Starting July 1, you get an extra paid holiday and increased percentage company contribution to the 401(k).
Two new benefit enhancements will take effect on July 1:
- An additional paid holiday—An additional paid employee holiday has been added, for a total of 13 holidays per year. For 2018, the additional paid day will be July 5 and will coincide with the Fourth of July Independence Day holiday.
- An increased percentage company contribution to the 401(k) retirement savings—The company contribution to the 401(k) Retirement Savings Plan match has been increased. Starting July 1, if you contribute up to 7% of your income to savings, the company will match 50% of that income in a 401(k) savings account. Previously, the amount matched was 50% up to 6%. No action is required if you are already contributing 7% or more. To ensure you receive the additional match for pay dates after July 1, 2018, make sure your total contributions before 4 p.m. Central Time on June 28 are at least 7%. You can make the change by logging in to your Retirement Savings Plan account on 401k.com and updating your Contribution Amount. If you need assistance, call the Rockwell Automation Service Center at Fidelity at 1.877.765.4015 (8 a.m. to 4p.m. Central Time on weekdays). Election changes take effect in one to two pay periods.
If you have additional questions about these latest enhancements, please see the 2018 Benefit Enhancements FAQ.