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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
- Age 59 1/2 - All Contributions
- Age 55 - Nonelective
- Hardship - Elective Deferrals & Nonelective

Employer Contributions
Discretionary

Loans
Any Purpose (1) - $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
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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