A traditional 401(k) is a retirement savings plan provided by an employer. Employees can make pre-tax contributions to a 401(k) through payroll withholding. Employers may make contributions to employees’ accounts. A 401(k) plan is more than a savings account. Employers select a mix of investments for employees to choose from. These investments may help grow your retirement savings over time. Your contributions and earnings are not taxed until you withdraw the money, usually at retirement age when you’re no longer earning an income. Funds from your 401(k) retirement savings plan can replace your income in retirement. Talk with your employer or financial professional to learn more about how you can maximize your retirement savings. Retirement Smarts. Brought to you by Ameritas

A 401(k) is a retirement savings plan provided by an employer. Employees can make a Roth contribution with after-tax dollars to a 401(k) through payroll withholding. Employers may make matching contributions to employees’ accounts. A 401(k) plan is more than a savings account. Employers select a mix of investments for employees to choose from. These investments may help grow your retirement savings over time. Since you already paid taxes on your contributions, withdrawals can usually be made tax free at retirement age. The key difference between a traditional 401(k) and a Roth contribution to a 401(k) is when you pay taxes on your contributions. Roth contributions to a 401(k) may benefit individuals in a low tax bracket who anticipate moving into a higher tax bracket during retirement age. Talk with your employer or financial professional to learn more about how you can maximize your retirement savings. Retirement Smarts. Brought to you by Ameritas

An employer match is a financial contribution your employer makes to your retirement plan. The amount is based on your salary and how much you contribute to your plan. Employers can match contributions to an employee’s retirement plan in multiple ways. Employers typically determine matching contributions by a percentage of the employee’s contribution, to a certain limit. For example, if your employer matches up to 6%, you will get the full benefit of the match if you contribute 6% of your salary to your retirement plan. If you contribute over 6% of your salary, the company match maximum remains 6%. If you contribute less than 6%, the employer will only match what you put in, which is like rejecting free money. Talk with your financial professional to learn more about how you can maximize your retirement savings. Retirement Smarts. Brought to you by Ameritas

For business owner, Corry Lawler, providing financial wellness for employees was a priority since day one. Corry is the chief executive officer of a general, all-purpose construction firm located in Sackets Harbor, New York. Lawman Heating and Cooling, Inc. was founded and run by Corry’s father, Mike Lawler and his partner, Ray Chapman. Corry recalls a meaningful memory when he knew he wanted to run his father’s growing business. As a teenager working in the office sweeping floors, Corry saw his father help an employee struggling to make ends meet before his next paycheck. Mike gave the employee $100 out of his own pocket. This same memory would eventually define Corry’s own leadership style. “From that point in time, I wanted to be that guy,” explains Corry. “I wanted to be the guy that helped the culture of the company and takes care of the men. That’s where my philosophy really started. If you take care of the men and the people that work for the company, the rest of it will take care of itself.” When Corry filled his father’s role as CEO of Lawman Heating & Cooling, Inc., business benefits planning became Corry’s top priority to take care of his team. Corry worked with financial professional, Kim Allen, LUTCF, of United Professional Advisors and Ameritas to create a retirement benefits package that would replace their outdated pension program with a modern 401(k) plan. “Partnering with Kim and the Ameritas team has been really beneficial,” said Christa Eisel, controller at Lawman Heating and Cooling, Inc. “Benefits are such an important part of any kind of employment. I think employees start to see now that it really makes a difference having a team in place that has their best interests at heart.” Having a comprehensive retirement savings program also assists with Lawman Heating and Cooling, Inc.’s employee retention strategies. With a shortage of skilled tradesmen, recruiting and retaining in the construction field is difficult. Corry understood a robust retirement plan shows employees the company is invested for the long-haul. Employee retirement education was a vital part of this process, too. Not only did Corry want to provide his team with the right plan, he also wanted to increase employee financial literacy. “When Kim took over our plan he really helped me with the culture and really explained to them [employees], this is what you can do, this is for your future.” Ameritas is proud to be a part of this fulfilling life story for Corry Lawler and the whole Lawman team. Our Story: https://www.ameritas.com/about/our-story/ Learn More: https://www.ameritas.com/industry-professionals/retirement-plans/