January 2015 News Bites

  • It’s not too late to sign up for our January retirement webinar. The first webinar in our 2015 retirement webinar series—Getting on the Right Path With Your Workplace Savings Plan—will be held on Wednesday, Jan. 28, at 11 a.m. Central time. Registration is limited to the first 300 registrants, so sign up soon! (You have to log in to the Fidelity website to register.)
  • Your 2014 W-2 will be available later this month. If you requested an electronic version, your W-2 will be on EmployeeConnect (under the “Your Pay” tab) by Jan 31. Otherwise, your W-2 will be mailed to your home address on Jan. 31 with delivery by Feb. 15.
  • The IRS recently increased the 401(k) plan limits for 2015. Now you can save up to $18,000 (up from $17,500) in either pre-tax or Roth after-tax contributions, or in a combination of both. If you’ll be age 50 or older in 2015, you can save up to an additional $6,000 in catch-up contributions (up from $5,500). To learn more or increase your contributions, visit 401k.com.
  • Have you had “the talk” with your parents or adult children? It’s important to have family discussions about retirement security, elder care and estate planning so you know your parents’ wishes and your adult children know yours. This Fidelity article helps you decide when and how to have those conversations.
  • Fidelity will mail 2014 year-end Retirement Savings Plan statements to your home address later this month. You can also request online statements at any time by visiting 401k.com and logging in to your account.
  • Check your payroll deductions. It’s a good idea to review the health care deductions on your first paycheck in January. If something is inaccurate, call the Rockwell Automation Service Center at 877.OUR.RASC (1.877.687.7272).