Quick Links To Information About your Retirement Plan:
Employer - Administration, Contribution Processing
Use the form below to enroll or make changes to your account. Once completed, please turn into the Promise Prep Office Manager.
Employee - Short Form - Enrollment and Updates to retirement account
Employee - Access your Promise Prep retirement account online or by phone
Employee - SIMPLE IRA Disclosures
Employee - Enrollment and Retirement Plan Guide
Employee - Request for Transfer of Assets or Direct Rollover
You decide how much of your pay, up to IRS limits, you want to contribute. Your contributions will be deducted directly from your paycheck. You can make:
Because you’re contributing money from your paycheck before income taxes are deducted, you reduce your annual taxable income in the year the contributions are made. Before-tax contributions allow your savings to accumulate tax-deferred. In other words, you don’t pay taxes on what you save or on your assets as they grow until you take the money out at retirement. Employee additional catch-up contributions. If you’re 50 or older, you can contribute an additional amount before taxes.
Your employer may match any contributions you make, dollar for dollar, up to 3% of eligible compensation.