MAA 2018 New Hire Benefits Guide

401(k) plan

MAA’s 401(k) Plan is a valuable employee benefit and one of the most powerful ways to build your retirement savings. The plan offers easy-to-understand tools and a broad range of competitive investment options through its recordkeeper, Principal, to assist you in saving and investing wisely. MAA is committed to helping you make the most of this valuable benefit. To assist you in reaching your retirement goals, we will automatically enroll you in the plan with a contribution rate of 2% of earnings effective the first of the quarter on or after 6 months of employment. However, you can opt-out of this arrangement and choose a different contribution rate through Principal. Your pre-tax payroll deductions (“contributions”) will begin on the first paycheck following your effective date in the plan and will be invested in the applicable Principal LifeTime Hybrid Collective Investment Fund based on your current age and when you will reach the plan’s definition of normal retirement dates, unless you specify otherwise. You can change your contribution rate and investment allocations through Principal at any time by phone at (800) 547-7754 or online at www.principal.com.

Click here to view the plan’s enrollment workbook from Principal.

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