401(K) Retirement

Savings Plan
WHO CAN PARTICIPATE?
Who Can Participate?
CCM employees are eligible to
participate
CCM employees arein the 401k
eligible Plan the
to participate in thefirst
401kof the
Plan the
month following thier hire date
first of the month following their hire date

Plan Entry Dates

PLAN ENTRY DATES
Plan entry dates are the 1st of every month.

Plan entryMatching
Employer dates are the 1st of every month
Matching contributions will be a discretionary amount calculated
EMPLOYER MATCHING
and deposited annually, determined by CCM each year.

CCM will make a 50% match on your

Vesting
contributions into the plan up to 6% of salary

401(k)
You are always 100% vested in any money you contribute
directly to your retirement plan. CCM will vest employer
VESTING
matching contributions over a 5 year period: 1/20%, 2/40%,
3/60%, 4/80%, 5/100%

Retirement Savings Plan You areAnnual

401(K) always 100% vested
Contribution in any money
Limits
you contribute directly to your retirement
plan. CCM
You can willup
contribute vest employer
to $23,000 matching
in 2024. If you are 50 or older,
CONTACT contributions over a 5 year period:
you can contribute an additional catch-up amount of $7,500.

CONTACT 1/20%, 2/40%, 3/60%, 4/80%, 5/100%

Distribution Options
Principal Financial
Principal Financial
www.principal.com 401(K) ANNUAL CONTRIBUTION LIMITS
Employees are eligible to rollover any funds from other
retirement plans, leave the money in former employer’s plan (if
www.principal.com
800.986.3343
permitted), rollover into an IRA, or cash out the account value.
You can contribute up to $19,500 in 2020.
800-986-3343
If Roth
you are 50 or older, you can contribute
Contributions
an additional catch-up amount of $6,500
QUESTIONS Roth contributions are allowed. You will pay taxes on
contributions now, but you won’t pay taxes when you

HumanResourcesTeam@ccm.com
DISTRIBUTION OPTIONS
withdraw in retirement.

QUESTIONS Loan Provisions

Employees are eligible to rollover any
funds from other retirement savings plans,
Employees are allowed 1 loan at a time up to 50% of vested
HumanResources@myccmortgage.com leave
balance.the money in former employer's plan
(if permitted), rollover into an IRA, or cash
out the account value

ROTH CONTRIBUTIONS
CrossCountry Mortgage, LLC | 2160 Superior Ave, Cleveland, OH 44114
Securities and Retirement Plan Consulting Program advisory services offered through LPL
Financial, a registered investment advisor, member FINRA/SIPC. Other advisory services

Roth contributions are allowed. You will pay

offered through Oswald Financial, a separate entity. www.oswaldfinancial.com

taxes on contributions now, but you won't

Helping you manage
your retirement goals
With 24/7 account access

Planning for retirement doesn’t have to be complicated. Set up your account to stay on track with your
retirement savings goals. And since your life is busy enough, we’ve made getting to your information
simple and convenient. Use these resources to access your account when and how you want.

Online

First-time users Ongoing account access

Go to principal.com Go to principal.com

› Select Log In and choose Personal › Select Log In and choose Personal
› Click on the Create an account link › Enter your username and password
› Enter your first name, last name, date of birth (Click Forgot Username or Forgot
and your ID number (this is either your Social Password if you need to reset) and click
Security number or a specific ID provided by Log in
your employer) or ZIP code › If you’re logging in from a new device,
› Agree to do business electronically and click resetting your username or password, or
Continue you’ve opted to use verification codes every
time you log in, you’ll receive a security
› Answer a few personal questions so we can
code via text message or email
confirm it’s really you
› Enter the security code and click Verify
› Create a unique username, set a secure
password and add your email address
› Select and answer two security questions
Questions?
to use if you need to call us
Having trouble setting up
› You now have access to your online account,
your login, or have other
and you’ll get a confirmation email within a
questions? Give us a call
few minutes
at 800.547.7754.
› The first time you log in, you’ll need to choose
where we send you verification codes (text
message or email) and how often you want Stay up to date!
to use them Keeping your email address current helps
you stay in the know with communications
tailored to you.

› Click on the Retirement Plan link of the account you want to access. Use the tabs at the top of
the page to navigate the website.

(Continued)
 Your account Education Hub

Available options include: › Plan info & forms › Overview

Not all options are available for certain plans. Check › Statements › My Virtual Coach
with your human resources contact to find out what › Contributions › Monthly webinars
is available. › Investments › Retirement planning
› Loans & withdrawals › Managing money
› Rollovers › Life event planning
› Retirement › Calculators & tools
Wellness Planner

Mobile

Check your account balance and rate of return on the go.

› Principal® Mobile — Available for iPhone® and Android™* › Text message › Email

Phone

First-time users Ongoing account access

Call 800.547.7754 Call 800.547.7754

› Enter your Social Security number when › Enter your Social Security number when
prompted prompted
› Listen to the menu and select an option › Listen to the menu and select an option
› When prompted, establish your personal › If prompted, enter your (PIN)
identification number (PIN) using your (Note: some options do not require you to enter your PIN.)
Account/Contract Number

Follow the prompts to: › Check your account balance › Transfer retirement funds
› Check investment performance between available investment
Not all options are available for
options
certain plans. Check with your › Request or review loan
human resources contact to information › Hear information regarding
find out what is available. an expected Form 1099-R
› Review investment options
› Manage your rollover funds

* The mobile application offered by Principal to view account information is currently supported on iPhone® (all operating systems)
and AndroidTM (operating systems 1.6 or higher).

principal.com
Apple and iPhone are registered trademarks of Apple Inc.
Android is a trademark of Google Inc. Use of this trademark is subject to Google Permissions.
Insurance products and plan administrative services provided through Principal Life Insurance Co., a member of the Principal Financial
Group®, Des Moines, IA 50392.
PT383R-09 | 08/2017 | t16122806go | © 2017 Principal Financial Services, Inc.
This material was created for educational and informational purposes only and is not
intended as ERISA, tax, legal or investment advice. If you are seeking investment advice
specific to your needs, such advice services must be obtained on your own separate
from this educational material.

While this communication may outline one of your employer's retirement plan features,
it is not the legal plan document which governs the employer's plan. If there are any
discrepancies between this communication and the legal plan document, the legal plan
document will govern. Contact your plan sponsor if you would like more details
regarding applicable retirement plan provisions.

Contributions to a traditional 401(k) may be tax deductible in the contribution year, with
current income tax due at withdrawal. Withdrawals prior to age 59 ½ may result in a
10% IRS penalty tax in addition to current income tax.

A Roth 401(k) offers tax deferral on any earnings in the account. Qualified withdrawals of
earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or
prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS
penalty tax. Limitations and restrictions may apply.

Securities and Retirement Plan Consulting Program advisory services offered through LPL Financial, a registered
investment advisor,
andmember
www.oswaldfinancial.com
Securities FINRA/SIPC.
Retirement Other advisory
Plan Consulting Programservices
advisoryoffered through
services offeredOswald
throughFinancial, a separate
LPL Financial, entity.
a registered
investment advisor, member FINRA/SIPC. Other advisory services offered through Oswald Financial, a separate entity.