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Review your 401(k) special elections for 2022 profit sharing.
Posted On: May 09, 2023
What’s new: For U.S.- and Canada-based team members, your May 26 profit-sharing payout is eligible for 401(k) special elections.
Why it matters: Special elections enable you to contribute to your 401(k) account at a percentage higher than you may typically contribute from your regular pay.
This is a great way to achieve your retirement savings goals and, if applicable, will count toward the overall company match you are eligible to receive.
The bottom line: Review or update your special election contribution percentages on NetBenefits by Friday, May 19, at 4 p.m. ET. The percentage on file at that time will apply to your payout. Contributions will post to your Fidelity 401(k) account on May 31 and be visible to you on June 1.