401(k) Retirement Plan
Schwab Retirement Plan Services
Customer Service: 800.724.7526
Spanish Customer Service: 877.905.2553
Creative Planning Retirement Services: 312.595.6366
401(k) Retirement Plan
The 401(k) Plan for employees is designed to help you save for retirement and at the same time reduce your current income taxes.
Plan Eligibility
All employees are eligible to participate in the plan upon date of hire (unless part of an excluded class in the plan document).
Your Contributions
Through payroll deductions, you may contribute any percentage of your pay on a before-tax basis. Your contributions are subject to annual dollar limits set by the IRS as noted below. You may change the amount you save or stop saving at any payroll period.
Company Matching Contributions
In order to participate in the matching program, you must make before tax deferral contributions. For 2021, the company will match before-tax 100% of your first 3% of compensation deferred as 401(k) contributions and 50% of your next 3% of compensation deferred as 401(k) contributions. So, if your total contributions are 6% or more, your total company match will be 4.5%—the maximum match! If you are currently contributing less than 6%, seriously consider increasing to 6% or more to receive the maximum company match.
Personal Investment Advice
The 401(k) Plan for Sotera Health, LLC (the “Plan”) includes Managed Account Services provided by Creative Planning Retirement Services, an independent registered investment advisor. They will use personal information, such as your current plan account balance, contribution rate, Social Security benefits, and expected retirement age, to provide your investment strategy. You can include additional personal details that will be used to further develop your investment strategy. Additional information is available by calling 312.595.6366.