OBJECTIVE: This article provides information about the 401(k) Plan offered to Help at Home employees. Financial security is an important part of your total well-being. Help at Home is committed to helping you plan for the future by offering an easy way to build savings for retirement.
All employees are eligible to participate in the 401(k) Savings Plan, EXCEPT those under 21 years of age, union employees (unless specified in the CBA that they are eligible) Fidelity Investments handles enrollment, investment, and communication of the plan.
Effective 9/1/2023 auto enrollment into the 401(k) plan has been removed. To begin contributions or if you have questions, you can call Fidelity at 800-835-5097 or visit 401k.com.
Beneficiaries
Fidelity supports online beneficiary designations. Please complete your beneficiary designation on Fidelity’s site at www.401k.com.
Save with Pre-tax and Post-tax Dollars!
Beginning January 1, 2024, Help at Home will be offering the Roth 401(k) deduction!
A Roth 401(k) is a type of 401(k) that allows you to make after-tax contributions and then get tax-free withdrawals when you retire. Our current 401(k) deduction is a Traditional 401(k) deduction, which on the other hand, allows pre-tax contributions and the withdrawals in retirement are taxable.
Questions regarding the plan and investing should be directed to Fidelity at 800-835-5097 or visit www.401K.com for more information.
Source: Benefits Team