There is no waiting period to enroll in the 401(k) Plan. In general, you are eligible if you are a Robert Half employee and your Robert Half earnings in the prior calendar year are below the annual IRS compensation limit for determining “highly-compensated employees.” Below are some key features of the 401(k) Plan. For more information, go to netbenefits.com or call 1.800.835.5097.
Tax Savings Now
Your pre-tax contributions are deducted from your pay before income taxes are taken out. This means you can actually lower the amount of current income taxes you pay each period — and it could cost you less to save than it would if you saved in a taxable savings account. Please note, however, that Social Security and Medicare taxes, as well as state disability insurance, are withheld from your contributions. What’s more, you pay no taxes on any of your investment earnings until you withdraw them from your 401(k) Plan account. As a result, you can keep more of your money working for your future.
Easy Ways to Invest
The 401(k) Plan makes it easy to invest. You can choose one or more investments on your own, or direct your entire account to a Fidelity Freedom K6® Fund based on the year you expect to retire. Or, for a fee, try Fidelity® Portfolio Advisory Service at Work and hand over the day-to-day investment decisions to professionals at Fidelity.
Your contributions come out of your paycheck automatically.
Your 401(k) Plan account is yours to keep. If you decide to leave Robert Half, you generally can roll over your vested account balance to another employer’s retirement plan or to an Individual Retirement Account (IRA).