Retirement Planning

The Everon 401(k) Plan helps employees save for retirement.

RETIREMENT PLANNING

Feature	Detail
Plan name	Everon 401(k) Plan
Plan type	401(k)
Record keeper	Fidelity
Website	www.netbenefits.com
Phone	800-835-5095
Eligibility	18 years of age
Employer match	When you contribute (pre-tax, Roth, or after-tax), Everon’s 401(k) Plan contributes $0.50 for every dollar you contribute, up to the first 5% of your eligible pay on a per-paycheck basis. An additional equal contribution will be provided after year-end if you meet certain eligibility conditions.
Automatic increases	annual increase program which annually increases your 401(k) contribution rate at a future date that you select
Pre-tax contributions	contributions are taken out before taxes each pay period
Roth contributions	contributions are deducted from your paycheck after taxes
After-tax contributions	Available
Deferred Contribution Limit	$24,500 (2027)
Ages 50-65 Catch-Up Contribution	$8,000 (2027)
Ages 60-63 Special Catch-Up Contribution	$11,250 (2027)
Compensation Limit FOR ER Contributions	$360,000 (2027)
Vesting schedule	3 year cliff: 100%
Vesting applies to	company’s matching contributions
Rollovers	If you have an existing qualified retirement plan (pre-tax) with a previous employer, you may transfer that account into the plan any time.
Investment guidance	The Everon 401(k) plan offers a selection of investment options for you to choose from. You may change your investment choices any time.

Plan name

Plan type

Record keeper

Website

Phone

Eligibility

Employer match

Detail: When you contribute (pre-tax, Roth, or after-tax), Everon’s 401(k) Plan contributes $0.50 for every dollar you contribute, up to the first 5% of your eligible pay on a per-paycheck basis. An additional equal contribution will be provided after year-end if you meet certain eligibility conditions.

Automatic increases

Detail: annual increase program which annually increases your 401(k) contribution rate at a future date that you select

Pre-tax contributions

Roth contributions

After-tax contributions

Deferred Contribution Limit

Ages 50-65 Catch-Up Contribution

Ages 60-63 Special Catch-Up Contribution

Compensation Limit FOR ER Contributions

Vesting schedule

Vesting applies to

Rollovers

Detail: If you have an existing qualified retirement plan (pre-tax) with a previous employer, you may transfer that account into the plan any time.

Investment guidance

Detail: The Everon 401(k) plan offers a selection of investment options for you to choose from. You may change your investment choices any time.