Wabash offers eligible employees access to a supplemental retirement plan which allows use of either post tax or pretax retirement contributions to save for retirement. Pre-tax contributions will reduce your federal income taxes now. Post tax contributions may help you avoid paying higher taxes on your retirement savings in the future.
Schedule an advice session with a TIAA advisor at TIAA.org/schedulnow to determine which contribution level is right for you.
To enroll or increase your retirement contributions follow the link : www.tiaa.org/wabash to the TIAA website to register or log in to your account. Once in the site you can choose actions and then choose contibution options and/or get investment information. Simply follow the instructions to put in your percentage of contribution and to choose the investment account(s).
It is also a great time to update your beneficiary information, especially if you haven't updated it for a while. Also, after a life changing event such as: birth, adoption, marriage, death, etc.
Elective Deferrals 2023 Limit - $22,500
Plus, Catch up Contributions (employees over 50) for 2023 - $7,500
