Allows you to save for retirement and benefit from the Company’s matching contributions
Provider Name: Newport Group
Plan Name: Duff & Phelps Savings Plan
Newport Group's Participant Service Center: 1-888-401-5488
Participant Website: Click Here
Additional Helpful Information:
- Savings Plan Enrollment Guide: Click Here
- Duff & Phelps Savings Plan Summary Plan Description (SPD): Click Here
- Form to Rollover Your Balance from the Corporate Risk Holdings 401(k) Plan to the Duff & Phelps 401(k) Plan: Click Here*
*If you are a new hire and want to rollover your prior employer's 401(k) account balance into the Duff & Phelps 401(k) Plan, contact the Newport Group at 1-888-401-5488 to obtain the rollover form.
2018 401(k) Contribution Limits:
The IRS limits the amount that you may contribute on a pre-tax basis and Roth after-tax basis to 401(k) Plans each calendar year. For 2018, the limit is $18,500.
If you are age 50 or older during the year, you may contribute an additional $6,000 in pre-tax and/or Roth after-tax catch-up contributions for a total of $24,500 in 2018.
- These IRS limits include any amounts you may have contributed to a prior employer’s retirement plan. For example, if you are a new hire and contributed $5,000 to your prior employer’s 401(k) Plan in 2018, this amount counts towards your $18,500 limit.
- The payroll system will stop your contributions if you reach the annual IRS limit and will automatically restart your contributions beginning with the first paycheck in the following calendar year. If you are a new hire in 2018, the payroll system will not take into account any amounts you may have contributed under a prior employer’s 401(k) plan.
- The above referenced IRS limits apply to employee pre-tax contributions and employee Roth after-tax contributions only. They do not include traditional after-tax (non-Roth) contributions and employer match.
