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The 401(k) Lowdown: Everything You Need to Know
Eligibility
- Age 18 with 6 months of service
*Excluded Employees: Collective Bargaining (union) Employees & Non-resident Aliens
Plan Entry Dates
Monthly
Vesting
100% Vesting in all accounts
Automatic Enrollment Rate
3% Roth
In-Service Distributions
Employer Contributions
$0.50 per $1.00 match up to 4% (2% max) & 3% Safe Harbor Non-elective
Loans
Auto-Increase Program
Yes, 1% up to 10%
Hardship (Safe Harbor) - Elective Deferrals, Matching, and Nonelective
Hardship (1) - Can do refinancing of current 401(k) loans
You Ask, We Answer: Payroll Streamlined
How do I upload payroll?
How do I delete a duplicate payroll?
How do I change employee status information?
Let’s Stay in Sync:
How We Keep the Conversation Going!
Trustee Review Month
Periodic Check-In Calls
Monthly Educational Emails
January
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:
Your Employees, Always in the Know!
Market Update Month
April
Enrollment Meeting Month
Bi-Weekly Educational Emails
TBD
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