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The 401(k) Lowdown: Everything You Need to Know
Eligibility
- Age 18 & 1 Year of Service (1000 hours in a plan year)
*Exclude collective bargaining (union) employees and non-resident aliens and Part time/Temporary/Season with less than 1000 hours
Plan Entry Dates
Quarterly
Vesting
Match & Nonelective - 4 Year Graded (1,000 hours in plan year)
Automatic Enrollment Rate
3% Roth
In-Service Distributions
Hardship - Elective Deferrals, Match, and Nonelective
Employer Contributions
$0.50 per $1 up to 8% Match (4% max)
Auto-Increase Program
Yes, 1% up to 10%
Loans
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
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:
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