401(k)

Click Here for the annual announcement regarding your investment rights with respect to any funds which you have not made an investment direction.

Enroll, set and change your investment strategy and savings rate.

  • Contribution rate changes can be made online.
  • Contribution percentage has been increased to 80%.
  • You may contribute 1% to 80%*** of your pay. If you want to increase your current contribution percentage, you can now make those changes through the Merrill Lynch website.***The contribution limit remains at 20% for Highly Compensated Employees (Employees who earned more than $105,000 in 2008).
  • The contribution limit for 2009 is $16,500.00. Those participants aged 50 or over are eligible for a catch up contribution of an additional $5,500.00.
  • You can select your delivery preferences for statements and confirmations to either receive them online only or continue to receive by regular mail. To enroll or make any of the above changes, click here.

PDS ROTH 401(k) INFORMATION
With the Roth 401(k), your contributions are made using "after-tax" compensation - after you have paid federal, state and local taxes. Therefore at retirement or termination of employment, if you meet the requirements for a qualified distribution, withdrawals of any investment earnings, as well as your after-tax contributions are tax-free.

  • PDS ROTH 401(k) Enrollment - enroll, set and change your investment strategy and savings rate via the Merrill Lynch Website.
  • PDS ROTH 401(k) Contribution Option Brochure - PDS has added a new type of contribution option to give you greater control of your retirement strategy, is the ROTH 401(k) option better for you?
  • PDS ROTH 401(k) Scenarios - Is the PDS ROTH 401(k) right for you? Review these hypothetical scenarios to decide if the ROTH 401(k) or the traditional 401(k) contributions will benefit you based on your financial circumstances, your current tax situation, and your expected tax situation at retirement.
  • PDS ROTH 401(k) FAQ - Answers to frequently asked questions regarding the ROTH 401(k).