401(k)
Your 401(k) plan is a tax-advantaged retirement account designed to help you prepare for the future. The plan allows for both pre-tax or after-tax (Roth) contributions. Participants must be 18 years of age or older to join the plan.
The plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).
401(K) |
|
|---|---|
Qualification Period |
6 months of employment |
Eligibility |
Eligible to participate in the plan on the first day of the |
Auto Enrollment |
When eligibile, an auto deferral is set at 6% unless electing |
Employer Match Schedule |
Employee Contribution % / MCM Match % |
Vesting, after Years of Service |
After 2 years – 20% |
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The Trust Company
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