401(k)
Whether retirement is down the road or right around the corner, it is important to have savings goals and specific investment objectives. To help you meet your goals and objectives, we offer a 401(k)-retirement service through Heritage Pension Advisors, Inc. Key details and features of our plan is listed below.
401(k) Plan Information
- Employees are eligible after 90 days of employment with Rendr
- Changes to contributions are made in PrimePay
- Safe Harbor Match- up to 4% of compensation
- Plan includes both traditional 401 (k) with pre-tax contributions (taxes paid at withdrawal) and after-tax Roth 401(k) (not taxes paid at withdrawal)
- Plan includes a loan option (pay yourself back principal and interest) – minimum balance required
- Hardship withdrawals permitted
- Rollover contributions from other 401(k)/IRA plans
Resources
For any additional information, Heritage Pension Advisors, Inc has created a brief video to introduce plan participants to the new site. You can view the demo on the Heritage Pension Advisors Home Page at www.HeritagePension.com.
If you have any questions on your account, you may always call toll-free at 1-800-474-0293.
Note: Minimal fees will be charged to your account. There will be a record keeping and administrative fee charged monthly, and an investment advisory fee charged quarterly. Please note that charging these fees is standard practice. Rendr has opted for these fees to be broken out separately as opposed to having them buried in the investment gain/investment loss designation as is common in most plans so employees can see exactly what they are paying. Lastly, the fees being assessed, according to industry standard, are very low.
