Page 15 - Acadia 2022 Benefits Guide | DBI
P. 15
Discover My Acadia Retirement
401(k) Retirement Plan
The 401(k) Plan is designed to help you achieve your
retirement goals.
You may enroll by contacting Empower at 866.467.7756
or by using the online enrollment option available at
www.empowermyretirement.com.
You are eligible to receive a discretionary employer match if you
are employed on December 31st of the year for which the match
is calculated and completed at least 1,000 hours of service
within the plan year. The plan includes a four- year graded
vesting schedule for employer matching contributions.
You may choose to make contributions up to the annual
IRS maximum, $19,500 in 2022*. Contributions may be
designated as traditional pre-tax contributions, after-tax Roth
contributions, or a combination of both without exceeding the
IRS annual limit.
Participants turning age 50 or older during the plan year may
contribute an additional $6,500*.
You may choose from several investment options for
your contributions. You can increase, decrease, stop your
contribution, or make changes to your investment options at
any time.
Contact Empower at 866.467.7756 or go online at
www.empowermyretirement.com.
y Join/Change your contribution percentage
y Change/Make investment allocation changes
y Update/Designate your Beneiciary information
y Process Rollovers and Withdrawals
y Find resources and interactive planning tools
y Discuss any questions regarding the plan
Visit www.empowermyretirement.com to access your account
and obtain a summary of plan provisions.
* The 401(k) maximum contribution is subject to change for 2022.
For additional information please reference the IRS website,
www.IRS.gov.
2022 Employee Beneits Guide | 15
401(k) Retirement Plan
The 401(k) Plan is designed to help you achieve your
retirement goals.
You may enroll by contacting Empower at 866.467.7756
or by using the online enrollment option available at
www.empowermyretirement.com.
You are eligible to receive a discretionary employer match if you
are employed on December 31st of the year for which the match
is calculated and completed at least 1,000 hours of service
within the plan year. The plan includes a four- year graded
vesting schedule for employer matching contributions.
You may choose to make contributions up to the annual
IRS maximum, $19,500 in 2022*. Contributions may be
designated as traditional pre-tax contributions, after-tax Roth
contributions, or a combination of both without exceeding the
IRS annual limit.
Participants turning age 50 or older during the plan year may
contribute an additional $6,500*.
You may choose from several investment options for
your contributions. You can increase, decrease, stop your
contribution, or make changes to your investment options at
any time.
Contact Empower at 866.467.7756 or go online at
www.empowermyretirement.com.
y Join/Change your contribution percentage
y Change/Make investment allocation changes
y Update/Designate your Beneiciary information
y Process Rollovers and Withdrawals
y Find resources and interactive planning tools
y Discuss any questions regarding the plan
Visit www.empowermyretirement.com to access your account
and obtain a summary of plan provisions.
* The 401(k) maximum contribution is subject to change for 2022.
For additional information please reference the IRS website,
www.IRS.gov.
2022 Employee Beneits Guide | 15
