Retirement Retirement Landing page April 28, 2024

Your Retirement Information

Thinking About Retirement?

Click here to learn more about the impact on your benefits

The American Greetings Retirement Savings Plan (Plan #091997) is designed to help you reach your long-term retirement financial goals. Participating in the Retirement Savings Plan, administered by Vanguard, may be one of the best things eligible associates can do to save for their retirement.

It's easy to save with pre-tax payroll deductions. You are automatically enrolled when you become eligible to participate at a pre-tax contribution rate of 6% of your eligible pay beginning 1/1/2018 (or 3% if enrolled prior to 1/1/2018), unless you select another contribution percentage rate at the time of enrollment by contacting Vanguard. In order to maximize your match you should save at least 6% of your pay.

Eligibility Guidelines

  • Regular full-time and part-time associates and group class 17 associates are immediately eligible to participate in the plan.
  • Field Coordinators and Revision Leads, full and part-time merchandisers, leased employees, residents of Puerto Rico, independent contractors, and certain union employees are not eligible.

Company Matching Contributions

If you are making pre-tax or Roth contributions to the Plan, you are eligible to receive Company Matching Contributions. The matching contributions are made in each pay throughout the Plan year. The Plan year is the calendar year beginning January 1 and ending December 31. The Company match is $1 for each $1 you contribute up to 6% of eligible earnings. This dollar-per-dollar match equals a 6% Company contribution.

What happens to my account when I leave AG?

Name a Beneficiary!

The person you name as your beneficiary will inherit the hard-earned money you’ve saved in your account. To name a beneficiary, log on to your account at vanguard.com/retirementplans. You’ll need your beneficiaries' date of birth, mailing address or last 4 digits of social security number.

You are always 100% vested in the money you have in the plan. That is, you have the right to receive the full value of your account if you leave the company or retire. AG will notify Vanguard that you no longer work for the company. This usually will occur within a couple of weeks of your termination. Vanguard will then send a termination distribution packet to your address on record. This packet will detail and explain the distribution options available to you as a former employee.

For more information:

Other Retirement Plans

American Greetings offers the Gibson Greetings Defined Benefit Pension Plan (benefits in this plan were frozen December 31, 2000). For questions contact the Gibson Greetings Service Center administered by USI Consulting Group at (833) 327-1082.

The Contempo Colours, Inc. Union 401(k) and Pension Plan for the Kalamazoo Union terminated October 3, 2011. For questions contact PNC at 1-800-374-4631.

If you are eligible for retiree health care and need additional information, contact AmWINS Retiree Administration at 1-844-796-3621.

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