Retirement
What does retirement look like for you? Maybe you plan to travel the world. Or maybe you’d like to take up some hobbies closer to home. Whatever your goal, it’s important to plan for your own finances so you have the income you’ll need in the future.
One of the best ways to ensure a secure retirement is to start saving as early as possible. Our 401(k) savings plan provided through Principal Group allows you to save for retirement on a pretax basis. You can begin contributing to the plan at any time once you become eligible and can start making contributions to your account through convenient payroll deductions.
Who is Eligible for the 401(k)?
All U.S.-Based Regular employees are eligible to participate in the Retirement Savings Program. Casual employees may become eligible if they work a specified number of hours within defined measurement periods. The plan’s recordkeeper, Principal, will notify employees when they become eligible.
How Do I Enroll in the 401(k)?
You can enroll in the retirement savings plan by visiting your Principal Group’s website and registering with your personal information. Once registered, you’ll be able to select your contribution percentage.
Increase Your Retirement Savings with a 401(k)
- Secur-Serv will match your contribution for each dollar you contribute up to the first 3% of pay you contribute and 50% of the next 2% of pay you contribute
- Newly eligible employees will be auto-enrolled at 3% 30 days after they become eligible if they do not register and opt out.
- Contribute using convenient payroll deductions up to the IRS limit.
- IRS limits are set every year. Please check irs.gov for the current years’ contribution limits.
- Change the amount of your contributions or stop your payroll contributions at any time.
- Decide how to invest your 401(k) or allow the plan to choose for you.