401k

401(k) retirement savings plan

Neuco offers a 401(k) retirement savings plan, which is administered by The Standard.

The 401(k) retirement plan is offered to all employees who work at least 1000 hours in the plan year after one year of employment on enrollment dates January 1, April 1, July 1, October 1. The pre-tax contributions for retirement savings percentages and maximum dollar amounts vary from year to year based on plan participation, age of participant, and/or IRS limits. The Company currently makes a contribution equal to 3% of your compensation to your retirement account once eligibility requirements are met. This contribution is 100% vested.

Employees may elect to contribute into the plan once they have completed three months of employment with the Company. There will be no matching contribution from the Company on these deferrals until the employee meets the plan eligibility requirements. Refer to plan document for further details.

In addition, Neuco may make a discretionary matching contribution equal to a percentage of your deferrals. Neuco also may make a discretionary profit sharing contribution to the Plan. Your share of any contribution is determined by certain conditions. Refer to plan document for further details.

Resources
  • Title
NEW HIRES: YOU HAVE TWO WAYS TO ENROLL DURING YOUR ELIGIBILITY PERIOD
  1. Schedule an appointment below with a benefits counselor during the enrollment period.
  2. Enroll for benefits on-line. As a new user, register at employeenavigator.com/benefits/account/register

Your Company Identifier is: NEUCO2022. Look for the Enroll Now! menu item.