What is a 401k?
A 401(k) is an employer sponsored benefit that your Operator generously set up that allows you to save money, invest, save on taxes, and have the chance to receive a matching employer contribution. You have the ability to defer money directly from your own paycheck to save towards retirement and your Operator is able to come alongside you to provide a company contribution.
Am I Eligible?
21 YEARS OF AGE, 1 YR OF SERVICE, 1000 HOURS OF SERVICE
There are 3 areas of eligibility in order to participate in this 401K plan.
Age: You must be 21 years of age.
Years of Service: You must have worked for at least 1 year from your date of hire.
Hours of Service: You must have worked at least 1000 hours in that year of service.
If you meet the above criteria - You’re eligible!
If you’re not, don’t worry, you have something to look forward to.