401(k) Retirement Plan

Saving for the future takes focus and planning. When it comes to achieving financial security, set-it-and-forget-it is not an option. Whatever your ultimate retirement goals are —lots of travel, starting a new business, doting on your loved ones— take full advantage of your benefits to help you get there.

Your Contributions:

Your plan lets you contribute up to 50% of your before-tax pay, up to the IRS limit. *

*Mandatory deductions will be taken before salary deferrals.

Catch-up Contributions:

If you will be age 50 or over as of the end of the year and have already contributed the maximum allowed by your plan, you can make up for lost time with an additional catch-up contribution. The IRS catch-up contribution limit may vary each year, and catch-up contributions are not eligible for matching contributions.

EMPLOYER CONTRIBUTIONS:

Take full advantage of your employer match. When you participate in the plan, Jo-Ann Stores, LLC, rewards you with additional money toward your retirement through a matching contribution. For every before-tax dollar you contribute up to 6%, your employer will add 50 cents to your account. Don’t miss out on money that’s part of your retirement plan benefit.

For detailed information, please read the flyers below.