
United Rotary Has a New 401(k)!
In partnership with T. Rowe Price and BMG Advisors, URB Corp is proud to offer a new 401(k) platform with an employer match of your contribution. Now, for every dollar you contribute up to 4% of your pay, your employer will make a 100% match.
Example:
Every pay period, you make $15/hr, and work 80 hours over two weeks; that's a total of $1,200. If you elect to save 4% of your pay into your retirement savings plan, United Rotary Brush Corp will match an additional 4%!
4% of $1,200 = $48.00 (your contribution)
4% of $1,200 = $48.00 (employer contribution)
Total Contribution = $96 each pay period
FAQs:
1) Do I have to defer 4% of my pay to get a match?
No! You can defer any amount you want up to the IRS limits, but your match caps out at 4%. If you deferred 2% of your pay, for example, URB will match 2%. If you defer 10%, URB will match 4% but stop there.
2) Who is T. Rowe Price?
They are a national company that handles thousands of 401k plans for companies just like yours. Once the new plan us fully up and running, you will have a unique login to see your account at T. Rowe's retirement plan website set up for United Rotary Brush. In 401k terms, T. Rowe Price is called the "recordkeeper."
3) Who is BMG Advisors?
BMG is the "advisor" on the plan. It's our job to provide education to the employees, and guidance to the "plan sponsor," aka United Rotary Brush Corp. It's our job to help educate you on your plan options.
4) What if I still have questions?
That's what we're here for! Scroll down to see your contact options.
This summary is compiled from information believed to be reliable. Please refer to your Summary Plan Description for complete plan provisions.