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Your 401(k) Savings Plan
Managing Your Account
The 401(k) Savings Plan is offered by participating employers and administered by the Company. Log on to PowerLine from the Associate Kiosk or for more information about the 401(k) Savings Plan.
JCPenney provides Associates with competitive benefit programs. Consistent with our WINNING TOGETHER Principles, we also provide a savings and retirement program to help Associates prepare for the future and retirement. You and the Company contribute to a tax-favored account to help you build your savings for retirement.
Whether you're just starting your working career or you're close to retirement, the Company offers the 401(k) Savings Plan to help you prepare for the future. The 401(k) Savings Plan, along with Social Security and your own savings, can help you build your savings for retirement.
This information is intended to be a summary of your benefits under the J.C. Penney Corporation, Inc. Savings, Profit-Sharing and Stock Ownership Plan ("401(k) Savings Plan") and does not include all plan provisions, limitations and exclusions. If there is a discrepancy between this book and the official plan document, the plan document will govern. The description of the 401(k) Savings Plan is not intended as an employment contract or a guarantee of current or future employment. The Company reserves the right to modify, amend, suspend or terminate the plan at any time.