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Citi matches contributions to your account
- Citi helps you save for retirement. In addition to your own contributions, Citi matches contributions to your account, allowing you to build your savings faster. You are eligible for Matching Contributions on the first of the month after you have worked at Citi for one year:
www.citibenefits.com/Savings-Pay/Retirement-Savings-Plan
People also ask
Does Citi offer a retirement savings plan?
What is the Citi savings plan & how does it work?
How do I access my Citi retirement savings plan account?
How do I get financial advice from Citi benefits?
How much does Citi contribute to the plan?
What happens if I don't enroll in the Citi retirement plan?
Aug 27, 2024 · Citi helps you save for retirement. In addition to your own contributions, Citi matches contributions to your account, allowing you to build your savings faster. You are eligible for Matching Contributions on the first of the month after you have worked at Citi for one year:
The Plan offers a number of advantages designed to help make saving easier — so you can Save Well at Citi. The Plan provides eligible employees with the opportunity to save money on a before-tax and/or Roth after-tax basis through automatic payroll deductions.
About the Citi Retirement Savings Plan. How do I enroll in the Citi Retirement Savings Plan? • You can enroll with assistance from a licensed benefits counselor during your one-on-one enrollment session or by yourself by going to Your Benefits Resources (YBRTM) available through My Total Compensation and Benefits at www.totalcomponline.com.
- Citi Retirement Savings Plan
- you can Save Well at Citi.
- Important Privacy Information About the My Total Compensation and Benefits Website
- You may manage how communications from the Plan are sent to you by logging into the Your Benefits
- Plan Administrator
- Effect of Transfer or Employment Classification Change
- Re-Employment
- Voluntary Enrollment in the Plan
- Naming or Changing a Beneficiary
- No Beneficiary Designation
- Contributions to Your Accounts
- Eligible Pay
- Before-Tax Contributions
- Estimate the Value of Saving in the Plan
- Roth After-Tax Contributions
- Contributions from Performance-Related Cash Bonuses
- Check Your Pay Statement
- Important Notes about Company Matching Contributions
- Contributions for Participants Returning after Qualified Military Service
- Your Accounts
- Roth In-Plan Conversions
- Years of Service
- If You Are Rehired
- Forfeitures
- Investing Your Plan Accounts
- Investing Your Contributions
- Company Matching Contributions
- Company Fixed Contribution, Company Transition Contributions, Aetna Supplemental Contributions, and the One-Time Shearson Transition Contribution
- Changing Your Investment Elections
- Important Facts about Automatic Rebalancing
- Restrictions on Fund Transfers, Reallocations and Rebalancing
- Redemption Fees
- Online Advice
- Alight Financial Advisors (AFA) Professional Management Program
- the “Get Somewhere Fast” flyout menu, select the “401(k) Retirement Savings” option. Go to the “Other Benefits”
- Lipper Fund Fact Sheets
- Alight Financial Education Center
- Important Information
- Pay Off Your Loan Early
- loan in full or in part at any time beginning six months from the date the loan was issued. You can pre-pay your
- Defaulted Loans
- Treatment of Loans While on Qualified Military Service Leave
- Treatment of Loans While on Other Approved Leave of Absence
- Withdrawals
- Distributions from Your Accounts
- How Benefits Are Taxed
- Taxation of Plan Participants
- State Tax Withholding
- Tax Rules for Company Common Stock
- Taxation of Company Contributions
- Plan Administrator/Agent for Legal Process
- Plan Fees and Expenses
- Plan Confidentiality
- Use of Personal Information
- Investing Restrictions
- When Benefits Are Not Paid or Reduced
- Participant Responsibility
- Nonalienation and Qualified Domestic Relations Orders (QDROs)
- Account Statements
- Electronic Communications
- Top-Heavy Provisions
- Appeals Procedure
- Limitation on Filing Suit
- Your Rights under ERISA
- Prudent Actions by Plan Fiduciaries
- Glossary
- Before-Tax Contributions
- Citigroup Common Stock Fund
- Citigroup Stock Fund Dividend Account
- Committee or Plan Administrator
- This account holds the following Company Contributions, adjusted for any earnings or losses:
- Company Fixed Contribution Account
- Company Fixed Contributions
- Company Matching Contribution Account
- Company Matching Contributions
- Company Transition Contribution Account
- Company Transition Contributions
- Disabled
- Money Purchase Plan Account
- One-Time Shearson Transition Contribution Account
- Rollover Account
- Roth After-Tax Contributions
- Roth Contribution Account
- Roth Rollover Account
- Trust
- Loans
Saving for retirement is an important consideration for all of us. Citigroup Inc. (the “Company”) offers the Citi Retirement Savings Plan (the “Plan”) to encourage you to become an active participant in planning and saving for your financial future. The Plan offers a number of advantages designed to help make saving easier — so
The Plan provides eligible employees with the opportunity to save money on a before-tax and/or Roth after-tax basis through automatic payroll deductions.
