Page 13 - Fort Health Care 2022 Benefit Guide

13 | P a g e

401(K) RETIREMENT SAVINGS PLAN

The Fort HealthCare 401(k) EMPLOYEE CONTRIBUTIONS Contributions are allowed up to the
Retirement Savings Plan offers a IRS annual limit. If you are 50 years
FHC will automatically withhold six (6%)
convenient way to save for your of age or older, (or if you will reach
future through payroll deductions. of your gross wages to be deposited age 50 by the end of the year), you
into the Plan. You have the option to
may make a catch-up contribution in
ELIGIBILITY accept this automatic enrollment or
“opt out” by electing a different addition to the normal IRS annual
You are eligible to participate on limit.
deferral option. You may also change
date of hire or when you turn age 21.
your deferral percentage at any time COMPANY MATCH
VESTING through the Principal website. Fort HealthCare matches up to 4%.

Vesting refers to your right of Contributions from your pay can be

ownership to the money in your directed to the following: FOR MORE INFORMATION
account. You are fully (100%) For additional details about the
• Traditional 401(k) – Pre-tax
vested in all contributions and 401(k) Retirement Savings Plan or to
basis
earnings once eligible for the plan. enroll or change your contribution
• Roth 401(k) – Post-tax basis rates or investment elections, please

logon to the Principal website.
• You may make both pre (401k) &
Additional information on the next
post-tax (Roth) contributions to
page.
the Plan.

RETIREMENT PLANNING/FINANCIAL ADVISING

You also have access to a financial advisor to help you through your retirement planning. This service is free to the Fort
HealthCare plan participants. You may reach out at any time to work with our Advisor, contact information below.
Onsite visits may be offered throughout the year – watch internal postings for additional information.

Timothy J Harrison
CFP, CRPC, CLU, ChFC Principal Financial Group
Financial Representative 933 Center Avenue
Principal Securities Oostburg, WI 53070
Phone: (920) 564-3836 Fax: (920) 564-2133
tim@roethelfinancial.com

Guide to Your Benefits | May 1, 2022 – April 30, 2023