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The 401(k) Lowdown: Everything You Need to Know
Eligibility
- Age 21 with 1 Year of Service (1,000 hours in plan year)
*Excluded Employees: Collective Bargaining (union) Employees & Non-resident Aliens
Plan Entry Dates
January 1st & July 1st
Vesting
6 Year Graded (1,000 hours in a plan year)
In-Service Distributions
Employer Contributions
Discretionary
Loans
- Age 59 1/2 - All Contributions
- Age 55 - Nonelective
- Hardship - Elective Deferrals & Nonelective
Any Purpose (3) - $1,000 Minimum; 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
N/A - with Valley Oak
Your Plan Advisor
Matt Rzepka
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:
Email:
Your Employees, Always in the Know!
Market Update Month
N/A - with Valley Oak
Enrollment Meeting Month
Bi-Weekly Educational Emails
N/A - with Valley Oak
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