Independent is pleased to announce that it will continue matching 50% of each employee's 401(k) contributions for the plan year beginning July 1, 2026, up to the annual company match limit of $650.
This means that an employee who contributes $1,300
or more during the plan year will receive the maximum company match,
resulting in a total investment of at least $1,950 in their retirement
account. The automatic enrollment salary deferral will continue at 4%
for employees when they become eligible to participate in the Plan.
While some companies have chosen to reduce or
suspend their 401(k) matching contributions, Independent remains committed to
supporting our employees' financial future. Continuing the company match
reflects our confidence in the strength and stability of the organization. The
Board approved the 401(k) committee’s recommendation. Independent’s
401(k) Committee includes: Charlene Bisson, CEO/President, Wanda Ford-Waring,
CS Vice President & Plan Trustee, Nicole Millner, CS Accounting Manager and
Kathleen Kotzbauer, Arizona Business Manager
Saving for retirement is more important than ever,
and the 401(k) Plan remains one of the most effective ways to build long-term
financial security. NFP Retirement Services is Independent’s co-fiduciary
who provides administration, investment consulting and other services to the
employees. NFP will be conducting one-on-one meetings to discuss
retirement, financial wellness and other related topics of the 401(k)
plan. Schedule a meeting with NFP’s wealth management advisory at https://go.oncehub.com/30minuteInitialConsultation
.
If you have questions about the 401(k) Plan or
how to invest, contact the NFP service team at 800-958-5124 (press 3) or
email TPAEdge@exchange.principal.com . Independent’s contract/plan ID#
is 7- 21638.
https://drive.google.com/file/d/1xoWXizbv7mcPSFy52Tgc3d1tpsz5bAgW/view?usp=sharing
