3
1 GE Benefits 07/19/22 • Invest 1% – 30%* of your pay, in any whole percentage, in any combination of the various investment options currently available • Choose to contribute on a pre-tax, Roth and/or after-tax basis • Company matches 50% of your contributions up to the first 8% of pay you save ($.50 for every $1.00 you save up to 8%; maximum match is 4% of pay) • Company Retirement Contribution (CRC) is equal to 3% of pay* • Choose a Target Retirement Date Fund or manage your own investment mix Your contributions and Company match are vested immediately – you have the right to your full balance when you leave the Company; Company Retirement Contributions generally vest after three years Active employees who will be age 50 or older by December 31 st of a calendar year are eligible to enroll in S&SP Catch-Up contributions for that year to save more pre-tax and/or Roth dollars (note: no company match on catch-up contributions) GE Savings and Security Program (S&SP) *certain restrictions may apply For salary core/5a new hires after 1/1/2011 only

1 GE Benefits 5/24/2015 Invest 1% – 30%* of your pay, in any whole percentage, in any combination of the various investment options currently available

Embed Size (px)

Citation preview

Page 1: 1 GE Benefits 5/24/2015 Invest 1% – 30%* of your pay, in any whole percentage, in any combination of the various investment options currently available

1 GE Benefits

04/18/23

• Invest 1% – 30%* of your pay, in any whole percentage, in any combination of the various investment options currently available

• Choose to contribute on a pre-tax, Roth and/or after-tax basis

• Company matches 50% of your contributions up to the first 8% of pay you save ($.50 for every $1.00 you save up to 8%; maximum match is 4% of pay)

• Company Retirement Contribution (CRC) is equal to 3% of pay*

• Choose a Target Retirement Date Fund or manage your own investment mix

• Your contributions and Company match are vested immediately – you have the right to your full balance when you leave the Company; Company Retirement Contributions generally vest after three years

• Active employees who will be age 50 or older by December 31st of a calendar year are eligible to enroll in S&SP Catch-Up contributions for that year to save more pre-tax and/or Roth dollars (note: no company match on catch-up contributions)

GE Savings and Security Program (S&SP)

*certain restrictions may apply

For salary core/5a new hires after 1/1/2011 only

Page 2: 1 GE Benefits 5/24/2015 Invest 1% – 30%* of your pay, in any whole percentage, in any combination of the various investment options currently available

2 GE Benefits

04/18/23

S&SP Key Features

*certain restrictions may apply

•Contribution amount – flexibility to increase or decrease savings rate with each paycheck

•Manage your investment mix•Change investment choices for future payroll contributions, company

match and CRC at any time•Exchange your accumulated savings between investment choices – can

do 12 per quarter, can’t exchange into US Savings Bonds•Rebalance your account or sign-up for Automatic Rebalancing

•Access S&SP loans – Can have two outstanding at any time

•Make in-service withdrawals*

•CRC available for distribution from S&SP account only after you leave employment with GE; not available for loans, hardship or regular in-service withdrawals

•Participate in the GE Stock Fund Dividend Cash Payout Option

•View your account balance or generate an online statement at any time

GE S&SP Service Center 877-554-3777 or online – benefits.ge.com – My GE S&SP

For salary core/5a new hires after 1/1/2011 only

Page 3: 1 GE Benefits 5/24/2015 Invest 1% – 30%* of your pay, in any whole percentage, in any combination of the various investment options currently available

3 GE Benefits

04/18/23

S&SP Investment Education and Tools• www.SoWhatsYourMix.com - Learn about Target Retirement Date Funds and all the S&SP investment options

• Investment Options - Plan Information and Documents, and Investment Choices and Research

• See what your retirement income might be with the Retirement Quick Check and Retirement Income Planner

• Check your investment mix with Portfolio Review• Fidelity eLearning Workshops• Access Fidelity’s investment education and tools

Online - Visit benefits.ge.com and click on S&SP, then My GE S&SP, then GE S&SP, then Tools and Learning

Phone consultations - You can also arrange a phone consultation with a Fidelity representative to help you get started; contact the GE S&SP Service Center at 1-877-55-GESSP (1-877-554-3777) to learn more

Access pre-recorded S&SP retirement planning workshops online at the MY GE S&SP Web site. Click on GE S&SP >

Tools and Learning > eLearning > On-Demand Workshops

For salary core/5a new hires after 1/1/2011 only