Retirement Made Simple

From 401(k)s to ESOPs, we make retirement easier to understand.

 

  • What is a 401(k)

    A 401(k) is an employer-sponsored retirement account that helps you save and invest for the future. Contributions may offer tax advantages, and many employers also provide matching contributions.

  • What is an ESOP?

    An ESOP (Employee Stock Ownership Plan) gives employees ownership in the company through company stock. It’s designed to help build long-term wealth while aligning employees with company growth.

  • Traditional vs. Roth: What’s the difference?

    Traditional contributions lower your taxable income today and are taxed when you withdraw the money.

    Roth contributions are taxed today, but withdrawals may be tax-free if your Roth account has been open at least 5 years and you are age 59½ or older.

  • What happens if I leave my employer?

    Leaving your employer doesn’t mean losing your retirement savings. Depending on your plan, you may be able to roll it over, cash it out, or leave it invested.

    Know Your Options

Frequently Asked Questions

  • Keeping your beneficiaries up to date helps ensure your account is distributed according to your wishes. Log in to your account to designate your primary and contingent beneficiaries. If your spouse is not listed as your 100% primary beneficiary, a notarized Spousal Consent Form is required.

  • “Deferral” is another word for your retirement contribution the amount taken from each paycheck and deposited into your 401(k).

  • Access to your retirement money depends on your plan. Some plans allow loans, while others may offer withdrawal options during employment or after certain qualifying events. Contact us if you need help understanding your options.

  • Some plans allow hardship withdrawals for qualifying financial needs such as certain medical expenses, eviction prevention, funeral costs, or home repairs. Availability depends on your plan and IRS rules. Contact us to see if you qualify.

  • Traditional 401(k) contributions are deducted from your paycheck before taxes, which may lower your taxable income today.

    Roth 401(k) contributions are made after taxes, meaning you pay taxes now so eligible withdrawals may be tax-free later.

    Which is best? Learn which option may be right for you here.

  • Employer matching means your employer may contribute to your retirement account when you contribute, based on your plan’s matching formula.

  • Retirement accounts are invested in the market, so balances naturally rise and fall. Short-term changes are normal.

  • Depending on your balance and plan rules, you may be able to leave the money in the plan, roll it to another retirement account, or take a distribution. Check our your options here.

  • A good starting goal is to contribute at least enough to receive your full employer match, if available. Even small increases over time can make a big difference.

  • You can usually access retirement funds after leaving your employer, reaching retirement age, or through plan-specific loan or hardship options.

 

Still have questions? We’re here to help.

Email our experts.