You will need a user ID and password to log on to the website. Keep in mind that your password can be used to access your personal account information and request transactions such as withdrawals and distributions. It is also your legal signature for all Plan transactions, so you are responsible for maintaining the confidentiality of that informati...
Resources (YBR) website through My Total Compensation and Benefits at www.totalcomponline.com. Once on YBR, select “My Profile” on the right of the top blue banner. Go to “Manage Communications.” There you can elect to receive certain communications by text message, email or regular mail. When accessing the website from outside of the Company’s int...
The Plans Administration Committee of Citigroup Inc. (the “Committee”) is the Plan Administrator and is responsible for the operation and administration of the Plan. The Committee has such powers as may be necessary to carry out the provisions of the Plan, including the power and discretion to determine all benefits and resolve all questions pertai...
If you are a Plan participant who transfers to another company that does not participate in the Plan or your employment classification changes so that you no longer qualify as an employee eligible to participate in the Plan, or if you transfer outside the United States (except as an expatriate employee who meets the applicable requirements set fort...
If you were a Plan participant who terminated employment with the Company and are subsequently rehired with the Company, you will be eligible to actively participate in the Plan again immediately on the day your re-employment begins. If you terminate employment and are subsequently rehired by the Company, you are no longer eligible to receive a Com...
You may begin contributing to the Plan after you become eligible. When you enroll, you decide: What percentage of your eligible pay you want to contribute to the Plan; If you want to contribute to the Plan through Before-Tax Contributions and/or Roth After-Tax Contributions; and In which investment options you want your contributions to be deposite...
As a participant in the Plan, you will be asked to name a beneficiary (the person or persons or your estate that will receive benefits in the event of your death) and the percentage payable to that beneficiary. By law, your Plan accounts must be paid to your surviving spouse at your date of death unless your spouse has consented to your naming a di...
If you do not name a beneficiary during your lifetime, or if none of the beneficiaries you name is alive at the time of your death, your benefit will be paid to the following persons (if still living) in the following order of priority: Your spouse or your registered domestic partner if you are not married; then Your children (including adopted chi...
After your enrollment in the Plan, accounts will be established within the Plan to keep track of the different types of contributions that may be made to the Plan for your benefit, as well as any earnings on those amounts.
Your contributions to the Plan are calculated as a percentage of your eligible pay. Eligible pay must be earned while you are an eligible employee of the Company and consists of the following: Base pay, plus overtime and shift differential, paid to you during the calendar year (including any Before-Tax Contributions that you make under the Plan, a ...
Before-Tax Contributions are deducted from your pay before federal — and, in most locations, state and local — income taxes are withheld. Since your taxable income is reduced, you should owe less income tax for the current year. Before-Tax Contributions do not reduce Social Security or Medicare taxes or Social Security benefits. Taxes are deferred ...
A key advantage of the Plan is the ability to save on a before-tax or Roth after-tax basis. Find out what this will mean to you — and your paycheck — by using the “Impact on Paycheck” calculator available from the Your Benefits Resources website. Select “Financial Education Center” from the quick links, next look for “Tools & Calculators” from the ...
