Effective April 20, 2021
The Company has established a retirement savings plan for our employees.
Basic Details:
- Upon your enrollment, the company will contribute up to 2% of your annual income to a Savings Incentive Match Plan for Employees of Small Employers (SIMPLE).
- For example: if your annual income is $35,000 and you contribute 2% ($700) to the plan, the Company will match your contribution for a total of $1,400 in retirement savings for the year.
- Employee contributions are made on a per paycheck basis.
- Employer contributions are made at the end of each calendar year.
- Additional details about this type of retirement plan can be found in IRS Form 5304-SIMPLE.
- To enroll in this benefit, contact your Financial Advisor or David Matthews at the Randolph Brooks Federal Credit Union Investments Group. David can also advise you on how to use this plan to save even more money for retirement.
David can be reached:
Office Phone: 210.637.4569
Email: david.matthews@ampf.com
Website: www.ameripriseadvisors.com/david.matthews
