How to make the most of YOUR retirement and financial coaching benefits.
401k Overview
401k Video Overview
What happens if I do nothing?
Does my employer contribute?
What if I need help making decisions?
401k Video Overview
What happens if I do nothing?
Automatic Enrollment: To make it easy, you automatically enroll in the 401(k) at a 6% savings level. Contributions are deducted from your paycheck before taxes, unless you make a different election.
If you do not wish to participate, you must login to opt out!
Does my employer contribute?
Walz Group contributes $0.25 for every $1.00 you save, up to a 4% savings level and $0.50 for every $1.00 you save of the next 2%.
Don’t Give Away Free Money. If you save 6% Walz Group will contribute 2% to your retirement future. After one year of service, you are also eligible for Walz Group’s Profit Sharing Contribution.
What if I need help making decisions?
An Align coach can help you understand and navigate your financial decisions for your 401k and beyond.
Getting Started
When can I join?
What if I need help deciding?
How do I enroll?
What is a 401k?
What is a Target Date Fund?
Is Roth or Pre-Tax better?
What’s my risk tolerance?
Need help?
When can I join?
You can join the plan the first of the following month after you’ve completed 30 consecutive days of service.
For Example:
If you start January 15th, you will complete 30 days of service on February 14th and will be enrolled on March 1st.
You are eligible for the employer match and profit-sharing on the 1st of the month after you complete 1 year of service.
For Example:
If you started January 15th, 2023, you will be eligible February 1st, 2024.
What if I need help deciding?
An Align coach can help you understand and navigate your financial decisions for your 401k and beyond.
What is a 401k?
What is a Target Date Fund?
Is Roth or Pre-Tax better?
Need help?
An Align coach can help you understand and navigate your financial decisions for your 401k and beyond.
Manage My 401k
How do I access my account?
What if I need advice?
What if I need to take money out?
What if I change jobs?
Should I designate beneficiaries?
Cybersecurity: How do I protect my account?
How much should I be saving?
What should I know about investing?
What if I need advice?
An Align coach can help you understand and navigate your financial decisions for your 401k and beyond.
What if I need to take money out?
Saving in a retirement plan is, of course, intended to be a long-term investment for you.
You can make penalty free withdrawals after age 59 1/2.
In the event of an emergency, the plan does allow for Hardship Distributions.
Schedule 1-on-1 Session Now to discuss your situation.
What if I change jobs?
Don’t Worry, you don’t lose the savings that you contributed.
Your employer may have rules about how much of their employer contributions you get to keep.
You can transfer your savings to another plan, a personal IRA or, as a last resort, you can cash out.
Before You Decide:
Schedule 1-on-1 Session Now
Should I designate beneficiaries?
In the event of your passing, your savings will transfer into the ownership of your named beneficiaries.
Make sure your named beneficiaries remain up-to-date! The most common reasons to make changes are due to marriage, divorce or having children.
Visit Empower to view and update your beneficiaries.
Cybersecurity: How do I protect my account?
Take the following steps to help protect your account:
- Set up your online access and log on frequently.
- Use a strong username & password.
- Keep your contact information up to date.
- Enable Multi-Factor authentication.
- Use current anti-virus protection on all your devices.
Visit Empower for details on their Cybersecurity policy or read their Security Tips.
How much should I be saving?
What should I know about investing?
Help Beyond 401k
How can Align help me?
How much will it cost me?
What is MoneyNav?
How do I get started with MoneyNav?
Can I just talk to someone?
How can Align help me?
From helping you set your first budget to applying for Social Security, your Align coach can help you in any financial phase.
How much will it cost me?
Financial coaching is part of your retirement benefit program.
You’ll never get a bill for asking a question or requesting advice.
What is MoneyNav?
How do I get started with MoneyNav?
We have designed an assessment to help determine where you are and what your first steps should be.
Can I just talk to someone?
An Align coach can help you understand and navigate your financial decisions for your 401k and beyond.