RETIREMENT SAVINGS PLAN
The GEON 401(k) plan can help you prepare for a secure retirement. The plan allows you to contribute a portion of your salary towards your retirement. To help you achieve your financial goals, GEON will match your contribution up to certain limits.
Take some time during the annual enrollment process to consider if you want to make any changes to your 401(k) elections. It’s personal! Think about your goals and your situation.
Ask yourself these questions to help identify positive steps you can take towards your retirement:
- What kind of retirement do you want to have?
- When do you want to retire?
- How much risk are you willing to take to achieve your goals?
- Has your life situation changed recently? A new house, illnesses, children, care for loved ones, and more can all impact your approach.
- Have your personal finances changed?
Resources
Beneficiaries
- Make sure your beneficiary is up to date.
- Without a beneficiary on file, you lose control over what happens to your account if you pass away.
- Even if you have a will, it cannot indicate your 401(k) beneficiary. Make sure your money is handled according to your wishes.
Investments
- Make sure your investments are consistent with your risk appetite and with your life situation.
- The plan provides a menu of diverse options that allows you to take total control or to take a hands-off approach.
- Options include stock and bond mutual funds, target date funds, brokerage account and managed savings.
Contributions
- Consider increasing your contribution rate.
- If you are contributing less than 6%, you’re missing out on matching contributions from GEON.
- Even a 1% increase will get you closer to your retirement goals.
To change or update any of these elections, please contact Fidelity using the information below.
Do you need help? Do you want more information?
Fidelity Investments administers our 401(k) plan. You can change your contribution rate, update your investments, request account statements, get information about the plan and much more when you contact them by phone or online. Fidelity is available to provide guidance, education and assistance as you consider changes to your 401(k).
By phone: 1-800-835-5095 8:30 am–8:30 pm, eastern time zone, most business days
Online: netbenefits.com, 24 hours a day
