401(k) + Employer Match
- No waiting period – immediately eligible to participate, provided you are a full-time employee
- May contribute according to contribution limits set forward by the IRS
- Limits for 2025 are $23,500, an additional $7,500 if between the ages of 50-59 or 64+, and an additional $11,200 if between the ages of 60-63
- Access to both pre-tax and Roth 401(k) contribution options
- Automatic 5% employee contribution with 1% annual increase*
- Ability to change your contribution percentage at any time
- Employer Match is equal to 100% of your contributions up to 5% of your pay
- Diversified menu of investments to choose from
- Designate your beneficiary(s) at time of enrollment or later
- Loans and financial hardship distribution options are available while employed
Employee contributions and the Company Match are 100% vested from day one.
* Unless you select otherwise, you will be automatically enrolled in this Plan with a pre-tax contribution rate of 5% and an automatic increase of 1% annually on every August 1st until a contribution percent of 20% is reached. You will receive a notice from Empower, our 401(k) recordkeeper with details and instructions, and giving you 30 days to opt out or select a different contribution percentage. You can access Empower’s participant website to enroll now and over-ride these defaults, or be auto enrolled as explained.
Important Links and Documents:
Empower’s Tools & Resources:
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- Who is Empower?
- Empower’s mobile app — download for easy access on the go
- Guide to Change/Stop Contributions
- Market Volatility
- Information on Rolling Over Plans
- Empower Participant Guide
- Empower’s Account Security guarantee
- More information located on the Financial Wellness page
401(k) Retirement Plan Features and Highlights
401(k) Participation Guide
Changing Your Contributions
401(k) Investment Lineup
401(k) Summary Plan Description
Consolidate Your Retirement Accounts
Empower Mobile App
