Help boost your contribution amount automatically: the annual increase program allows you to increase contributions to your 401(k) retirement savings plan automatically each year. It’s an easy way to help keep yourself on track as you get closer to retirement.
How does the annual increase program work?
Choose the amount and date for your annual increase, and the rest is automatic. Each year on the designated date, your contributions will increase by the amount you elected.
How do I enroll?
To enroll in the 401(k) Annual Increase Program, log on to NetBenefits or call 800-835-5098 to choose the amount and select the date for your annual increase. Choose an annual increase of 1 percent or 2 percent and time it to coincide with your annual review or pay increase. The system follows through by automatically increasing your contribution on your selected date each year.
You can change or withdraw from the program at any time by calling the same telephone number or logging into the same website.