Pace 401(k)

Pace Industries has adopted Automatic Enrollment to help you begin saving for your future! New participants will be enrolled in the Pace Industries Savings and Investment Plan at a 2% contribution rate, and have your future contributions invested in a Vanguard Target Date Fund, based on your date of birth and retirement age of 65.

These changes do affect you! If you do not want to get enrolled at 2%, you will have 30 days to log into the Retirement Plan website or call the Retirement Service Center to re-elect your contribution rate and/or to decline enrollment. You may also take this time to change your investment elections!

Annual Limits for 2020

401(k) elective deferrals:  $19,500 

Catch-up contributions to 401(k) eligible governmental plans for employees age 50 or older:  $6,500 (unchanged)

Contact Wells Fargo at 1-800-728-3123.

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