Voluntary contribution limits to increase in 2019

The annual contribution limit for Drake’s Voluntary Retirement Plan will increase from $18,500 to $19,000 effective January 1, 2019. Employees age 50 and over may contribute an additional $6,000 for a total maximum of $25,000 during 2019.

If you would like to change your current contribution amount, or open a voluntary retirement account, please contact Human Resources. Should you wish to schedule an individual counseling session with a TIAA Consultant, please call 271-1901.

Marlene Heuertz, Human Resources