401K Retirement Savings Plan

You are eligible to participate in the 401(k) Savings Plan effective the 1^st of the month following 90 days of employment.  Enrollment in the plan is automatic at a 4% pre-tax contribution level.  The plan also has an auto-savings feature, which automatically increases your deferral election by 1% (up to a maximum of 10%) at the beginning of each year.  If you wish to opt-out of the automatic enrollment and/or increase, you must do so through Mass Mutual

You may contribute 1% to 100% of your pre- or post-tax earnings to your account.  The plan does have an automatic increase feature that will increase your deferral election by 1% at the beginning of each year and has loan and hardship withdrawal features.  Please refer to the Summary Plan Description located on the Benefits Homepage for more information.

Metromont will make a matching pre-tax contribution of 100% of the first 4% of your contribution election. There is a 90-day wating period (beginning on your 1st day of employement) to become fully vested in the company match. 

Please refer to the Summary Plan Description for additional information on contributions, vesting, and pension benefits.

If you would like to make a change to your contribution amount, please use the form below.

 

                                                                                    

Contacts

Empower

1-800-338-4015   www.Empower-retirement.com