sample
Welcome to the Sample 401(k) Plan
401k Education and Enrollment
How to enroll in the 401k:
Questions?
Questions on saving and investing call (714) 415-2680,
or schedule a time:
iwmfinancial.com/appointment
About the Plan
The 401k is held with ABC Custody to provide multiple tools, education resources, and additional means to serve you.
The Financial Advisor for the plan is: Bradley Shammas, CFP®, CPFA.
Eligibility
- Employee Eligibility
- You must attain age 21
- You must complete one (1) Year of Service and 1,000 Hours of Service
- Enrollments ever January 1st and July 1st
- Note: An Enrollment Kit must be signed and submitted
- Employer Match
- You must attain age 21
- You must complete one (1) Year of Service and 1,000 Hours of Service
- Select your salary deferral percentage—
- Up to 100% of your eligible pay*
- Up to $22,500/year, or $30,000/year if age 50 and over for 2023
- Employer Match
- The Employer will make Safe Harbor Contributions to the Plan in an amount not less than 3% of your Plan Compensation.
- Vesting
- Employee & Employer Safe Harbor Match: 100%
- Employer Matching Contribution and Profit Sharing: vest based on your Years of Vesting Service according to a 2-6 year graded vesting schedule (20% per year starting with two years of vesting service).
Already registered for the 401k?
Your Guide to Retirement
The road to financial security in retirement begins with a clear understanding of the benefits of investing, smart financial practices, and professionally guided investments.
Why Start Today?
Starting your retirement savings now is essential to achieving your long-term financial goals. The power of compounding interest amplifies the value or your investments – allowing every dollar to accrue additional value through gained interest. Over time, that gained value begins to generate additional value, exponentially increasing the growth of your wealth. Simply put, small investments today can deliver big impact to your future financial well-being.
Information provided by Orion Portfolio Solution, OPS Retirement Simplified Clients 401k Plans
What kind of investor are you?
DIY
The plan allows discretionary investing in any of the options available on the platform.
There are several fund families to choose from, including, but not limited to:
- American Funds
- Blackrock
- Fidelity
- PIMCO
- Vanguard
As an example of funds available on the plan, see the Vanguard Mutual Fund Strategist Model Portfolios.
These are the top five fund families, additional fund families can be made available by request. These investments are not endorsed, and should not constitute any representation as to the suitability or appropriateness of an investment. Investment availability is subject to change. Please consult with a financial professional.
Glidepath
If you want to hit the "easy button" you can pick one Target Date Fund to do it for you.
Several Target Date options are available, including:
- American Funds
- Blackrock
- Fidelity
- T. Rowe Price
- Vanguard
These are the top five fund families, additional fund families can be made available by request. These investments are not endorsed, and should not constitute any representation as to the suitability or appropriateness of an investment. Investment availability is subject to change. Please consult with a financial professional.
Designed Solution
We can build portfolios tailored to your specific needs and goals.
Relying on the expertise of your financial advisor can help make the most of your investments. Working to understand your financial goals, your advisor can take the stress out of investing, guiding you to strategies that are tailored to fit your unique needs.