Eligible employees can participate in the Company’s 401K plan by contributing pretax dollars up to the effective IRS limit. Currently 2016 the IRS annual limit is $18,000 with an additional $6,000 “catch-up” contribution provision for investors aged 50 and older. Employees can invest contributions across a broad selection of mutual funds. Contributions and investment earnings are not taxed until the funds are withdrawn from the plan. For the eligibility requirements of this plan and other details please refer to your company’s Benefit-At-A-Glance found on your ADP Workforce Now Portal in your Tools/Resources page.
For Additional Information, Contact your ADP 401k Advisor:
(978) 429-8656 (Office)
(508) 954-2034 (Cell)