Roth After-Tax Contributions differ from Before-Tax Contributions in the way income tax applies when you contribute and when you take a distribution from the Plan. While your income tax is not reduced when you make Roth After-Tax Contributions, your distribution may be tax-free. When you make Roth After-Tax Contributions, your federal — and, in mos...
If you receive monthly, quarterly, or annual performance-related cash bonuses and you were automatically enrolled to contribute to the Plan, a contribution deferral will automatically be deducted from your cash bonus at your regular contribution rate. If you receive an annual discretionary award package composed of a cash bonus, a deferred cash awa...
If you contribute to the Plan and/or have a Plan loan, check your pay statement to be sure the correct amount is being deducted. Your Employer makes every effort to deduct the correct amounts, but it is your responsibility to review your pay statement. If you discover any error in your deduction or loan payment amount, call the Plan immediately as ...
Your Company Matching Contribution for a Plan Year is based on the contributions you make during the entire Plan Year and therefore, you may vary your contribution amount throughout the year and still be eligible for the maximum Company Matching Contribution. As long as you contribute at least 6% of eligible pay based on your eligible compensation ...
If you return to employment following a period of Qualified Military Service, you will be permitted to make additional Before-Tax Contributions, Roth After-Tax Contributions and Catch-Up Contributions, up to the amount that you would have been permitted to make if you had continued to be employed and received pay during the period of Qualified Mili...
You have one or more “accounts” within the Plan that keep track of the types of contributions that have been made to the Plan for your benefit. Understanding your accounts is important to understanding your investment, vesting, withdrawal and distribution rights. Your accounts hold contributions as adjusted for any earnings or losses on those contr...
Actively employed participants are able to convert existing non-Roth Plan balances to after-tax Roth amounts. If you are actively employed and choose this option, you will have taxable income in the year of conversion; however, you may receive tax-free earnings when you receive distributions in the future. Your Roth conversion amounts will be held ...
Vesting under the Plan is based on the elapsed time method of crediting service. Under this method, years of service are measured in whole years (12 months) of employment, starting with the day you begin employment with the Company and ending with your severance from service date. Note: with respect to the vesting service rules described below, you...
If you are not fully vested when you leave the Company and are subsequently rehired, your period of severance can affect your vesting service for your Company Fixed Contribution Account and Company Transition Contribution Account. If you are rehired before you incur five consecutive periods of severance, your non-vested account attributable to your...
If you are not vested in your Company Fixed Contribution Account and Company Transition Contribution Account when you leave the Company, you will typically forfeit the unvested amounts as of the earlier of: The date you receive a distribution of your entire vested interest in your account; or The date on which you incur five consecutive one-year pe...
You can choose from a wide range of options in which to invest your accounts. The Plan’s investment options are selected and monitored by the 401(k) Plan Investment Committee, which is the fiduciary committee charged with oversight of the Plan’s investment menu (other than the Citigroup Common Stock Fund). Fiduciary Counselors Inc. serves as the in...
Through the Plan’s investment options, you have a choice of: Target retirement date funds (pre-diversified funds that shift in investment mix, according to your age); Index funds; Actively managed funds; and/or The Citigroup Common Stock Fund. If you make an affirmative election to enroll in the Plan and are not automatically enrolled, you choose t...
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
Loans previously repaid only to the Fixed-Income Securities Fund will be repaid according to current investment elections.
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Jul 25, 2024 · No matter what life changes are happening, it’s still important to make saving for the future a priority. If it’s possible, commit to your 401 (k) savings with 10%, 15% or even 20% of your salary. As in your 20s, contributing to a Roth IRA account may also make sense for your situation.
Jul 14, 2024 · Take advantage of the Citi Retirement Savings Plan and expert financial guidance. Save Money on Everyday Expenses. Learn about the wide range of discounts available to you as a Citi employee. Review and manage your benefits on My Total Compensation and Benefits. New to Citi? Let’s Get Started. Welcome! We’re excited to have you join our team.
May 27, 2024 · Learn 7 ways you can boost your retirement income and maximize your savings to decrease the risk of running out of money later.
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Achieve your dreams with expert financial wealth planning. Tailor your financial future. Get wealth management designed for your success. Because you've earned it!
