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The 401(k) Lowdown: Everything You Need to Know
Eligibility
- Immediately Eligible Upon Hire
*Excluded Employees: Part-time/Temporary/Seasonal Employees Expected to Work Less Than 1,000 Hours
Plan Entry Dates
Immediate
Vesting
100% Vested Immediately
Automatic Enrollment Rate
3% Pre-tax
In-Service Distributions
Employer Contributions
Match of $0.50 / $1.00 up to 4% each quarter (2% max), Discretionary Match & Discretionary Profit Sharing
Loans
Auto-Increase Program
Yes, 1% up to 10%
None
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
May
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
August
Enrollment Meeting Month
Bi-Weekly Educational Emails
TBD
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