Financial Benefits

401(k) Retirement Plan

A 401(k) retirement plan is a tax-advantaged savings program that allows employees to set aside a portion of their income for retirement. Contributions are typically made through payroll deductions, and many employers offer matching contributions to enhance savings. Funds in a 401(k) grow tax-deferred, meaning you won't pay taxes on your earnings until you withdraw them in retirement. The plan offers flexibility with various investment options, helping you build a financial foundation for your future. It’s an effective way to take control of your retirement planning and ensure long-term financial security.

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Helping you reach the peak of your retirement goals

Achieving your retirement dreams won’t happen by accident. To live the lifestyle you dream about, you’ll need to plan ahead and save. That’s why Immanuel is proud to offer a 401(k) retirement plan with up to a 6% match on your deferrals, after reaching a year of employment. Since you are fully vested in the match after three years, this can be one of the best tools available to help you reach your retirement goals.

Principal 401(k) Plan

You want to live well when you retire and while you're working toward it. Saving a little each month and increasing it over time through an employer-sponsored 401(k) retirement plan is a convenient way to accomplish your goals. At Immanuel, we offer a plan administered by Principal for eligible employees. Here are some of the benefits of participating:

  • Plan participants enjoy tax advantages. Any contributions you make to your 401(k) are taken directly from your paycheck before federal income taxes are withheld. Because the contributions are pre-tax, it lowers your total taxable income — meaning you might owe less in income taxes regardless of whether you itemize or take the standard deduction. It may even put you in a lower tax bracket! Your pre-tax contributions are tax-deferred until you withdraw them in retirement.

  • You are always in control. You can contribute as much or as little as you want to your account, change or stop your deferrals at any time, roll other balances into your account and make voluntary contributions whenever you like. You can also elect to make Roth contributions with dollars already taxed, so you won’t have to pay taxes on qualified withdrawals, including earnings.
  • Time is on your side. The earlier you start investing, the more time your money has to grow. One of the most significant advantages of investing in a 401(k) early is compound interest. It may not seem like much looking at your 401(k) in the early days, but compounding can have a big impact on long-term investment.

  • You can take the account with you. Even if you change jobs, the money you’ve contributed to your 401(k) and its earnings belong to you. You are always 100% vested in the portion of the account balance from your deferrals, and you are 100% vested in the portion Immanuel matches after just three years.

  • Saving is convenient. With Immanuel’s 401(k), you can make automatic contributions directly from your paycheck through payroll deduction. It makes saving a simple process. And, since the deduction is taken before you get paid, you probably won’t miss the money anyway!

Access Your 401(k) Plan   

Additional Resources

 Ameritas

(800) 487-5553
https://www.ameritas.com/

Need Help Applying for Medicare? 
Consultants:

RBC Contact Information
(The Garlock Wealth Planning Group) for Financial Investment Guidance:

Immanuel 

Serve with purpose, grow with passion

Choosing Immanuel isn't just a job decision — it's a life decision. Every role creates waves of positive change for seniors across Nebraska and Iowa. We are dedicated to fostering a thriving work environment that empowers our employees to excel and grow. We understand that attracting and retaining top talent is essential for our success, and we believe in providing comprehensive benefits that enhance the overall well-being of our team members.

Have questions or Need help with benefits?

 

Call the Benefits Call Center Today at (866) 831-8002! 

Ready to Enroll?