Preparing for retirement is a top priority of smart financial planning. Rose International sponsors a 401(k) Plan through Fidelity to help you start saving now. Fidelity offers a variety of investment options to grow your earnings.
| 401(k) Information | |
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Overview |
You can contribute up to 80% of your eligible earnings, up to the IRS annual contribution limit:
If you are age 50 or older, you can make additional catch-up contributions up to the IRS annual contribution limit of $7,500. And if you are between 60-63 you can make a super catch-up contribution up to $11,250. |
| Eligibility |
You are eligible to participate in the 401(k) plan 24 hours after you receive your first payroll check and are over the age of 18. *Please note, that start-up and deferral changes may take up to 30 days to take effect. Existing employees may enroll or make deferral changes at any time. You may designate beneficiaries and allocate your asset distribution at any time. Personal contributions are added to your account conveniently through payroll deductions. |
| Company Match | Rose will match 25% of the first 7% that you contribute per paycheck (up to a maximum of $1,000 annually) |
| Vesting |
Your investment earnings are immediately vested. The company’s matching contributions are vested as follows:
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| Loans |
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A 401(k) plan is a retirement savings program established by an employer to which employees may contribute on a pre-tax basis. When you contribute to a 401(k) plan, you decide how much you want to contribute into your account. Your contributions can grow to become a significant part of your future retirement income.
Contributing to a 401(k) plan is an easy way to save; your contributions are deducted from your paycheck each pay period and invested in the funds you select in the Plan. This means you will be paying less in taxes than you would if you did not participate in the Plan. You may elect to save a different amount, including a zero deferral, at anytime. Your contributions will be invested in the Plan’s default investment option, a balanced fund, if you do not make your own investment election. Another benefit to participating in the Plan is the matching contribution made at the discretion of the Company.
You make Roth 401(k) contributions with after-tax money, so you see no immediate tax benefit. Any earnings from those contributions are tax-free when you take a qualified distribution.
Your combined elective deferrals –– whether to a traditional 401(k), a Roth 401(k) or to both –– cannot exceed $23,500 for tax year 2025 if you are under age 50.
If you are age 50 or more, you may contribute an additional $7,500 in the form of catch-up contributions.
Fidelity can help you create a flexible plan around the things that matter to you, so you can you feel in control and enjoy more of life right now
