Page 19 - Leona Arizona Employment Group Flipbook

401(k) Retirement Savings Plan

Whether retirement is way down the road or just around the corner, it’s important to have savings goals and specific investment
objectives. You may be eligible to participate in Leona’s 401(k) Retirement Savings Plan with Transamerica.

Eligibility Vesting
Employees Vesting refers to your ownership of the money in your 401(k).
Employees are immediately vested into their own and the
Employees who are at least 18 years of age may enroll in employer matching contributions. The plan has provisions for
Leona’s 401(k) plan on the first of the month following 30
hardship withdrawals and loans.
days of service without the company match.
Learn More
Key Details
For more information about enrolling into the 401(k) or
Under this plan, eligible employees may designate either a
changing the amount you can contribute to the plan,
dollar amount or a percent of their pay to be payroll deducted please go to the Employee Portal: www.paycom.com.
on a pretax basis and invested at the employee’s direction into
a Retirement Savings Account. After completing one year of
service and working 750 hours within that year, employees are
eligible to receive the company match, which is dollar for
dollar, up to a maximum of six percent (6%) of the employee’s
compensation for that payroll period.

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