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401(k)

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All employees are eligible to participate in the World Wide Technology, Inc. 401(k) plan administered by Merrill Lynch. To enroll, you can either go online at https://www.benefits.ml.com or you can call the Participant Service Center at 800.228.4015 between 8:00am and 7:00pm ET.

Here are some highlights about the plan:

  1. You can start contributing to the plan on the 1st of the month, following 90 days of employment. You may rollover funds from another qualified plan at anytime.
  2. You can set aside from 1% to 90% of your salary automatically through regular payroll deduction.
  3. You have four options for your contributions:
    • Traditional – Your deductions from your paycheck are pre-taxed. You pay taxes on your remaining salary, so you’ll save on taxes while you are saving for retirement.
    • Roth – You pay regular income tax on your contributions before the money goes into your account. Current taxable income is not reduced.
    • After Tax – This option allows you to make contributions above the IRS limits each year.
    • Traditional/Roth Combination – You can contribute part to Traditional and part to Roth.
  4. WWT provides a discretionary match dollar for dollar up to 6% of your compensation contributed to the plan. This match is applied by March 31st of the following year.
  5. You are always 100% vested in your Elective Deferral and After-Tax Contributions. There is a five year vesting schedule for your Employer Matching Contributions.
  6. You will receive quarterly statements that reflect any recent activity on your account.
  7. You will have access to your account information online at https://www.benefits.ml.com.
  8. You may contact Sean Meagher, Merrill Lynch Financial Advisor, at 314.290.5740, if you have questions regarding the investment choices.
  9. Visit Benefits U on United for detailed plan information.