Retirement
Technology Associates provides an individual 401(k) retirement account through the Fidelity family of funds. Fidelity has an extensive investment portfolio that can be tailored to meet the employee's retirement and investment needs.
Each year, Technology Associates contributes 8% of an employee’s gross salary (including earned bonuses) to the 401(k) account. This is not a match as at other companies; no employee contribution is required to receive this 8%. Of course, employees may also elect to contribute additional pre-tax income via payroll deduction (subject to the current IRS maximums).
A Roth 401(k) option is also available, which allows employees to contribute after-tax income via payroll deductions.
Any combination of pre-tax and after-tax contributions is available, subject to the IRS contribution maximums, allowing the employee to custom tailor their retirement plan to suit their individual needs.
There is no vesting period; all 401(k) accounts are 100% employee-owned. However, you must be an employee of Technology Associates on December 31 of the plan year to receive the full company 8% contribution.
