Retirement Plan Overview
Retirement Plan Overview
ARAG provides a 401(k) Retirement for all eligible team members through Principal. This plan is a great way to save for retirement in a hassle-free process that automatically takes payroll deductions based on your contribution to the plan. ARAG will match up to 9% of your pay on an annual basis. Below is an example of how this works:
- If you contribute 1% of your pay, your employer will match 1% of your pay
- If you contribute 2% of your pay, your employer will match 2% of your pay
- If you contribute 3% of your pay, your employer will match 3% of your pay
- This continues for the first 9% of your pay!!
Plan Resources
Plan Resources
- Retirement plan overview pamphlet
- Visit Principal’s website here
- 401K Summary Plan Document
Updating Your Beneficiary
Updating Your Beneficiary
It is very important to always has the most up to date beneficiary listed for your 401(k) Retirement Plan should something happen to you. In order to check who your current beneficiary is or to update your beneficiary, follow this link to Principal’s website.