| Deferral/Match Calculator
INSTRUCTIONS: The 2009 calculators are for annual base earnings
$245,000 or less.
NOTE The calculator computes the % you need to defer in order
to receive BOTH the maximum 401(k) deferral allowed under the law ($16,500) and the
maximum employer match (not to exceed 3% of your eligible compensation per
pay period.)
Step 1 Click on the appropriate calculator:
For example, if you are paid on a semi-monthly basis, click on the
“Semi-monthly” calculator; if you are paid once every two weeks, click on
the “bi-weekly” calculator.
Step 2 Follow A or B
A. Prior to the beginning of the year: If you are planning your
contributions for the following year:
|
Highlighted Field
Line # |
For Participants who wish to calculate
deferral percentage for 2009 |
| I |
Enter “0” |
| II |
Enter “24” or “26” pay periods |
| III |
Enter your current annual salary |
| |
Hit “enter”, print and exit (DO NOT SAVE) |
B. If you join the plan during the year or if you have a salary
change during the year:
|
Highlighted Field
Line # |
For New Hire or First-time
Participant who Joins the Plan During the Year |
For
(a) Current Participant who had a salary change during the year,
or
(b) New Hires who participated in their former employer’s plan |
| I |
Enter “0” |
Enter YTD 401K amount from your most current pay
stub. (see under “PRE-TAX ITEMS”) or from your former employer’s
pay stub |
| II |
Enter number of remaining pay periods in the
current year. |
Enter number of remaining periods in the current
year |
| III |
• Enter your annual salary
• Hit “enter”
• Print, exit (DO NOT SAVE) |
• Enter your new annual salary
• Hit “enter”
• Print & exit (DO NOT SAVE) |
In all cases, if your annual base salary is $245,000 or less, as long
as you contribute a minimum of 3% of your eligible compensation per pay
period, you will receive the maximum employer match.
Keep in mind that the calculated percentages are only a guideline. It
does not take into consideration pay increases.
Questions? Call (808) 525-8495 or (808) 525-8468
2009 Calculators
401(k) Semi-monthly Calculator
401(k) Bi-weekly Calculator |
