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The 401(k) Lowdown: Everything You Need to Know
Eligibility
- Age 21 & 1 Year of Service (1,000 hours in a plan year)
* Exclude collective bargaining (union) employees and non-resident aliens
Plan Entry Dates
January 1st & July 1st
Vesting
6-year graded (1,000 hours Plan Year)
In-Service Distributions
- Age 65: All Contributions
- Hardship: Elective Deferrals & Non-Elective
Employer Contributions
$1 per $1 up to 3% then 50 cents per $1 from 4% -5% Safe Harbor Match, DSCR Profit Sharing
Auto-Increase Program
Yes, 1% up to 10%
Loans
Any Purpose (3)
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 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:
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