401(a) plan
Plan details
Welcome to your 401(a) retirement plan. Click below to view the features and highlights of your employer’s retirement plan.
The plan highlights below are only for demo purposes.
Take advantage today
Participation in the plan is open to Management employees.
There is no age or service requirement for eligible employees to participate in the plan.
You can join the plan on the next entry date following completion of the required paperwork.
Starting early has its advantages
Employer contributions
This plan is 100% funded by your employer. Participant contributions, including rollovers, are not allowed.
Contributions are made according to the following schedule:
Employer annual contributions
| Sum of Age plus Eligibility Service | Percentage of Pay Contributions |
|---|---|
| Less than 40 |
|
40 - 49 | 3% |
| 50 - 59 | 4% |
| 60 or more | 5% |
Vesting
Vesting is a participant’s right of ownership to the money in his or her plan account. You will be 100% vested in the employer contributions after three years of service (generally requiring 1,000 hours of service during the year) or if you are employed on or after you reach Normal Retirement Age under the plan, even if you don't have three years of service.
Accessing your money before retirement
You may withdraw vested money if you meet one of the following requirements:
- Death
- Severance from employment
- Retirement
- Disability
- Attainment of age 59½
Income taxes are payable upon withdrawal and federal withdrawal restrictions and a 10% federal tax penalty may apply to early withdrawals prior to age 59½. Be sure to talk with your tax advisor before withdrawing any money from your plan account.
Important considerations before deciding to move funds either into or out of a Corebridge Retirement Services account
There are many things to consider. For starters, you will want to carefully review and compare your existing account and the new account, including: fees and charges; guarantees and benefits; and, any limitations under either of the accounts. Also, you will want to know whether a surrender of your current account could result in charges. Your financial professional can help you review these and other important considerations. Consult a tax professional before making a decision to move funds either into or out of a Corebridge account.
An array of investment choices
The following mutual funds and VALIC Fixed-Interest Option are available in your retirement plan. They provide you with the flexibility you need to create a suitably diversified portfolio that matches your personal retirement time horizon, investment risk tolerance and investment preferences.
- FOR RETIREMENT PLAN: View the entire list of funds and performance.
To view or print a prospectus, access “Prospectuses and Other Important Materials”. The prospectus contains the investment objectives, risks, charges, expenses and other information about the respective investment companies that you should consider carefully before investing. Please read the prospectus carefully before investing or sending money. You can also request a copy by calling 1.800.428.2542.
RO 2397677 (9/2022)