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Each partial cash payout must be at least $250 amounts from the Alcoa Stock Fund can be received as shares in kind . They are considered to be the worlds eighth biggest producer of aluminum. Quick Summary of Benefits: As of 2020, they have a record of almost 13,000 employees in their organization. In 2022, the IRS has raised the contributions limit for a 401k to $20,500 - up by $1,000. On April 1 of each year , your contribution rate will increase by your selected percent rate until your target rate is reached. Alcoa increased the contribution for every putative class member to $3,400 for the 2022 plan year. Your election to receive the cash amount of your account or to roll it over to another eligible employer plan or IRA must be received within 90 days of termination of employment or the following default treatment will apply. Any review, copying, distribution or use of this transmission is strictly prohibited.