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Welcome to Your Retirement Program
Willis 401(k) Retirement Savings Plan - JK62250 00001
IMPORTANT NOTE
As you may know, Willis and Towers Watson merged into Willis Towers Watson on January 4, 2016. Our legacy Willis 401(k) Plan site has now been updated with our new Willis Towers Watson logo and branding.
Aim for 10 Percent
Contributing to the 401(k) plan is one of the best ways to save for your future whether you contribute on a pretax basis or after-tax through the Roth 401(k) feature. Don't let this opportunity pass you by!
Willis Towers Watson will match your contributions up to 3% of your annual eligible compensation subject to an annual limit of $7,950 (based on the IRS compensation limit).*
*Matching contributions are subject to plan vesting requirements. Descriptions of plan features and benefits are subject to the plan document, which will govern in the event of any inconsistencies.
2016 Contribution Limits
For 2016 the 401(k) contribution limit increased to $18,000, and the catch-up contribution limit for age 50 increased to $6,000.
The Internal Revenue Service has increased the 2016 compensation limit for retirement plans to $265,000.
Please note: Regardless of your deferral election, the Willis Towers Watson payroll system will automatically stop your 401(k) contributions once you reach either the compensation limit of $265,000 or the contribution limit of $18,000 ($24,000 if age 50 and over). Please review your contribution percentage to ensure you reach the contribution limit before the compensation limit.
Click here for details.
