The BMC 401(k) Plan is one of the best ways to save and invest in your future. And higher IRS contribution limits for 2013 give you even more room to save.
| If you are under age 50 | If you are age 50 or older | |
|---|---|---|
| Your before-tax or Roth 401(k) contribution limit | Maximum of $17,500 | Additional $5,500 in catch-up contributions, for a maximum of $23,000 |
| Limit on total contributions (your before-tax, after-tax and Roth 401(k) contributions plus BMC's matching contributions) | $51,000 | $56,500 ($51,000 + $5,500 catch-up contributions) |
| Limit on maximum amount of eligible compensation (base pay, bonuses, overtime and commissions) | $255,000 | $255,000 |
Important Note: Your participation in the BMC 401(k) Plan for 2013 will stop at the first limit you reach. Plan your contribution percentage carefully to reach the IRS maximum and to receive the maximum BMC matching contribution. To learn more, watch this video about the BMC 401(k) Plan and use the BMC Retirement Savings Calculator.
Remember, you must change your contribution election between December 20, 2012 and January 2, 2013 if you want new deductions to begin with your first paycheck in January.
MyBMC Rewards provides a snapshot of your pay, retirement benefits, health and insurance benefits and corporate programs. Visit MyBMC Rewards to:
Go online anytime or call 877-262-4849. Representatives are available from Monday through Friday, 8 a.m. to 9 p.m., Eastern time.
From enrollment reminders to important 401(k) information and benefits updates, you can be the first to know when your attention or action is required.