Plan Details

Options: Our plan supports both 401(k) (tax deferred) and Roth (taxed) contributions.

  • Eligibility: You are eligible to start contributions the first of the month following your hire date.
  • Vesting Schedule: Upon deposit into your account, 100% of your payroll contributions and all company-match dollars are "owned" by you.
  • Contribution Changes: You can make changes at any time by logging into your Fidelity account at 401K.com.
  • Auto Enrollment: Upon eligibility, employees who have not indicated otherwise will be auto enrolled at 6% 401(k) following 30 days of employment.
  • Auto Enrollment Details

  • Automatic payroll contributions will start on the first paycheck following 30 days of employment.
  • You will automatically start contributing 6% into 401(k) (not Roth) each paycheck.
  • 100% of your contribution and the company match will invest in the appropriate Target Date Retirement fund (based on your age).
  • In January of each calendar year, auto-enrolled contributions will automatically increase by 1% until you reach 10% contribution.
  • If you don't want to be or stay auto enrolled: Log into your 401(k) account and change your contributions to zero (See "First-Time Login Instructions" below). Once you make a plan change, you will no longer follow the auto-enrollment investment schedule.

Company Match

  • Per IRS regulations, company-match dollars are deposited as 401(k) contributions regardless of which options (401(k) or Roth) you are using.
  • Company match dollars mirror your investment funds allocation (e.g. If you contribute 20% into ABC Index and 80% into Bald Eagle Fund, 20% of your company match will go into ABC Index and 80% into Bald Eagle Fund).


    You Contribute Company Matches     2020 2019
    1% 1%   Individual $19,500 $19,000
    2% 2%   Catch-Up* $26,000 $25,000
    3% 3%   * must be 55 years or older to qualify for the higher Catch-Up contribution limit
    4% 4%  
    5% 5%        
    6% or more 6%