401k

Access and manage your 401k account right from your phone! 

https://myplan.johnhancock.com/login 

ALL Employees will be automatically enrolled into Juut's 401k once eligible, the first of the quarter after 90 days of employment. 

You must actively opt-out if you do not want to be enrolled automatically at 5%. 

Juut Salon 401(k) 

Plan Highlights 

Eligibility: Must be 18; completed 3 months of service. Quarterly entry dates

Auto enrolled at 5%; increase by 1% annually to max of 12% 

         Employer Match: 10% of the first 5% of salary deferral 

6-Year Vesting Schedule for Match

2025 IRS Contribution Limits: $23,500 per year, participants age 50 or over at the end of the calendar year can also make catch-up contributions. You may contribute additional elective salary deferrals of: $7,500 in 2025 

Roth and Tradtional 401(k) Options

Roth: After-tax contributions that grow tax free (no taxation upon withdrawal)

Traditional: Pre-tax contribution and grows tax-deferred (taxation upon withdrawal) 

Numerous fund choices are offered through John Hancock

Default fund: American Century One Choice Target Date Funds