The 401(k) Lowdown: Everything You Need to Know
Eligibility
- Age 18 - All Contributions
- 2 months - Elective Deferrals & Matching
- 1 year (1,000 hours) Safe Harbor & Additional Nonelective Profit Sharing Contribution
*Excludes collective bargaining (union) employees and non-resident aliens
Plan Entry Dates
- Elective Deferrals & Matching: Monthly
- Safe Harbor & Additional Nonelective Profit Sharing Contribution: January 1st & July 1st
Vesting
- 100% Vested - Safe Harbor 3%
- 6 Year Graded (1,000 hours plan year) - Matching & Additional Profit Sharing Nonelective
- 100% vested upon death or disability
Automatic Enrollment Rate
3% Roth
In-Service Distributions
Hardship - Elective Deferrals, Matching, & Nonelective Profit Sharing Contribution
Employer Contributions
$0.25 per $1.00 up to 4% matching and Safe Harbor 3% Non-Elective (Maybe)
Auto-Increase Program
Yes, 1% up to 10%
Loans
1 loan, Hardship only (minimum $1,000)
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
With Beyond Financial Planning
Your Plan Advisor
Greg Hardy
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) 492-6984
Email:
