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MTM 401(k) Profit Sharing Plan

 

Planning for retirement is an exciting step toward your future. At MTM, we’re here to support you with the tools and benefits that help you feel confident and prepared. Explore resources in the 401(k) savings plan, to make the most of your long‑term financial wellness and ensure a smooth transition into your next chapter.

Why Saving for Retirement Matters

Saving regularly in your 401(k) is one of the most effective ways to prepare for your future. Contributing even a small amount now can grow significantly over time through compound interest. Your 401(k) helps you:

  • Build long‑term financial stability
  • Prepare for life after full‑time work
  • Take advantage of tax‑advantaged savings
  • Stay in control of your financial wellness

 

Whether you’re just starting your career, planning for retirement, or somewhere in between, the MTM 401(k) plan gives you the tools to stay on track.

To participate in MTM’s 401(k) Retirement Savings Plan with John Hancock, employees must meet all of the following eligibility requirements:

  • Are an active MTM employee
  • You are at least age 21
  • Have completed two months of service

 

Certain groups are excluded from eligibility as follows:

  • Temporary employees
  • Interns
  • Contractors
  • Employees covered by a collective bargaining agreement (unless the agreement includes 401(k) participation)

 

When You Can Enroll

Your Entry Date will be the first day of the month following the date you satisfy the eligibility requirements.

  • You may enroll at any time
  • Contributions will begin on the next available payroll cycle after you complete enrollment through John Hancock.

 

Why This Matters

Becoming eligible is an important milestone—joining the plan early helps you take full advantage of tax‑advantaged savings and long‑term retirement growth.

401(k) Contributions and MTM’s Matching Benefits

MTM’s 401(k) plan gives you flexible options to save for retirement in a way that fits your financial goals. You can choose to contribute pre‑tax, Roth (after‑tax), or a combination of both—up to the annual IRS contribution limits.

 

How You Can Contribute

  • Pre‑Tax Contributions: Your contributions are deducted before federal taxes, which lowers your taxable income today. You’ll pay taxes when you withdraw the money in retirement.
  • Roth (After‑Tax) Contributions: Your contributions are made after federal taxes now, and qualified withdrawals in retirement are tax‑free, including earnings.

 

You can switch or adjust your contribution rate at any time.

 

Annual IRS Limits

Each year, the IRS sets the maximum amount employees can contribute to a 401(k).

  • For employees under age 50: You can contribute up to the annual IRS limit.
  • For employees age 50 or older: You can make additional catch‑up contributions on top of the regular limit, allowing you to save even more as you approach retirement.

 

MTM’s Matching Contribution

MTM supports your retirement savings by matching your contributions:

  • 100% match on the first 3% you contribute
  • 50% match on the next 2% you contribute

 

This means if you contribute 5%, MTM contributes a total 4% match to your account.

 

Immediate Vesting Through Safe Harbor

  • MTM’s match is a safe‑harbor contribution, which means it is 100% vested immediately.
  • Every dollar MTM contributes belongs fully to you right away—there’s no waiting period and no vesting schedule.

 

Why This Matters

Saving early and consistently—especially with MTM’s match—helps your money grow over time through compounding. Whether you are building a strong foundation or preparing for retirement in the near future, these features give you powerful tools to support your long‑term financial security.

Ready to start saving?

To begin the process, log into the John Hancock website and create your own personal account. From there, you’ll need to decide:

  • How much you’d like to contribute
  • Which type of contributions you’d like to use (pre-tax or Roth)
  • Which investments you’d like to invest in
  • Who you’d like to name as your beneficiaries

 

Once you make these basic decisions, your deductions will begin typically with the next pay period following the processing of your enrollment.

You can make changes to your contributions, investments and beneficiaries at any time in the future.

Want to learn more about your financial future and build a solid foundation? Spend some time exploring the articles, videos, and other educational tools available on the John Hancock website to expand your financial confidence. Whether you’re just starting to save or planning for retirement, these resources can help you understand your options, make informed decisions, and take control of your long‑term financial well‑being. A few minutes of learning today can make a meaningful difference in your tomorrow.

  • Retirement Planner – Get a picture of how much you’ll need in retirement. Use our retirement planner to get a personalized view of your projected retirement spending and saving needs, then set your savings goal. The retirement planner even helps you develop a strategy to keep—or get—your savings on track.
  • Longevity Score – Get your personalized Longevity Preparedness Score. Planning for a longer, healthier, better life starts with understanding where you stand today. Created in partnership with the MIT AgeLab, the Longevity Preparedness Indexlooks at how ready US adults are to thrive as they grow older. You’ll be asked a series of straightforward questions across eight areas that shape long-term wellbeing. Your responses will generate a personalized score, along with practical actions you can take right now to help feel more confident about your future.
  • Investment basics help you choose investments that align with your needs. You’ll learn about the risks and potential rewards of investing and why how much time you have until retirement matters.
  • Stock market insights podcasts – Want to really dig into what’s happening in the market? Listen to our Portfolio Intelligence podcasts. You’ll hear from asset allocation experts, portfolio construction specialists and other investment veterans in interviews with John Bryson, head of investment consulting at Manulife John Hancock Investments.
  • Webinars – Strengthen your financial well-being. Should you pay down debt or save for retirement? When should you start taking Social Security? How could taxes affect your retirement savings? Explore our webinar series to get answers to these questions and more.
  • Viewpoints – Check out the latest articles in Viewpoints to boost your financial know‑how. Whether you want to learn the basics of how a 401(k) works, get a better understanding of Medicare, or see how taxes affect your retirement savings, Viewpoints offers simple, helpful explanations on a wide range of financial topics. It’s a great place to start building your financial foundation.

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