401K

800-835-5097

Plan #:51037

Stampin’ Up! offers a 401(k) plan, facilitated through Fidelity, to help you save for retirement. The plan allows you to contribute pre-tax income to a traditional 401(k) account and/or after-tax income to a Roth 401(k) account. In addition, Stampin’ Up! offers a company match up to four percent of your pay. Go back to Employee Benefits

Eligibility/Enrollment

Newly hired employees will be automatically enrolled in Stampin’ Up!’s 401(k) plan if they are at least 18 years old (or upon becoming 18 years old). Contributions will be set at 3% of gross pay, contributed using the traditional pre-tax option and will begin as soon as administratively possible according to current enrollment procedures.

If you choose to opt out of automatic enrollment, you must actively decline participation by changing your contribution percentage to zero. If you would like to enroll prior to the automatic enrollment timeline or would like to contribute a different contribution percentage, you can enroll online at Fidelity.

If you are a current, eligible employee, you may also enroll to have contributions deducted from your pay or make changes to your deferral election percentage.

You may contribute up to 90% of your gross pay in full percentage increments, not to exceed the IRS annual limit. If you are 50 years old or over, you can participate in an additional catch-up contribution as set by the IRS.

To enroll in Stampin’ Up!’s 401(k) plan, you will need to register with Fidelity either online or over the phone (800-835-5097).

Plan Options

Stampin’ Up!’s 401(k) Plan offers both a traditional and a Roth option, so that you can choose how to best save for retirement. Traditional 401(k) plans allow you to contribute pre-tax funds to your account. Upon retirement, withdrawals from your account will then be taxable income. Unlike traditional qualified plan contributions, Roth contributions are made with post-tax dollars, which means that first you are taxed on the full amount you earn, and then your contribution is deducted. Your Roth contributions and earnings accumulate tax free. When you reach retirement and begin making withdrawals, your qualified distributions are tax-free.

Traditional

Traditional

Contribution:

Before tax

Earnings:

Tax deferred

Distributions:

Taxed

Roth

Roth

Contribution:

After tax

Earnings:

Not Taxed

Distributions:

Not Taxed

For some participants, the Roth option may make more sense than traditional qualified plan contributions; however, Roth may not be for everyone. You may consider making Roth contributions if any of the points below apply—or will apply—to you:

  • You believe you will be in a higher tax bracket when you retire.
  • You prefer to reduce your future tax liability instead of your current tax liability.
  • You want to manage your taxable retirement income by having both traditional and Roth accounts available for distributions.

You have the option of making both traditional and Roth contributions at the same time. However, your total retirement plan contributions (traditional and Roth) cannot exceed the annual contribution limit as set by the IRS.

Company Match

  • Stampin’ Up! will match 100% (dollar for dollar) of your contributions up to 3% of your gross (pre-tax) pay.
  • Stampin’ Up! will also match 50% (50 cents to the dollar) of your contributions from 4% to 5% of your gross pay.
  • Stampin’ Up!’s match is immediately 100% vested.
  • Stampin’ Up!’s match is paid on traditional and/or Roth 401(k) contributions; however, the company match will always be contributed on a pre-tax basis (similar to a traditional contribution).
Example

This is an example of how the program works, based on an annual income of $40,000.

Your investment (Annual)

Stampin’ Up!’s percentage match

Stampin’ Up!’s dollar match (Annual)

Total amount invested (Annual)

Company Match Breakdown

Percentage invested: 1%

Your investment (Annual): $400

Stampin’ Up!’s percentage match: 100% (dollar for dollar)

Stampin’ Up!’s dollar match (Annual): $400

Total amount invested (Annual): $800

Percentage invested: 2%

Your investment (Annual): $800

Stampin’ Up!’s percentage match: 100% (dollar for dollar)

Stampin’ Up!’s dollar match (Annual): $800

Total amount invested (Annual): $1,600

Percentage invested: 3%

Your investment (Annual): $1,200

Stampin’ Up!’s percentage match: 100% (dollar for dollar)

Stampin’ Up!’s dollar match (Annual): $1,200

Total amount invested (Annual): $2,400

Percentage invested: 4%

Your investment (Annual): $1,600

Stampin’ Up!’s percentage match: 100% for 1–3%
50% for 4%

Stampin’ Up!’s dollar match (Annual): $1,400

Total amount invested (Annual): $3,000

Percentage invested: 5%

Your investment (Annual): $2,000

Stampin’ Up!’s percentage match: 100% for 1–3%
50% for 4–5%

Stampin’ Up!’s dollar match (Annual): $1,600

Total amount invested (Annual): $3,600

Percentage invested: 6‑90%

Your investment (Annual): $2,400–$18,500

Stampin’ Up!’s percentage match: 100% for 1–3%
50% for 4–5%
0% for 6–90%

Stampin’ Up!’s dollar match (Annual): $1,600

Total amount invested (Annual): $4,000–$20,100*

*You can contribute up to the maximum dollar limit set by the IRS (the company match is not included in the IRS limit). Please refer to the Summary Plan Description for additional information regarding contribution limits.

401k Investment Advising

Stampin’ Up! employees can contact 401k Advisors Intermountain for free, personalized help with 401(k) investment selection, financial planning, and retirement readiness projections. 401k Advisors Intermountain can be reached at (801) 559-7774 or info@401kaim.com. You can also find more information on their website.

Your Online Account

Once you have registered with Fidelity and activated your online account, you can easily manage your investment options at any time. Detailed information regarding each available investment fund can be found online to help you decide where to invest your contributions.

You can also change your elective deferral percentages online. You may increase or decrease these percentages at any time. 401k deferral election changes (input into Fidelity) will take effect on the first paycheck of the month after the month the elections change is input or as soon as administratively possible. Election changes may not be effective on the first paycheck the month after you’ve requested the change; for example, this could happen if the election change is input into Fidelity near the end of the month and the first paycheck of the following month is toward the beginning of the month. If you have a question regarding the exact timing of the effective date please contact Curtis Lamb in finance.

To change your deferral percentage, follow these instructions:

  1. Go to www.401k.com.
  2. Login with your username and password.
  3. Go to view summary on the left of the page.
  4. Select the contributions tab.
  5. Under the Manage Your Contribution Amount section, select contribution amount.
  6. Enter your desired percentage(s) in the pre‑tax and/or roth fields.
  7. Click change contribution amount.
  8. Review new amounts, and then click submit.

Distribution of Benefits

Money in a 401(k) plan will be distributed to you according to plan and federal guidelines. Below are some examples of distributable events:

  • Attainment of age 59-1/2
  • Financial hardship
  • Loans
  • Attainment of plan's normal retirement at age 65 (prior to separation from service)
  • Termination of employment for reasons other than death, disability, or retirement
  • Early retirement at age 55 with 10 years of service
  • Retirement at the plan's normal retirement age, which is 65
  • Death

Participants who terminate their employment with Stampin’ Up! and have account balances less than $5,000 will need to elect a distribution method, or their account balance will either be paid out in a lump sum distribution or rolled over to an Individual Retirement Account (IRA).

Taxes and penalties may be avoided if funds are rolled over to another qualified retirement account. Consult your tax advisor regarding the tax implications for receiving a distribution.

Please consult the Summary Plan Description (SPD), Fidelity, or the plan administrator for specific questions you may have regarding distributions.

Resources

401k Summary Plan
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401k Who to Contact
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2017 Summary Annual Report
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Fidelity Approved Rollover In Form
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Required Disclosure Information
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Safe Harbor notice
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