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Taking steps today to ensure your financial security tomorrow is an important part of your overall well-being. The Siegwerk 401(k) Retirement Plan helps you prepare for retirement by offering an easy, tax-advantaged way to save for your future financial needs.
Key advantages at a glance
Company match.
Siegwerk will make a matching contribution on the first 8% of your pay you contribute.
Current tax savings.
You’ll pay less in income taxes when you make pre-tax contributions.
Tax-deferred investment growth.
With pre-tax contributions, your money has the potential to grow faster.
Wide range of investment choices.
Choose how you want to invest your money.
Convenient payroll deductions.
The 401(k) Retirement Plan makes it easy to save for your future.
Eligibility and enrollment
You are immediately eligible upon your date of hire. If you don’t take any enrollment action — either enrolling yourself or opting out — within 30 days of becoming eligible, you will be automatically enrolled, and 6% of your eligible pre-tax pay will be invested in the Target Date Fund that most closely matches your retirement date, based on an assumed retirement age of 65. You may change your contribution rate and investment elections at any time by visiting the Fidelity website or calling 800-835-5097.
Automatic Increase Program
If are automatically enrolled in the plan, you will also be enrolled in the Automatic Increase Program (AIP). This program helps you get closer to your savings goal by automatically increasing your contribution percentage by 1% each year, until your contribution rate reaches 12%. If you prefer not to participate in the AIP, you can change your election on the Fidelity website or call 800-835-5097.
You may contribute between 1% and 80% of your eligible pay to your plan account, up to annual IRS limits. In 2025, the IRS contribution limits are:
- Ages 49 and under: $23,500
- Ages 50 to 59: $31,000 ($23,500, plus $7,500 regular catch-up)
- Ages 60 to 63: $34,750 ($23,500, plus $11,250 catch-up)
- 64 and older: $31,000 ($23,500, plus $7,500 regular catch-up)
These limits include your pre-tax contributions, Roth after-tax contributions, or a combination of both.
Pre-tax vs. Roth after-tax: What’s the difference?
The 401(k) Retirement Plan gives you the flexibility to save for retirement in a variety of ways. You can make pre-tax contributions, Roth after-tax contributions, or a combination of the two.
Pre-tax contributions
The money goes into your account before taxes are deducted, so you keep more of your take-home pay. Then, you’ll owe taxes on both your contributions and any investment earnings when you withdraw your money in retirement (when you may be in a lower income tax bracket).
Roth after-tax contributions
The money goes into your account after taxes are withheld. Then, both your contributions and any associated earnings can be withdrawn tax-free in retirement.*
* In order for Roth earnings to be withdrawn tax-free, you must meet these two requirements:
- At least five years have elapsed since your first Roth contribution.
- You are at least 59½ or the withdrawal follows death or total disability.
Catch up!
It’s not too late to make up for lost time. If you’ll be 50 or older this year, take advantage of the opportunity to contribute up to an additional $7,500 in catch-up contributions.
To help you reach your retirement planning goals, Siegwerk will also contribute to your account!
Company matching contributions
Siegwerk will match 100% on the first 3% of your pay you contribute, and 50% on the next 5% of your pay you contribute — for a total match of 5.5% when you contribute 8% of your pay. To receive the full company match, you will need to elect an 8% contribution rate.
Here’s how it works:
Meet the match!
Try to contribute at least 8% to take full advantage of the match — otherwise, you’re leaving free money on the table. Log in to your Fidelity account to increase your contribution rate.
Vesting is another way of saying “how much of the money is yours to keep if you leave the company.”
You are always 100% vested in your own contributions and the company’s contributions to your account, including any investment gains and losses on these contributions. This means you own all the money in your account right away.
It’s important to designate a beneficiary to receive the value of your 401(k) Retirement Plan account in the event you die before beginning to receive your benefit. As personal circumstances change, be sure to keep that information up to date. Visit the Fidelity website to add or change a beneficiary.
The money in your account is intended as a long-term investment to help you prepare for your financial needs in retirement. However, under certain circumstances, you may be able to access money from your account before reaching retirement age. For more information, visit the Fidelity website or call 800-835-5097.
Think before you act
If you’re considering taking a withdrawal or loan from your plan account, be sure to think about the impact it may have on your financial future.
- Taking money from your account now may lead to a smaller savings balance when you retire.
- Not only are you taking money away from your retirement savings, but the burden of repaying the loan may make it even harder to get back on track.
- If you take a plan loan, you’ll also lose more money to taxes because the interest payments on your loan are made with money that has already been taxed, and it will be taxed again when withdrawn from your account.
- If you withdraw pre-tax money from your plan account, in addition to paying current taxes on the money, you may have to pay an additional 10% penalty tax if you are younger than age 59½ (or, age 55 if you have retired or left the company).
Take an active role in your retirement planning by using these tools and resources.
Retirement calculator
Estimate how much you may need now and how much you may have saved for retirement.
Webcast
Learn how to make the transition from saving for retirement to spending in retirement.
Fidelity website
Track your savings and take advantage of tools and education to help you make informed investment decisions.
Before investing, carefully consider the funds’ or investment options’ objectives, risks, charges, and expenses. Call 800-835-5097 for a prospectus and, if available, a summary prospectus, or an offering circular containing this and other information. Please read them carefully. Investing involves risk, including the risk of loss.