Retirement

What does retirement look like for you? Maybe you plan to travel the world. Or maybe you’d like to take up some hobbies closer to home. Whatever your goal, it’s important to plan for your own finances so you have the income you’ll need in the future.

One of the best ways to ensure a secure retirement is to start saving as early as possible. Our 401(k) savings plan allows you to save for retirement on a pretax basis. You can begin contributing to the plan at any time once you become eligible and can start making contributions to your account through convenient payroll deductions.

Who is Eligible for the 401(k)?

All US-based employees over the age of 18 with 90 days of service are eligible to participate in the company’s retirement savings plan.

How Do I Enroll in the 401(k)?

You will be automatically enrolled at 3% once you become eligible. Your contributions will increase 1% each year until you reach 6%. You can opt-out or change your contribution at any time by visiting your plan provider’s website.

Increase Your Retirement Savings with a 401(k)

  • Eskaton Properties will match your contribution for each dollar you contribute to the plan, up to the first 4%.
  • Contribute using convenient payroll deductions up to the IRS limit of $24,500 per year.
  • Change the amount of your contributions or stop your payroll contributions at any time.
  • Decide how to invest your 401(k) or allow the plan to choose for you.
  • If you are between 50-59 years of age, you can contribute an extra $7,500*.
  • And if you’re 60-63, you can contribute an extra $11,250*

*IRS restrictions may apply, discuss with human resources for more details.

 

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