The Nxtbook Media 401(k) plan, administered by Principal Financial, allows an employee to defer as much as 100% of their earnings, to the annual maximum established by Federal Law, to a tax-deferred account. Any money contributed by the employee to the 401(k) plan (including elective deferrals, Roth 401(k) deferrals, voluntary after-tax contributions, and rollover contributions), plus any investment earnings on those contributions, is automatically vested.
Any additional match and profit sharing is discretionary based on the financial performance of the company. Any additional employer contributions will be subject to the following vesting schedule (See Figure 1).
This plan is available to you on the 1st of the month following your date of hire. Employees can manage all aspects of their 401K account online at www.principal.com - manage beneficiaries, change the amount you contribute to the plan, change your investment elections, request a loan, update your personal information, etc.
If you have any questions about the 401K plan, see Human Resources.
Our 401K administrators, DDMP, are great to work with. They are willing to sit down and walk you through all the options and answer any questions you might have.
TJ Martin