Page 21 - Interior Architects-2022-23-Benefit Guide

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. To help you meet your goals and objectives, we offer a
401(k) Retirement Savings Plan, administered by Fidelity, with multiple investment options. Key details
and features of our plan are listed below.

Employee contributions Employee Stock Ownership Plan (ESOP)
You can contribute up to $20,500 in 2022, and if The IA Employee Share Ownership Plan (ESOP) allows
you are age 50 or older, you may contribute up to an employees to be granted shares of a trust in Interior
additional $6,500 as a “catch-up” contribution. Architects, Inc. At the discretion of the firm, shares can be
purchased for the ESOP and distributed to eligible staff.
Contributions may be made on a pretax or Roth Eligible staff are employees that have completed 1,000
after-tax basis. hours of service and are an active employee on the last
day of the plan year. Employees do not need to enroll in
Vesting this plan. If shares are allocated, participating employees

Vesting refers to your ownership of the money in will be provided detail from the ESOP administrator.
your 401(k). You are always 100% vested in your Questions regarding the ESOP can be directed to IA’s
contributions to the plan.
Director of Human Resources at 415-296-5369.

More Information

΅ You can enroll in the plan and make changes to
your contributions at any time
΅ Fidelity has many different investment options
for you to choose from, along with tools and
resources you can use to determine which
options best meet your investment objectives.
For additional details about the 401(k) Retirement
Savings Plan or to enroll or change your
contribution rates or investment elections,
visit www.401k.com or call 800-343-3548.

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