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The 401(k) Lowdown: Everything You Need to Know

Eligibility
Age 21, 1 Year of Service with 1,000 hours

Plan Entry Dates
January 1st and July 1st

Vesting
'- Safe Harbor - 100% Vested
- Any Additional Profit Sharing Contributions - 6 year graded (1,000 hours in plan year)

In-Service Distributions
'- Age 59 1/2: All Contributions
- Hardship - Safe harbor reasons - Deferral, Any additional profit sharing contributions

Employer Contributions
3% Safe Harbor

Auto-Increase Program
Yes, 1% up to 10%

Loans
Any Purpose (3) - None less than $1,000
You Ask, We Answer: Payroll Streamlined
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Let’s Stay in Sync:
How We Keep the Conversation Going!

Trustee Review Month

Periodic Check-In Calls
February
Your Plan Advisor
Jim Gasaway

What they can help with:
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Investment questions such as
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Allocation choice​
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Deferral amount
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Investment risk
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Financial plan creation
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Retirement and legacy planning
Phone:
860-777-4015
Email:
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