that go back into your account where they can earn more returns. It’s called compounding.

And with the Plan, your before-tax savings and Company matching contributions, as well as returns, grow tax-free until withdrawal. Eligible Roth contributions and their earnings are tax-free at withdrawal. Regardless, whether before-tax or Roth^*, you benefit from “tax-deferred” compounding.

Look what saving $200 a month could mean to you!

* For Roth contributions and earnings to be eligible for tax-free withdrawals, your initial Roth deposit must have been in your account for at least five years and you must be at least age 59½ (or in the event of your disability or your death).

Vesting is a term for ownership of your account balance.

You’re always 100% vested in your contributions and related earnings.

You are 100% vested in the Company match contributions after 4 years of service.

The full vesting schedule is detailed in the chart to the right.below.