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401 (k) Ret i rement Plan
Save today for a br i ght tomorrow!
W E L C O M E
You can take advantage of this employee benefit on
the first day of the month following employment.
C O N T R I B U T I O N S – I T ’ S Y O U R C H O I C E
You can contribute up to 100% of your eligible
compensation up to the annual IRS limit –
(2017 = $18,000, 2018 = TBD) Elections can be
divided between two plans:
•
Traditional 401(k) account Pre-Tax
•
Roth 401(k) account Post-Tax
If you are over 50, you may also make a catch-up
contribution up to the maximum (2017 = $6,000,
2018 = TBD) after you have contributed the maximum
level into the regular plan.
M E E T Y O U R M A T C H
The Company offers a Safe Harbor Match of 4% to
5% Employee Contribution (100% employer match on
the first 3% of your compensation plus 50% of your
salary deferrals between 3% & 5% of your
compensation. All are subject to Safe Harbor Rules,
eligible for matching following 6 months of
employment on the subsequent 1/1, 4/1, 7/1 or
10/1 enrollment date).
V E S T I N G
You are immediately 100% vested in your own
contributions and the Safe Harbor match!
R o l l M o n e y i n
You can rollover money into your
account from another 401(k) plan
at anytime. Contact HR or call
(888) 401-5629
to get started!
E N R O L L O N L I N E T O D A Y
www.newportgroup.comClick Login
→
Plan Participant
Username: Your Full SSN, no dashes
Password: Your Date of Birth (MMDDYYYY)
Tip: You are able to log into the website
after you receive your 2
nd
paycheck.
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