Maximize Your Savings Potential

• Tax savings now: Your pre-tax contributions are deducted from your pay before income taxes are taken out. It could mean more money in your take-home pay versus saving money in a taxable account. You may also contribute a percentage of your after-tax pay to your account.
• Tax-deferred savings opportunities: You pay no taxes on any earnings until you withdraw them from your account, enabling you to keep more of your money working for you now.
• Investment options: You have the flexibility to select from investment options that range from more conservative to more aggressive, making it easy for you to develop a well-diversified investment portfolio. Your plan offers you the option of having experienced professionals manage your account for you.
• Catch-up contributions: If you make the maximum contribution to your plan account, and you are 50-59 years of age or 64+ during the calendar year, you can make an additional “catch-up” contribution of $8,000. Check with your tax advisor for more information.
• Super catch-up contributions for ages 60-63: For those ages 60-63, you can contribute an additional “super catch-up” of $11,250. Check with your tax advisor for more information.

Contributions

Through automatic payroll deduction, you can contribute between 1% and 75% of your eligible pay on a pre-tax basis, up to annual IRS dollar limit of $24,500. You may also make Roth after-tax contributions between 1% and 75% of your pay. Combined, your total contribution cannot exceed 75% of your eligible pay. You can change your contribution amount at any time on netbenefits.com.

Investments

The plan offers you a range of options from which you can choose to best meet your goals. There are currently 29 investment options, and you can compare them at netbenefits.com. You also can learn about managed accounts, brokerage accounts, or receive advice on how to manage your investments yourself.

Plan Enrollment

Log on to Fidelity NetBenefits at netbenefits.com or call the Fidelity Retirement Benefits Line at 800-835-5098 to enroll in the plan.

Western Metal Industry Pension Fund

Hexcel is a participating employer in the Western Metal Industry Pension Fund and contributes 4% of your gross monthly earnings into your account, on a monthly basis (each month’s contribution reflects 4% your previous month’s gross earnings). You are automatically enrolled in this plan.