Transcription of 401(k) Overview - Cat
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401(k) Overview - Cat
Caterpillar Confidential Green401(k) OverviewCaterpillar Confidential GreenCONTRIBUTIONSE mployee and EmployerCaterpillar Confidential GreenEmployee contributions Defer up to 70% of base pay Defer up to 70% of incentive payment Defer on a pre-tax and/or Roth (after-tax) basisFor Example:401(k) Plan contribution rates:Base PayPre-Tax:15%Roth:0%Incentive PayPre-Tax:0%Roth:6%Caterpillar Confidential GreenDeferral limitsRoth and pre-tax 401(k) accounts Employee annual combinedIRS contribution limit for 2018 $18,500 if under age 50 $24,500 ($6,000 additional catch-up contribution) if age 50 or over by December 31st Plan limits your contribution to 70% of eligible compensation but current taxes may limit the amount you may deferCaterpillar Confidential GreenUPoint Website: Accessible through Cat@Work orvia Name HereYour Selected Plan Name & Name of Insured(s)Your Selected Plan Name & Name of Insured(s)Your Selected Plan Name & Name o
401(k) Investment Options 11 core investment funds (includes stable principal, money market, bond, large cap, small/mid cap, international equity) including the Caterpillar Stock Fund 10 Target Retirement Fund Options Professionally managed You can only select one target retirement fund option Fund becomes more conservative over time
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