401(k) Retirement Plan

401(k) Retirement Plan
We are committed to helping you achieve more financial freedom in retirement, and you will be automatically enrolled in the plan. You will begin contributing 6% of your salary to your retirement account through payroll deduction. With a contribution of 6%, Cable Dahmer will contribute 2%. If you do not want to participate, you can decline enrollment.

Eligibility
Part-time and Full-time employees who are at least 18 or older are eligible to enroll in and participate in the 401(k) retirement plan on the first day of the month on or after the completion of 60 days of service.

Beneficiary designation
To establish or update your beneficiary election, log in to empowermyretirement.com, look for Personal Information, and designate your beneficiary or call Empower at 800-338-4015 to update your beneficiary information. You can use the online/phone beneficiary process if you are single or if you are married and want to declare your spouse as the sole primary beneficiary. If you are married and want to declare someone other than your spouse as your sole primary beneficiary, you must print the form available online and complete it according to the instructions.

Changes and updates to your deferral
To make changes to your deferral (the money you contribute to the plan), go to empowermyretirement.com and create an account and update, or call Empower at 800-338-4015 for a phone change of contribution rate.

Pretax 401(k) contributions
Pretax contributions allow you to reduce your current taxable income. In addition, any earnings on your contributions are tax-deferred. Any contributions and earnings are fully taxable as ordinary income when you withdraw them.