401(k) Retirement Savings Plans
A 401(k) Plan is an employer sponsored retirement plan that allows you to put money away for retirement.
Aeropres employees have two options: Traditional 401(k) - AND - the Roth 401(k)
Enrollment packets are mailed out to your home address one month before you are eligible to participate. You will receive an enrollment guide and instructions on how to set up an online account and join the plan.
The majority of American workers will accumulate their retirement savings through a 401(k) plan. We want you to be able to cover yourself at retirement so it's important you understand the benefits of the Aeropres plan. We encourage you to take full advantage of this benefit so you can achieve your retirement goals.
Plan highlights
Example:
If you contribute: 10%, then Aeropres contributes: 5%
If you contribute: 8%, then Aeropres contributes: 4%
Eligibility - Six months of service - then quarterly enrollment begins the first of the following months: January, April, July, October
Aeropres employees have two options: Traditional 401(k) - AND - the Roth 401(k)
Enrollment packets are mailed out to your home address one month before you are eligible to participate. You will receive an enrollment guide and instructions on how to set up an online account and join the plan.
The majority of American workers will accumulate their retirement savings through a 401(k) plan. We want you to be able to cover yourself at retirement so it's important you understand the benefits of the Aeropres plan. We encourage you to take full advantage of this benefit so you can achieve your retirement goals.
Plan highlights
- Aeropres contributes 3% of your salary to your 401(k) account (whether you contribute or not)
- Aeropres will also match 50 cents on the dollar up to 10% of employees contribution
Example:
If you contribute: 10%, then Aeropres contributes: 5%
If you contribute: 8%, then Aeropres contributes: 4%
Eligibility - Six months of service - then quarterly enrollment begins the first of the following months: January, April, July, October
- Welcome to Ascensus - Retirement Savings Account: http://myaccount.ascensus.com/rplink or contact the IVR (interactive voice response system) by phone at 866-207-0363
- Retirement Savings – Designation of Beneficiary Form Complete and return original document to Human Resources.
- Avoiding 401(k) Loans