Tax advantages. Company match. Convenient paycheck deductions. A more comfortable retirement. These are just a few reasons to participate in the BMC 401(k) Plan. And higher IRS contribution limits for 2015 give you even more room to save.
You must change your contribution election between December 20, 2014 and December 31, 2014, if you want new 401(k) deductions to begin with your first paycheck in January.
2015 401(k) Contribution Limits | ||
| If you are under age 50 | If you are age 50 or older |
Your before-tax or Roth 401(k) contribution limit | Maximum of $18,000 | Additional $6,000 in catch-up contributions, for a maximum of $24,000 |
Limit on total contributions (your before-tax, after-tax and Roth | $53,000 | $59,000 ($53,000 + $6,000 catch-up contributions) |
Limit on maximum amount of eligible compensation (base pay, bonuses, overtime and commissions) | $265,000 | $265,000 |
Important Note: Your participation in the BMC 401(k) Plan for 2015 will stop at the first limit you reach. Plan your contribution percentage carefully to reach the IRS limit and to receive the maximum BMC matching contribution. Watch the Maximize the Match video to learn how to not miss out on any BMC matching contributions to your 401(k) account.
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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