New Employee
Defined Contribution/401(k) Plan
We offer you a dollar-for-dollar match of up to 6 percent of your total compensation with our 401(k) plan, which is administered by New York Life. If you choose not to contribute any of your money, your employer will contribute an amount equal to 3 percent of your total compensation into your 401(k) account. This is called the fixed employer contribution amount.
- Enrolling in your 401(k): After you have received your first system generated paycheck, Visit www.bcomplete.com or call New York Life at 1-800-294-3575 to make your 401(k) contribution and investment elections.
- Automatic Enrollment: If you do not make an election to participate in the 401(k) plan within 45 days of your hire date, we will automatically enroll you in the plan at a 3 percent contribution rate. This 3 percent will increase by 1 percent increments each anniversary date of hire up to a maximum of 15 percent.
- Changing Funds or Contribution Amounts: You can make changes to your 401(k) account at any time, but be aware of the payroll processing deadlines.