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The 401(k) Lowdown: Everything You Need to Know
Eligibility
Age 21 & 1 Year of Service (700 hours in a plan year)
Plan Entry Dates
January 1st & July 1st
Vesting
Matching: Immediately 100% Vested
Automatic Enrollment Rate
3% Roth
In-Service Distributions
Employer Contributions
$0.50 per $1 up to 4%
Loans
Auto-Increase Program
Yes, 2% up to 20%
- Age 59 1/2, Hardship, and Deemed Severance Distribution - All Contributions
- Qualified Reservist Distribution - Elective Deferrals
None
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
April
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
July
Enrollment Meeting Month
Bi-Weekly Educational Emails
TBD
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