My Retirement Savings Plan
Aegis offers a 401k retirement savings program administered by The Standard. The program allows you to start or continue saving for your retirement through convenient payroll deduction. And, Aegis will match your contributions! For example, if you contribute 4% or more to the plan, Aegis may match 2%.
Eligibility
You are eligible if you are an employee who is at least 18 years of age. You may begin participation in the plan as soon as the first day of the month following your date of hire. Once you become eligible you may enroll or change your paycheck contributions at any time.
Making Contributions
You decide what percentage of your pay you want to contribute directly from your paycheck. In 2025 you may contribute:
-
Up to $23,500 in pre-tax and/or Roth after-tax contributions, or
-
Up to $31,000 in 2025 for the age of 50-59 or 64 and older in the year.
- Up to $34,750 in 2025 for the age of 60-63 in the year.
Why Contribute to a 401k Plan?
Opportunity for Tax Savings Now
You may contribute pre-tax paycheck contributions, meaning your contribution is deducted from your pay before income taxes are calculated. In other words, pre-tax contributions lower your taxable income now.
Pre-tax Contribution
Example:
If you make $30,000 per year and contribute 2% to the plan, you will contribute $600 to the plan annually, meaning it will reduce your taxable income by $600. You would pay income tax on your withdrawals in your retirement years.
You may also make Roth After-tax payroll contributions. These contributions are deducted from pay after income taxes are calculated. Money in the Roth account and any earnings will be distributed tax-free if withdrawn after age 59½, death, disability and at the end of the five-year taxable period during which your payroll deduction is first deposited into the Roth 401(k) account.
Opportunity for Growth of Your Balance Over Time
An additional benefit of starting to save now is that your paycheck contributions and their investment earnings have the opportunity to grow over time. The example below shows the effect of contributing just $23.20 each pay period. After 35 years you would contribute $21,112 in payroll contributions, however, due to compounding of your contributions and their investment earnings, your balance would be $72,011, an increase of nearly $51,000! It is never too early to start!
Does Aegis Living contribute to my 401(k)?
Aegis Living may make a matching discretionary contribution to your 401(k):
- Matching discretionary contribution is equal to $0.50 cents for each $1 you contribute, up to 4% of pay you contribute to the plan. For example, if you contribute 4% or more, the match will be 50% of that, or 2%.
- You must be employed for at least one year to be eligible
- You vest (earn ownership of the match) at the rate of 20% for each calendar year you work 1,000 hours for Aegis Living.
- You must be employed on the last day of the calendar year to be eligible for the match.
- Matching discretionary contributions are funded during the first quarter of each year for the following year (i.e. 2025 match will be funded Q1 2025)
- You vest at the rate of 20% for each calendar year you work 1,000 hours for Aegis Living. You will be fully vested after 5 years of service with 1000 hours.
What is the difference between pre-tax and after-tax contributions?
Pre-tax contributions lower your taxable income at the time the deduction is taken from your pay. You will pay income taxes on withdrawals when you retire.
Roth after-tax contributions allow you to contribute to your retirement account on an after-tax basis. Your contributions will be deducted from your paycheck after-taxes are calculated. Money you contribute to the Roth account and any associated earnings will be distributed tax-free if withdrawn after age 59 1⁄2, death, disability and at the end of the five-year taxable period during which the participant’s contribution is first deposited into the Roth 401(k) account.
How is the Company Matching Contribution Calculated?
Here are three examples:
Juan earns $35,000 annually
-
He contributes 3% of pay in 2023 = $1,050
-
Aegis will contribute 50% of Juan’s contribution – $525
Anna earns $40,000 annually
-
She contributes 4% of pay in 2023 = $1,600
-
Aegis will contribute 50% of Anna’s contribution = $800
Marco earns $45,000 annually
-
He contribute 6% of pay in 2023 = $2,700
-
Aegis matches 50% up to 4% contribution
-
His 4% contribution = $1,800
-
Aegis will contribute up to 50% of Marco’s contribution
How is Vesting Calculated?
Vesting means the portion that Aegis Living matches for you becomes yours after a defined period of time. You earn ownership of the match over 5 years at the rate of 20% for each year of service.
For vesting purposes, a “year of service” is granted for each calendar year you work at least 1,000 hours.
How to Enroll
To enroll
Register and enroll conveniently online at: www.standard.com/retirement. First time users, click on Don’t have an account? Start here link. Once registered, you can then set up your payroll deductions and select your investment options.
Questions
Contact our 401(k) partners below.
The Standard: Call 1-800-858-5420 or email savings@standard.com for
questions about enrollments, or help with the website.
Assured Partners MCM: Contact Stephany Primitivo or Rich Hultquist at 206-343-2323 or email mcm.401k@assuredpartners.com for questions about advice on your investments.
My Retirement Savings Plan
We, at AssuredPartners, offer an individualized financial consulting resource to assist you in creating a healthy savings program through your 401(k) plan.
Our financial consulting includes:
- Enrollment Questions
- Financial Wellness
- Investment Education
- 401(k) Plan Education
If you have questions about your investments, contributions, or anything in relation to the Aegis Senior Communities LLC 401(k) Plan, please contact us AssuredPartners and request to speak to:
- Rich Hultquist or Stephany Primitivo
- Phone: 206-343-2323
- Email: 401k@assuredpartners.com
Personalized Paycheck Analysis
If you would like to have a personalized paycheck analysis done, please send the below information to mcm.401k@assuredpartners.com.
- Full Name
- Age
- Annual Income
- Location (state)
- Note that you are with Aegis Living
Note: All information will remain confidential.