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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
Quarterly
Vesting
- Safe Harbor: 100%
- Employer Contributions: 6 Year Graded (1,000 hours in plan year)
Automatic Enrollment Rate
3% Roth
In-Service Distributions
Hardship - Elective Deferrals & Nonelective
Employer Contributions
$1 per $1 up to 3% and $0.50 per $1 from 3-5% Safe Harbor Match
Auto-Increase Program
Yes, 1% up to 10%
Loans
Any Purpose (3) - $1,000 Minimum
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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