Page 7 - The Source

TRIVIA

401 (K) FAQ’s

• When can I enroll in the 401(k) plan? Eligibility
starts on the 1st of the month following 6 full
months of employment. Example: Date of hire
is 1/13. The 6 month counting period begins 2/1
and ends 7/1, making the eligibility date 8/1.
• How much can I contribute? You can contribute You learned in the newsletter that
from 1% to 90% of your pre-tax compensation as employees of a law firm, it is our
each year. The maximum amount for 2018 is
$18,500. You may contribute an additional $6,000 responsibility to take the confidential
at the beginning of the year in which you turn age
50, for a maximum of $24,500 yearly. information we work with seriously.
• How much does the firm match? Up to 4% What was one of the tips we
each period that you contribute.
• When am I fully vested? Immediately 100% suggested in the newsletter to help
vested in your employee elective deferral, better safeguard this information?
matching funds and rollover contributions.
• How do I sign up?
○Go to www.mykplan.com Please email your response
○Click on Register Now and follow the prompts to jennifer.varela@qpwblaw.com.
• What if I need more detailed information? The first person to respond
Contact our financial advisor Craig Rosen from correctly will win a giftcard!
Edward Jones at 954-472-9995

Page 7