You will become eligible to participate in the Plan according to the table below:

Contribution Type Age Requirement Service Requirement Entry Date
Employee Deferral Contributions and Qualified Non-Elective Contributions None 2 full months 1st day of each month
Employer Non-Elective Contributions None 2 full months 1st day of each month

Pre-Tax 401(k) Option

The traditional, pre tax deferrals feature allows you to make contributions from your paycheck before tax. Your total contributions to the plan (both 401(k) pre tax and Roth) cannot exceed IRS limits, or the plan limit, if less.

Roth 401(k) Option

Unlike your traditional, pre-tax 401(k) deferrals, the Roth 401(k) feature allows you to contribute after-tax dollars, but then withdraw tax-free dollars from your account when you retire (additional information can be found in the 401k Enrollment Guide). Your total contributions to the plan (both Roth 401(k) deferrals and traditional pre-tax contributions) cannot exceed IRS limits, or your plan’s limit, if less.

Entrance Date

If you have not enrolled in the 401(k) plans, you may do so as of the first of any month once you have completed two full months of service. Contact Fidelity for information on how to enroll, and be sure to allow time for your enrollment to be processed before the first of the month.

How Much Can I Save

If you are under 50 years of age the limit is $19,000. If you are 50 and above it is $25,000 plus up to an additional $6,000 as a catch up contribution.

Company's Contribution to the Plan

J M Smith shall make Matching Employer Contributions on behalf of each of its “eligible” participants. The Corporation may also make a discretionary contribution each year to each eligible employee’s account for the plan year.


You are always 100% vested in your rollover contributions, employee pre-tax contributions, qualified non-elective contributions and earnings on each. Your Non-elective employer contributions and earnings will be vested according to this schedule:

Years of Service Vesting Percentage
1 year 25%
2 years 50%
3 years 75%
4 years 100%

Withdrawal of Money

Withdrawals from the Plan are generally permitted in the event of termination of employment, retirement, disability, or death. Please refer to your Summary Plan Description for further details. Keep in mind that withdrawals are subject to income taxes and possibly to early withdrawal penalties.
The taxable portion of your withdrawal that is eligible for rollover into an individual retirement account (IRA) or another employer’s retirement plan is subject to 20% mandatory federal income tax withholding, unless it is directly rolled over to an IRA or another employer plan.


You may rollover account balances from a previous employer’s plan even before becoming eligible to participate in the 401(k) plans. Contact Fidelity for forms and further information.

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Checking My Balance

Fidelity Investments allows you to view your personal 401(k) accounts, and to make changes to your investment choices. Click on the logo below to get access to your account.

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Changing My Contribution

You may make contribution changes at any time by clicking on the Fidelity NetBenefits logo below and logging into your Fidelity account. Any changes in contributions become effective on the first of the month following the request for change.

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Designating My Beneficiaries

If you do not designate a beneficiary for your group life insurance, your 401(k) plans, and your elected voluntary insurance, death benefits will be paid to your estate. Each plan requires a separate beneficiary designation, so be sure to follow the instructions below for each applicable plan.

If your situation changes (through marriage, divorce, separation, birth of a child, etc.) be sure to review your beneficiary designations for each plan to make sure they reflect your current wishes.

You may make your beneficiary election or update it for your 401(k) plans on the Fidelity website at netbenefits.com.

To choose or change your beneficiaries for the 401(k) plans, you must complete Fidelity’s Beneficiary Designation Form. Click on the link to the Beneficiary Designation Form at the bottom of this section. Print a copy and submit the original to Corporate Human Resources Benefits.

There are special rules for married participants in 401(k) plans. Federal law gives spouses the right to receive 100% of any benefits payable on the death of the participant in a retirement plan. If you wish to name someone other than your spouse as a primary beneficiary, your spouse must agree by signing the spousal consent section on the back of the form and having the signature witnessed by a notary public or plan representative.

Other Resources

Plan #10997
Amy Collier Garrison, CFP
Financial Advisor
Ameriprise Financial Services
201 East Camperdown Way
Greenville, SC 29601
Mobile: 864.704.8964


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Retirement Planning Resource