Retirement Savings Plan
Below are plan related documents and notices to help you better understand your Graham Retirement Savings Plan. As a reminder, at Graham Packaging we know that getting started saving for retirement can be the hardest part, which is why we automatically set your savings rate once you become eligible, unless you elect otherwise, and offer personalized retirement planning advice, through a program called Target My Retirement, to help you reach your goals.
However, there are still a couple of things you need to do to help make sure your account is in order:
- Secure your account at principal.com/login. By enabling 2-factor authentication, you can help prevent cybercriminals from accessing your account.
- Designate a beneficiary at principal.com/beneficiary
Remember, you can make changes to your beneficiary(ies), contribution or investment options any time. Click here to log in to your account with Principal® or download the Principal® app by visiting principal.com/OnTheGo or searching for it on Google Play and the Apple App store.
For more information about Target My Retirement click here or watch this short video. When you’re ready for your personalized advice, log in to principal.com/myretirement.
Stretch Your Contributions to Maximize the Company Match!
The IRS limits how much you can contribute to your 401(k) each year. Once you hit this limit, your contributions and the company match are paused for the rest of the year. So, if you reach the limit early in the year, you may miss out on valuable retirement contributions from your employer.
Click here to access a fillable form that will help you spread your contributions out throughout the year, rather than hitting the IRS limit early, so you can save up to the IRS limit while taking full advantage of the company match. Note if you’re age 50 and above: Catch-up contributions require a separate dollar amount election. If you plan to take advantage of catch-up contributions, you may want to calculate your regular contribution rate separately from your catch-up contribution dollar amount.
