The Shaw Industries Group, Inc. Retirement Savings Plan (the Plan) offers benefits that can help associates prepare for a financially secure retirement.  Taking advantage of the Plan now - rather than waiting a few years - can really boost your long-term retirement savings.  Consider these reasons to participate:
  • Company Match - Currently Shaw offers a matching contribution of $.50 on every dollar you contribute through salary deferral, up to 6% of your pay.
  • Tax Savings - Pre-tax contributions to the Plan are not subject to income tax until they are withdrawn.  The more you contribute, the more tax savings you will have today and in the future.  You also defer taxation on any earnings from pre-tax contributions and company matching contributions held in the Plan. 
  • The Power of Compounding - Compounding is the ability for investment returns to earn potential returns of their own.  Over time, you can make money, not only on your original investment but also on your accumulated gains from earlier years.  Generally, the longer you hold your money in the account, the greater the potential your assets have to grow.
Click on the banner to the left for access to your 401(k) account information or at principal.com.  If it is your first time logging into your account, reference Plan Contract number 616804 to establish a new username and password or call 1-800-547-7754.  Retirement specialists are available Monday - Friday from 8 a.m. to 10 p.m. ET.

When you're ready for the next steps - take advantage of the Wellness Retirement Planner at www.principal.com/scoreWhether you're a financial rookie, old pro or somewhere in between, the Wellness Retirement Planner online is available to help you plan for retirement.  After your enrollment in the Plan, visit principal.com/score.

To learn more about contribution and investment options as well as complete Plan provisions, review the Summary Plan Description and Enrollment Guide in the MyBenefits Resources Section.

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