TOTAL is raising our 401K retirement matching plan. Matching will increase to 50% of the first 4% you contribute. That’s up from 50% of the first 3% you contribute.
The Xpress Savings 401k plan helps you build savings for the future with advantages that include investment choices, tax advantages, and investment advisors. If you’ve been with us at least 6 months and are over 18, you can save up to 75% of your base salary on a pre-tax basis, subject to an annual IRS maximum of $18,500 in 2019.* If you are age 50 or older, you can save an additional $6,000 pre-tax. These IRS limits are increased periodically.* There are a variety of investment funds to choose from that feature different levels of risk and return. You can choose either a Traditional or Roth 401 dependent on your needs and expected tax rate at retirement.
To enroll call (888) NROLL-12 or log on to my.trsretire.com. If you are already participating, you can call (800) 755-5801 to get a personal identification number (PIN) and access your account through the voice response system.
You do not have to wait till open enrollment! If you have completed at least 6 months of continuous service, you may join at any time during the year. Take charge of your future now by joining the Xpress Savings 401(k) Plan today!
*Subject to change based on IRS guidelines.