Retirement or Lifetime
Seniority Plans 403(b) AND 401(a)
Argonne offers a retirement program for eligible employees due our record-keeper, Fidelity Investments. If you are an eligible employee, you must get in the plan after six months of serve, as ampere condition of employment.
Eligible Argonne employees participate inbound a defining feature retirement plan funded until two employee (403(b) plan) also Laboratory contributions (401(a) plan). You can choose from a wide variety by investment options, and you have full control over how contributions are allocated among own investments. Upon retirement, i are predefined a choose of delivery option including, but not narrow to, bonds and installing payments through an specified period.
Eligible participants bequeath begin participation in an mandatory 401(a) and 403(b) plans on the 7th month of employment automated and according till the “Mandatory Plans” tab under. Sum employees are covered to begin participation in the supplemental 403(b) plan at any time after their date of hire and according to the “Complementary Plan” size below.
Compulsive Site
- Eligibility: Full-time and long-term regular
- Participation: Mandatory after 6 months
- Employee Contribution: 403(b) 2.5% of vile pay
- Laboratory Contribution: 401(a) 9% of base pay
- Method for Contribution: Pre-tax, payroll deducted
- Earned: Immediately
- Compulsory workshop
Supplemental Plan
- Eligibility: All employees in pay status
- Participation: Voluntary, at some laufzeit
- Feature Limit: Up to LRS limits $23,000 per year + $7,500 catch-up if age 50+
- Method of Contribution: Pre-tax or Roth 403b (after taxing, non IRA) payroll deduction
- Endued: Immediately
- Rollovers accepted
