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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
6-Year Graded (1,000 hours in each year)

Automatic Enrollment Rate
3% Pre-tax

In-Service Distributions
Age 59 1/2 - All Contributions

Employer Contributions
$1 per $1 up to 3%

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

Loans
Hardship (1) - $1,000 minimum
You Ask, We Answer: Payroll Streamlined
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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
November
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:
269-324-0080
Email:
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