CURRENT PARTICIPANTS
Per the 401k Plan’s provisions, on July 1 of each year, Misericordia will increase the Automatic Salary Reduction Contribution by 1% for those who have not opted out of this plan provision. This automatic salary reduction will take place until the plan year in which your contribution equals 10%, unless you wish to increase the amount beyond 10%. For those who have previously opted out of the automatic increase and would like to turn it back “ON”, follow the steps below. Please note: All changes to your salary reduction contribution need to take place through Correll Co’s online portal at www.correllco.com by June 30th.
To verify if you are registered for the Automatic Increase, please log in to your Correll Co account at www.correllco.com.
Select “Manage”, “Manage Investments”, then select “Change Contribution”
then follow the prompts to turn auto increase ON or OFF.
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