• Payroll deduction
  This process provides a systematic, disciplined way to save for retirement.

• Tax deferrals
  Because contributions are made from pretax earnings, current income taxes are reduced, and any investment earnings are not taxed until withdrawal.*

• Diversified investment options
  With the array of investment choices available through Morgan Stanley Smith Barney, participants can choose from a variety of plan investment options with different objectives and varying degrees of risk.

• Portability
  If an employee leaves the company, he/she may move vested assets to another qualified plan or IRA.

• Convenient Access
  Depending upon the individual plan features, participants may access their 401(k) account value through qualifying hardship withdrawals or optional loans.

* Taxes are due upon withdrawal and, if made prior to age 59 1/2, an additional 10% tax penalty may be imposed.