The IRS allows individuals who are age 50 or older to make additional contributions above the limit for pre-tax and Roth contributions through what are commonly known as "catch-up" contributions." Select "Yes" if you will be age 50 or older at any point during the current calendar year.

Enter your gross pay for the current year. This should take into account all expected compensation before taxes and other deductions are withheld. Depending on the provisions of your plan, compensation eligible for plan contributions may include base pay, bonuses, commissions, and overtime pay. You may want to include conservative amounts for all sources of variable pay you expect to receive this year.

Enter your gross pay earned so far this year, before taxes and other deductions are withheld. Review your most recent pay statement for this information.

Your paycheck frequency determines how much you should contribute per pay period.

Review your most recent pay statement to determine how much you have already contributed on a pre-tax basis, Roth basis, or both. The amount you enter should NOT include:

• mandatory contributions to the plan (contributions you or your employer are required to make)
• after-tax contributions (other than Roth)
• catch-up contributions, or
• any contributions made by your organization
  
  

  There are pros and cons to choosing Roth contributions, and the right answer for you will depend on your own financial circumstances and preferences. Always consult with a financial professional and tax advisor to see how your financial situation might be affected. To learn more, call 1-800-887-4015 to speak with a Fidelity Representative.

You are eligible to make additional catch-up contributions above what the IRS allows you to contribute on a pre-tax and/or Roth basis because you will be age 50 or older this calendar year.

To determine how much you have already contributed on a catch-up basis, review your most recent pay statement. The amount you enter should not include any "Lifetime Catch-up" contributions that may apply if you participate in a 403(b) plan and have more than 15 years of service at your current organization.

This refers to dollars contributed by your organization contingent upon the contributions you make from your own pay to the plan. If your organization matches your contributions, select "Yes" and enter the amount of match you have received so far this year.

This formula outlines how your organization matches your contributions to the plan. Many organizations match a percentage of what you contribute – for example, 50% of the first 4% of pay that you contribute. In some cases, there are multiple formulas – for example, 100% on the first 3% of pay that you contribute, then 50% on the next 3% of pay that you contribute. Finally, some organizations limit the total matching contribution you receive to a set dollar amount.

Some organizations make contributions to the plan independent of what you contribute. These are sometimes referred to as "non-elective" contributions (because you do not need to take any action to receive them), "profit-sharing contributions", or "automatic contributions." If your organization makes any contributions like these to your plan, or if your organization covers any mandatory contributions to the plan on your behalf, select "Yes" and enter the total expected amount for the year. Review the summary of plan provisions for your plan for more information regarding your organization's additional contributions, if applicable.

Some plans have required – or "mandatory" – contributions. This means that individuals participating in the plan are required to contribute a certain amount of pay. If you make mandatory contributions to the plan that are not covered by your organization, select "Yes" and enter the total expected amount for the year.

Some plans allow you to make after-tax contributions from your pay, which can exceed the IRS limit on pre-tax and Roth contributions. If your plan allows you to make after-tax contributions, select "Yes" and enter the amount of after-tax contributions you have made so far this year. Review the summary of plan provisions for your plan for more information regarding after-tax contributions, if applicable.

These elections will help you maximize your total contributions to the plan, including pre-tax, Roth, after-tax, and catch-up contributions (if applicable). These results also take into account contributions made by your organization, based upon your inputs.

There are pros and cons to choosing Roth contributions, and the right answer for you will depend on your own financial circumstances and preferences. Always consult with a financial professional and tax advisor to see how your financial situation might be affected. To learn more, call 1-800-887-4015 to speak with a Fidelity Representative.

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This website (the "website") is provided by FWS LLC and contains general information to help you decide how much to contribute to your retirement savings plan (or plans). By using this website, you consent to electronic receipt, and have read and agree to be bound by the terms of use herein.

Your benefits are subject to the terms and conditions of your employer's official plan documents in effect.  In the event there is a conflict between the information you read on this website and the official plan documents, including any estimated calculations, the applicable plan documents will control. Your employer reserves the right to amend, modify, suspend or terminate one or more of its plans or programs at any time as provided in the plan documents, including compliance with applicable laws or regulations.

The website contains general information to help you decide how much to contribute to your retirement savings plan(s) in the form of a Contribution Maximizer Tool (the "Tool"). The Tool's calculations are based on information entered by you, the user, as well as various assumptions, such as contribution limits. Review the Assumptions & Additional Information page for a description of important assumptions reflected in the Tool's calculation methodology. The Assumptions & Additional Information page also explains the limitations of the Tool. If any assumption is not appropriate for your circumstances and/or if any of these limitations apply to you, the output of the Tool may not be accurate, and you should consult your employer's official plan documents and your tax advisor.

The information and resources provided throughout the website, including the text, graphics, images, and other materials, are provided as general information, which may be based on various assumptions relating to your age, eligibility, elections, or compensation, and neither represent nor are intended to be specific advice to you or anyone else on any particular matter, including, but not limited to, tax, legal, retirement planning, insurance, financial, or similar advice.

The website relies on certain assumptions and additional information as outlined on subsequent pages. Those assumptions and additional information will impact the calculations and results. You are solely responsible for the accuracy of any data you enter into the website, and the calculations are based on the information you provide.

The website's estimates and results are not a guarantee of what your benefits or account balance will actually be at any time, or what your maximum contribution amount is under applicable laws and regulations. They neither represent nor are intended to be specific advice to you or anyone else on any particular matter, including, but not limited to, investment, tax, legal, retirement planning, insurance, financial, health, or similar advice. The website should not be used or relied upon by you as a substitute for your independent research or for professional advice regarding your own personal situation.

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