Good: For example, if you earn $100,000 annually and save $1,042 each pay period (25% of eligible pay) in your BMC 401(k) Plan, you will meet the 2016 IRS limit of $18,000 by September 15 and accumulate $3,542 in company match contributions. Way to go!
Better: If you spread out your savings over the year and save $750 or 17% of eligible each pay period, you will meet the 2016 IRS limit of $18,000 by the end of the year and accumulate $5,294 in company match contributions — that’s $1,752 more for you because you didn’t hit the IRS limit in September. Way to save!
Use the BMC Retirement Savings Calculator to calculate the deferral percentage you need in order to contribute the maximum annual amount allowed by the IRS into your plan. Check your current pay stub for your year-to-date contributions. Watch the Maximize the Match video to learn more.
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.
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BCBSTX ResourcesOther Resources/ServicesView recorded WebEx presentations on benefits topics.
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BCBSTX ResourcesOther Resources/ServicesView recorded WebEx presentations on benefits topics.
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BCBSTX ResourcesOther Resources/ServicesView recorded WebEx presentations on benefits topics.
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BCBSTX ResourcesOther Resources/ServicesView recorded WebEx presentations on benefits topics.
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BCBSTX ResourcesOther Resources/ServicesFind FAQs, rates, benefit provider websites and more.
BCBSTX ResourcesOther Resources/ServicesView recorded WebEx presentations on benefits topics.