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  • Your EMC Savings Plans: Reaching Your Financial Goals

    This year has been full of positive changes to the EMC 401(k) Plan. As the year draws to a close, let's look back at the ways we've enhanced and simplified  your 401(k) Plan in 2015.

    What's Improved  

    • After-tax Contributions
    • Roth In-Plan Conversions
    • Streamlined deferrals
    • Company Match Increase

    For more details about each of these, review the updated 401(k) Savings Plan page.

    What's Next  

    After-tax Balances  

    If you've been using after-tax contributions to save even more, make sure to convert those contributions into Roth 401(k) balances. By doing so, (assuming certain eligibility criteria have been met) the post-conversion contributions and earnings can be withdrawn tax-free in retirement.

    Saving Your Next Best Dollar  

    It's never too early or too late to start thinking about your next financial move. Perhaps you haven't taken full advantage of EMC matching contributions, or you just want to improve your overall retirement savings strategy. Your priority should be on graduating to the next level in your personal financial savings hierarchy. Check out the Financial Savings Hierarchy to determine your next best step.

    After-tax Opt-Out  

    Recently, we introduced after-tax contributions to the 401(k) Plan, allowing you to save up to an additional $29,000 toward your retirement. Many of you who began making after-tax contributions automatically expressed the desire to choose if contributions roll over to after-tax once IRS limits are reached. As a result, beginning January 1, 2016, you will be able to opt out of automatic after-tax contributions . By opting out, each year your contributions will stop once you reach the IRS contribution limits for pre-tax and/or Roth*. Visit Fidelity NetBenefits  on or after January 1, 2016, if you wish to make this election.


    For questions regarding your personal financial situation or any of the enhancements mentioned above, please contact Fidelity toll-free at 1-800-421-3844, Monday through Friday (excluding New York Stock Exchange holidays), between 8:30 a.m. and 8:00 p.m., to speak with a Fidelity Service Center Representative. We also encourage you to meet with a Financial Advisor to help you make the right retirement savings decisions for 2016.


    *$18,000 or $24,000 if you 50 years of age or older in 2016