Did you know City Electric Supply Co., Inc. generously matches contributions to your 401(k) retirement plan account? Without such contributions, you still receive the many tax-advantaged benefits of saving for retirement through your 401(k) plan. But with CES's matching contribution, you greatly enhance the contributions you’re making towards retirement.

What are matching

Just like it sounds, with matching contributions, your employer typically matches a portion of your contribution up to a specified percent of your salary. Currently, City Electric Supply Co., Inc. matches 50% of the first 6% you contribute to the plan. It’s money you can use to give a hefty boost to your retirement savings.

Here’s how
it works

Let’s say Jane earns $30,000 a year and CES matches 50 cents on the dollar up to 6 percent of her salary. Each year, if Jane contributes 6 percent of her salary ($1,800), she’ll receive a matching contribution of $900 from CES. That’s an additional 50 percent in the account! Keep in mind, matching contributions will also have the potential of earning a return – helping you save even more for your retirement.

Not taking advantage of City Electric Supply’s generosity is passing up a significant financial opportunity. Catch the match today! Contact your Payroll Administrator to find out how you can increase your contributions to take advantage of CES's matching contribution.

Never forget, spend less, save as much as you can and catch the match to reach your retirement goals.