SAVE ACTIVELY

NEWSLETTER

ACT2016

insideBreaking Down the Match

401(Yay!) - Start Saving Now

Make the 401(k) Work for You

Become A Savvy Saver

Protect Your Income

Consider Your HSA

Financial Planning Face-to-Face

Make the 401(k) Work for You You’re in control!

Happy retirement is yours for the

taking! The 401(k) Plan gives you the

flexibility to change or increase your

contributions any time and adjust

and rebalance your investments as

often as you like without paying fees.

Whatever works best for you! Max

out your match with the Company

matching contributions. Choose the

tax advantages now (pre-tax) or

later (Roth). The sooner you start

saving, the more time your money

has to grow.

Macy’s, Inc.

* The Company match percentages stated above reflect the Macy’s, Inc. national 401(k) Plan. Associates covered by a collective bargaining agreement may receive a lower match rate than the amounts indicated. Contact your union representative for more information.

Breaking Down the Match

If you haven’t maxed out your match, that means you’re missing out on earning dollars from the Company. When you

contribute 6%, the Company matches 3.5%, meaning you can accumulate

a total of 9.5% in your account each year.* But you don’t have to stop there.

Retirement experts say you should be saving 10 – 15% of your income — save

more if you can and still receive the 3.5% Company match!

— Start Saving Now

Set up your account and enroll by logging in to Benefits OnLine®

via the Save Actively page of My Benefits on My IN-SITE or at

www.benefits.ml.com. If eligible, you’ll receive an enrollment packet and you can enroll in

the 401(k) Plan.

HR SERVICES 1-800-234-MACY (6229), OPTION #1 TO SPEAK TO A MERRILL LYNCH REPRESENTATIVE

BENEFITS ONLINE ACCESS VIA THE SAVE ACTIVELY PAGE OF MY BENEFITS ON MY IN-SITE OR AT WWW.BENEFITS.ML.COM

When to start saving

If you’re a regular

full-time associate, you

can begin contributing

as soon as you’re hired

or if you move from

part-time to full-time.

What your choices are

Contribute on a

pre-tax, Roth or

after-tax basis.

Investment options

include core, targeted

and broad-based funds.

Howthe match works

After a year with

the Company and

1,000 hours, you’ll

be eligible for the

Company match.

In 2016, Macy’s, Inc. contributed nearly

$95 million to the 401(k) Plan in Company match dollars for you, our associates!

Spring 2016

ACT2016

Consider Your HSAAnnual Enrollment is right around

the corner! If you enroll in the

Live Healthy My Choice Plans,

consider contributing to the Cigna

Choice Fund Health Savings

Account (HSA). The HSA is triple-

tax-advantaged — that means

contributions to your HSA are

tax-free, earnings on your HSA

balance are tax-free and withdrawals

for qualified medical expense are

tax-free. Plus, your HSA stays with

you year after year, even if you leave

Macy’s. Think of it as another way to

save for your retirement.

Become a Savvy SaverBudget. Prioritize. Rainy day fund. Reduce debt. These are all words or

phrases that may come to mind when you think about your finances. And

that’s what your fellow Macy’s, Inc. associates are doing to stretch their

hard-earned dollars. Take it from your coworkers — smart saving is worth it!

** Certain restrictions, limitations and pre-certifications may apply.

Spring 2016

Financial Planning Face-to-FaceSometimes planning your finances can

feel like a real headache. Macy’s, Inc. is

here to help take away the pain without

you having to leave the office. For the

second year, select locations will

offer Save Actively on-site visits with

Merrill Lynch. This is a convenient

opportunity to talk face-to-face with

a financial expert. Build a smart

savings and spending plan that

works best for your lifestyle, discuss

debt reduction, investing, retirement

options, budgeting and more.

First, I list out my priorities, starting with the more important

ones, such as my family’s health and my children’s education.

Then I divide my savings into four equal parts: 1) Emergency

funds for any unpredictable situation, 2) Education and medical

needs, 3) My children’s education and 4) Extra savings so I can

help my parents and siblings if something unexpected happens.

—Manpreet K., Bloomingdale’s Stores

“ “

I participate in two savings strategies — Save for Emergencies and Be

in Control of Your Debt. A set dollar amount is direct deposited into

one account to set up my emergency fund. I also have money directly

deposited into my HSA. I do not “miss” this money since it is automatically

taken from my paycheck. I never pay the minimum due on my charge

card, and I have alerts set up to notify me when the due date is close,

so I always pay on time. —Sharry M., Macy’s Stores

“ “

Save Actively NEWSLETTER

Protect Your IncomeBeing smart with your finances is more than saving for retirement

and spending your money wisely. Protecting your income for both

you and your family is important, too. And Macy’s, Inc. offers you

ways to be prepared for life’s unexpected twists and turns.

You can enroll in any of these during Annual Enrollment or when

you’re first eligible.**

• Short-TermDisability(STD) replaces a portion of your pay for up

to 26 weeks.

• Long-TermDisability(LTD) replaces a portion of your pay for an

extended period of time after STD coverage ends.

• LifeInsurance, in the event of your passing, pays money directly to your

beneficiaries to help cover day-to-day expenses. You may also cover

immediate family members, and the money is paid directly to you.

• AccidentalDeath&Dismemberment pays money directly to you or

your beneficiaries for accidental death, paralysis, loss of limb(s), sight

and hearing.