Retirement
CCMC offers a 401(k) retirement savings plan, which is administered by John Hancock.
Eligibility
You are eligible to participate in the plan on the first of the month following 60 days of employment with CCMC and if you are at least 21 years of age.
Employee Contributions
You are able to contribute to a 401(k) plan through the ease and convenience of payroll deductions. CCMC will continue to match 25% up to the first 15% of your contribution. This is subject to change at any time. On a monthly basis, you are able to change the percentage of your contribution and re-enter the plan if you had previously stopped contributions. At any time, you are able to stop future contributions.
*This chart assumes tax withholding of 25%. Individual taxpayer circumstances may vary. This is for illustrative purposes only.
Deferral Amount Changes
Employees can change the deferral amount of their paycheck online at myplan.johnhancock.com. If you need an immediate change please contact People Operations.
Vesting Schedule
- Less than 1 year: 0%
- 1 year: 20%
- 2 years: 40%
- 3 years: 60%
- 4 years: 80%
- 5 years: 100%
For More Information
For additional details about the 401(k) retirement savings plan or to enroll or change your contribution rates or investment elections, please contact People Operations.
Resources
TBD
How To Enroll
To enroll in benefits, log into workforcenow.adp.com and follow these steps:
- Enter your User ID and Password, and then click "Sign In."
Note: If this is your first time logging in, click the "Sign Up" button. If you are unsure of the registration code, please contact People Operations. - You will be asked questions regarding you and your family, including their birthdates and possibly their Social Security numbers and phone numbers.
- Don't forget to designate your beneficiaries, including primary and secondary, if applicable.
- Compare your plan options and choose the best benefit plan for you and your family. When you are ready to confirm your selections, click "Submit Enrollment."