My Retirement

About Crestwood's Retirement 401(k) plan

Auto Enrollment: The Crestwood 401(k) Plan is set up for automatic enrollment. This means you will be automatically enrolled in the plan at a rate of 3% pre-tax per paycheck approximately after 30 days has passed from your Date of Hire. You will receive prior notification before this happens and you can always opt out or choose another % at any time by accessing the Fidelity netbenefits website.

Crestwood Annual Contributions: To help you save for retirement, Crestwood has provided employer contributions at varying levels each year for the past 7 years totaling more than $7.7 million dollars. The 401k Profit Sharing amount is determined each year based on the company’s financial results and is announced in the first quarter of the subsequent year.

Summary Plan Description (SPD): Click to view SPD

Why Save to a 401(k) plan?

There are many great reasons to contribute to your workplace savings plan. Here are just a few:

Tax-deferred contributions and earnings: Generally, you don’t have to pay income tax on the part of your earnings that you contribute to your plan until you take a withdrawal. If you wait until retirement age, you may be in a lower tax bracket than you are now. You can lower your current income tax bill and delay paying income taxes on your contributions and any earnings until you withdraw them from the plan.

Compounding: If your retirement investments earn interest, that interest can start earning interest as well. this is called compounding and can make a huge difference in helping to grow your retirement savings.

Employer contribution: For the past seven years, Crestwood has made a discretionary annual contribution to participants' accounts. Crestwood is investing in you and your retirement.

Flexibility: You decide where to invest your money. Crestwood offers a variety of investment options to choose from—and you can change your investment mix as your needs change.

Automatic payroll deduction: Makes the process of saving easy.

Dollar cost averaging: By contributing a set amount of money from each paycheck into a variable-cost investment like a mutual fund, you purchase more shares when the price is low and fewer when the price is high, so your average cost is actually less than the average market price of the fund's shares.

Access to your savings: Under certain circumstances (such as a hardship), you may be able to take a loan or withdrawal from your account, if serious needs arise.