The LAUNCH Technical Workforce Solutions, LLC Retirement Plan provides an easy way to help save for your retirement. To become eligible, you must:
- Be at least 18-years old
- Have worked with LAUNCH for one year and 1,000 hours
You elect to defer a percentage of your pay (up to 100%) each pay period. Your taxable income is then reduced by the amount you contribute through salary deferral. In turn, this lets you reduce your federal income tax and most state income taxes.
Your contributions can be changed or stopped at any time. LAUNCH may match a certain percentage of your contribution to the plan.
Roth IRA Option
You may also elect to defer a percentage of your pay each pay period as Roth deferrals, which are after-tax contributions. With a Roth account, there is no immediate tax reduction on your current income. However, future distributions from your Roth account will generally be tax-free if the distribution meets the qualified requirements.
Enrolling is easy as 1-2-3
To get started saving, you need to simply:
- Decide how much you want to save
- Choose an investment option
- Enroll and start saving
For learn more information on these three steps and to enroll, download our “3 Steps That Could Change Your Retirement” document.
If you have questions or want additional information about our 401K, email WHO?