Results for Retirement Savings Plan

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Savings Plan Change to Investment Direction of Company Match

Effective Jan. 1, 2018, Company matching contributions in the Rockwell Automation Retirement Savings Plan will no longer be directed into the Rockwell Automation Stock Fund.

Beginning with the first Company matching contributions invested Friday, Jan. 5, 2018, Company matching contributions will be invested according to your investment elections on file at Fidelity Investments®. Read the attached notice for more information. If you have questions, call Fidelity at 1.877.765.4015 (hours are 7:30 a.m. to 11:00 p.m. Central Time, Monday through Friday).

401(k) Plan Eligibility

The Rockwell Automation Retirement Savings Plan—the 401(k) Plan—is available to all employees, including those who are scheduled to work less than 20 hours per week. After 30 days of employment, you are automatically enrolled at a 3% pre-tax contribution rate (unless you make an election).

401(k) Contributions

You have three 401(k) options: pre-tax, Roth 401(k) after-tax and regular after-tax. Pre-tax contributions reduce your taxable income. Roth 401(k) after-tax and regular after-tax contributions are also available.

When You Can Contribute

As of your hire date, you are immediately eligible to make pre-tax, Roth 401(k) after-tax or regular after-tax contributions. About a week or so after your start date, your information will be set up in the Fidelity system.

Auto-Enrollment

If you don’t make any elections, you will automatically be enrolled at a 3% pre-tax contribution rate after you’ve worked at Rockwell Automation for 30 days. Your contributions will be invested in a default target fund, based on your birth date and target retirement date.

You’ll receive more information and an auto-enrollment notification letter from Fidelity approximately two weeks after your hire date. If you’d like to opt out of automatic contributions, you must change your contribution rate to 0% by the date noted on the notification letter. Contributions made to the Retirement Savings Plan cannot be refunded to you.

What Gets Taxed?

The type of contributions that you make to your Retirement Savings Plan (401(k) Plan) account determines what gets taxed when you receive the money. Refer to the Retirement Savings Plan SPD for more details about the tax treatment of your account. You can download it by logging into your account or calling Fidelity.

Types of Taxable Retirement Savings Plan Contributions

  • Any type of pre-tax contribution (including pre-tax catch-up and rollover contributions) and investment earnings on those contributions
  • Investment earnings on any type of after-tax contribution
  • Investment earnings on any type of Roth after-tax contribution if the money has been in your account for less than five years and/or you receive the money before age 59½
  • Company matching contributions, other company contributions and investment earnings on all company contributions

Types of Non-Taxable Retirement Savings Plan Contributions

  • Any type of after-tax contribution (including rollover contributions)
  • Any type of Roth after-tax contribution (including Roth after-tax catch-up and rollover contributions)
  • Investment earnings on any type of Roth after-tax contribution as long as the money has been in your account for at least five years and you receive it after age 59½

Change Your Contribution Amount

You can change your contribution amount or stop contributing altogether anytime throughout the year. If you leave Rockwell Automation, you can take your benefit with you or roll it over to an IRA, 401(k) or other qualified plan.

Your contributions to other plans, like a 401(k), 403(b) or 457(b), can be rolled into the Retirement Savings Plan. Contact Fidelity for details.

Automatic Payroll Deductions

Automatic payroll deductions help you save before you spend. You can save anywhere from 1 – 50% of your pay (up to $19,000 in 2019). You also can contribute an additional $6,000 in catch-up contributions if you are age 50 or older.

Company Contributions

Two types of company contributions can be made to your Retirement Savings Plan account: a matching contribution or a Non-Elective Employer Contribution (NEC). You own (are vested in) 100% of these company contributions after completing three years of employment with Rockwell Automation, based on your hire date. You always own 100% of your own contributions.

Matching Contributions

Rockwell Automation will match 50 cents on every $1.00 on the first 7% of pay you contribute each pay period.

Non-Elective Employer Contribution (NEC)

If you were hired or rehired on July 1, 2010 or later, Rockwell Automation will automatically contribute 3 – 7% of your eligible pay once a year. This contribution depends on your age and how long you have worked for the company as of Dec. 31. If you are an employee on the last day of the year, Rockwell Automation will make a contribution. You do not have to contribute to the Retirement Savings Plan to receive this NEC. If you do not choose investment funds for this contribution, it will be automatically invested in a default fund based on your target retirement date. The contribution to your Retirement Savings Plan account is generally made the following year at the end of March (for example, the 2019 NEC contribution will be deposited in March 2020).

The following shows the NEC contribution percentages based on the total age + service points (as of Dec. 31):

<40: 3%
40 – 59: 4%
60 – 79: 5%
80+: 7%

IRS Limits

The IRS puts limits on how much individuals can contribute to employer-sponsored 401(k) plans.

The limits are as follows:

For 2019:

Your Contributions: $19,000

Catch-up Contributions (if age 50 or older in 2018): $6,000

Total Annual Contributions: $56,000

Maximum Eligible Compensation (maximum amount of compensation eligible for contributions to the plan): $280,000

Understanding IRS Limits

It’s important to understand these limits and how they may affect any future contributions to your Retirement Savings Plan account. Different rules also apply for highly compensated employees. For more information on IRS limits and how they may affect you, please consult the Retirement Savings Plan Summary Plan Descriptions or call the RASC.

When You Can Expect Your Distribution

Your distribution request (direct rollover or cash payment) from your Retirement Savings Plan account will be processed in one to two business days. It may take one to two weeks for you to receive it.

Retirement Summary Plan Descriptions

The following Summary Plan Descriptions have details about what happens to your coverage when your employment with Rockwell Automation ends and are available on EmployeeConnect > Your Benefits ResourcesTM or by calling the RASC:

  • Rockwell Automation Pension Plan
  • Rockwell Automation Savings Plan (the 401(k) Plan)
  • MetLife Dental
  • Flexible Spending Accounts
  • Life and AD&D Insurance
  • STD and LTD