Fidelity

The 401(k) Plan (Fidelity) begins on your date of hire. You are automatically enrolled at 5% unless you opt out through Fidelity.

  • Tax Savings


    Once you make an election to defer some of your salary into the plan, your pre-tax contributions are deducted from your pay before income taxes are taken out. This means that you can actually lower the amount of current income taxes you pay each period. It could mean more money in your take-home pay versus saving money in your taxable account. Also, you pay no taxes on any earnings until you withdraw them from your account, generally at retirement, enabling you to keep more of your money working for you now.

  • Convenience


    Your contributions are automatically deducted regularly from your paycheck.

  • Consolidation


    You can rollover your existing 401(k) balances held with a prior employer into your current plan.

  • Investment Flexibility


    You have the flexibility to select from investment options that range from more conservative to more aggressive, making it easy for you to develop a well-diversified investment portfolio.

  • Fidelity Advisor Freedom Funds


    Learn more about Fidelity Advisor Freedom Funds, a single investment option with built-in asset allocation. The funds are designed for investors expecting to retire around the year indicated in each fund’s name.

  • Automatic Enrollment


    The plan does offer an automatic enrollment feature. Unless directed otherwise, all employees will be automatically enrolled with a 5% contribution effective 30 days from their hire date. Please contact Fidelity for additional information.

401(k) Savings Plan

Provider: Fidelity Investments

Phone: 800-294-4015

https://www.fidelity.com/

Each new enrollee will receive an enrollment kit directly from Fidelity Investments. Please contact Fidelity at (800) 294-4015 if you have any questions about the plan.

Please contact Derek Otremba, CBIZ Retirement Plan Consultant, at 443-259-3288 with any investment questions.