Retirement
What does retirement look like for you? Maybe you plan to travel the world. Or maybe you’d like to take up some hobbies closer to home. Whatever your goal, it’s important to plan for your own finances so you have the income you’ll need in the future.
Clyde & Co offers a 401(k) through Fidelity. The 401(k) plan allows you to save for retirement and enjoy significant tax advantages. You can contact Fidelity any time by logging in to 401k.com for more information about the plan, your account balance, making contributions, changing investment elections, initiating a rollover or requesting a loan or withdrawal.
Who is Eligible for the 401(k)?
All US-based employees over the age of 18 are eligible to participate in the company’s retirement savings plan.
How Do I Enroll in the 401(k)?
You can enroll in the retirement savings plan by visiting your plan provider’s website and registering with your personal information. Once registered, you’ll be able to select your contribution percentage.
Increase Your Retirement Savings with a 401(k)
- Clyde & Co contributes 3% of your eligible compensation as a Safe Harbor contribution each pay period – you are 100% vested in this contribution immediately.
- Contribute using convenient payroll deductions up to the IRS limit of $24,500 per year.
- Change the amount of your contributions or stop your payroll contributions at any time.
- Decide how to invest your 401(k) or allow the plan to choose for you.
- The 401(k) contribution limit for employees age 50 or older is $32,500 per year.
- The 401(k) contribution limit for employees age 60-63 is $36,500 per year.