Max 401k contribution

Max 401k contribution

In addition to the pension that most members will participate it is available to 401 (k) program.

Max 401k contribution are made by the member. Because entrepreneurs often make contributions to pension plans, there is no corresponding employer contributions to 401k.

Max 401k contribution

Members can contribute up to 25% of your salary before taxes (up to $ 17.500 in 2013) in an individual 401 (k).

Registration

Members may enroll twice a year for two registration periods before 1 January and 1 July. Registration will be effective to January 1 or July 1.

changes

Max 401k contribution rates can be changed four times a year – to the effective dates of January 1, April 01, July 01 or October 1.

Max 401k contribution to catch up

May be available up to $ 5,500 for 2013. Members who are at least 50 years of age at the end of this year to do to catch up Max 401k contribution. This catch limit in place adds to the normal range.

The Fund has contracted with the Principal Group as the service provider. The 401 (k) Savings Plan is administered by a professional staff. The Board of Directors takes all political decisions and control their operations.

Register and make changes

Registration forms

In order to start saving in a tax-deferred account, you must first complete a registration form (see link below) and send it to the Department of 401k. You should contact the Department of 401k, if you have any questions about completing the form.

This form is used only for the members first. If you were previously participating in the Plan, and would like to start making Max 401k contribution, you must complete Form Contribution voluntary change.