RETIREMENT

Overview

The Versiti 401(k) plan allows you to set aside money so you can live a comfortable lifestyle at the time of retirement.  The 401(k) plan provides you with three different ways to invest in your future and Versiti will match your contributions.

 

This video from Fidelity will help you understand the benefit of saving in a 401(k), explain how to enroll in your plan and includes steps that can help you to save more for the future!

 

Versiti, Inc. 401(k) Plan Summary Plan Description

Versiti Matching Contributions

Versiti will match your contributions at 100% every pay period up to 7%. This means for every dollar that you contribute, Versiti will add one dollar to your account.

 

You are always 100% vested in your own contribution to the plan. For employees hired January 1, 2020 or later, Versiti Match contributions will become 100% vested over three years:

Ways to Save

Versiti offers three types of contribution saving options, listed below.  These options provide you with the flexibility to decide how to save and when/how those savings should be taxed.

 

Pre-tax 401(k) contributions

After-tax Roth 401(k) contributions

Regular after-tax 401(k) contributions

 

Maximum Contributions

For 2025, the maximum pre-tax and Roth employee contributions are:

  • Under Age 50 – $23,500
  • Age 50-59 and 64 and above – $31,000
  • Age 60-63 – $34,750
Learn More - Live and On Demand Webinars

Retirement planning can be a daunting topic and you may find yourself asking, How do I start? Am I saving enough? What’s my next step? Where can I go for help? Whether you are thinking about retiring soon or just getting started with your retirement savings journey, we are working on bringing you retirement sessions with a variety of financial and retirement-related topics to help you along your road to retirement. Please join us!

 

Fidelity offers many live and on-demand webinars on topics such as budgeting, multi-goal planning, retirement income planning and more.  Any participant can log in to Fidelity NetBenefits via webworkshops.fidelity.com to access live and on-demand workshops of varying topics. Login is required

Contact Fidelity

 

Download the Fidelity mobile app to check information and access other tools and resources available to you.