[All_staff] TIAA-CREF 401(k) GSRA Open Enrollment Begins Today

[Rhonda Barbosa]

Attention All Regular and Term Employees:

*_
_*

*_TIAA-CREF 401(k) GSRA Open Enrollment Begins Today _*

The 401(k) Group Supplemental Retirement Annuity (GSRA) Open enrollment 
for Calendar Year 2012 will be offered for one week, beginning on 
*December 8, 2011** and closing on* *December 15, 2011.

*

Human Resources will be providing web-based enrollment for your 
convenience. To access the 401(k) GSRA enrollment link, go to the Lab's 
Insight page, under Spotlight News. Or follow this link:

https://mis.jlab.org/mis/apps/hr/gsra_enrollment/

*DO YOU NEED TO ENROLL?*

    * If you wish to contribute more or less than the 5% default
      contribution, or opt-out of this program, you must enter the
      on-line system no later than close of business (5:00pm) on
      December 15.


*WHAT HAPPENS IF YOU DO NOT ENROLL?*

    * If you *_do not_* enter the on-line system prior to close of
      business (5:00pm) on Wednesday, December 15, you will be
      automatically enrolled in the default employee 5 % contribution
      plan that is based on your current salary.

 

*_Important Updates_*:

*2012 Contribution Limits:*

    * Voluntary Employee Contribution - $17,000
    * Catch-Up Allowance (50+ years of age) - an additional $5,500
    * Total Contribution (excluding catch-up) - $50,000

*Safe Harbor Plan Participant Notice:*

    * Please review the attached Safe Harbor notice
    * Jefferson Lab is required to provide you with the 401(K) Safe
      Harbor non-elective contribution which describes plan related rules

 
If you have questions, please contact Treva Ferguson (x 7291) or Doug 
Roeder (x 7576).  You can change your contribution amount any time 
during the year by submitting a new Salary Reduction Agreement form. 
These forms are located in the Human Resources Office in the VARC building.

Regards,
Rhonda

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