Key Features

• You are automatically enrolled at a rate of 5%
• You may change your contribution percentage or opt out at any time
• You choose whether to make your contributions on a pre-tax or Roth 401(k) basis
• Your contributions are deposited into a personal retirement account
• You decide how the funds are invested
• If no investment options are selected, your money will be invested in a life path fund based on your year of birth and the approximate date you will retire (the fund assumes your retirement date is age 65)

Company Matching Contributions

Ingram matches 100% of the first 5% of eligible compensation you contribute to your 401(k) from day one.

Pre-tax vs. Roth 401(k) Contributions

• Pre-tax: Contributions are made before taxes are withheld, reducing the amount of federal income tax you pay
• Roth 401(k): An after-tax option in which the earnings on your investments grow tax-free, provided certain requirements are met

Vesting

Your contributions and earnings are always 100% vested. After two years of service, you will become 100% vested in the company matching contributions, meaning you own 100% of the funds in your 401(k).

The Automatic Increase Program

The Automatic Increase Program can help you take even more control over your financial future. While most associates are contributing at least 5% and will get the entire company match, we urge you to not stop there, but consider taking advantage of the automatic increase program to bump up your contribution rate by an affordable amount each year. You can choose to have your contributions automatically increase 1%, 2%, or 3% each year until you reach your plan’s automatic increase maximum of 15%.

To add automatic increase to your 401(k) simply log in to your account at myplan.johnhancock.com, then select “My contributions” from the “Manage” tab. It’s that easy!