Retirement
A retirement plan can be a powerful tool in promoting financial security
in retirement. The Hendrick 401(k) and 403(b) plans help eligible employees
save and invest for retirement while receiving certain tax advantages.
Employees can choose how their contributions and Hendrick’s matching
contributions are invested. Administrative and record‑keeping services
for the 401(k) and 403(b) plans are provided by Fidelity.
- Employees are automatically enrolled in the retirement plan at a rate of
3% of earnings. Contributions taken are pre-tax and are placed in the
appropriate date‑targeted fund.
-
The pre-tax deductions will begin within
35 days of hire date.
-
Employees who do not wish to participate in the plan may visit NetBenefits at
www.netbenefits.com and
elect 0% contribution or contact Fidelity at 1-800-343-0860 for assistance with this process.
- Review your account balances
- Access investment option descriptions
- Request changes to your account
- Research investment performance
- Request a loan or distribution
- Enroll in the plan (if you were not previously enrolled)
- Choose your beneficiaries
For information about
Traditional/Pre-tax versus Roth contributions,
click here.
For additional information regarding managing your Fidelity account,
click here or contact Fidelity at
1-800-343-0860.