Charles Schwab
The Majestic Steel 401(k) Retirement Plan makes saving for retirement easy and painless. You decide:
- How much to save – up to 100% of your compensation up to $23,000 annually (deferral limit increases by $7,500 for traditional 401(k) if you are age 50 or older)
- Tax treatment options – you can choose whether you save your money on a pre-tax basis (traditional 401(k)) or post-tax (Roth 401(k)) basis
- Where to save – in any one of the Plan’s professionally managed or indexed funds (retirement plan advice is provided by the plan through “My Retirement Progress”)
Best of all, Majestic Steel will make a matching contribution to your account. The company will match 100% of the first 5% of contributions that you make to your 401(k). You immediately own all contributions made to your 401(k), including the employer contributions.
To be eligible you must be a full-time Associate who is at least 18 years old and has completed 3 months of employment. There is a quarterly open enrollment on January 1st, April 1st, July 1st and October 1st of each year.