Waste Management Inc., Houston, hired Bank of America Merrill Lynch as record keeper of its newly merged 401(k) plan, said Gordon Blasius, vice president, compensation and benefits. The change is effective Sept. 23, the same date the merger of the company’s two 401(k) plans takes effect.
In this regard, does Waste Management have 401K?
Waste Management 401K Plan
Waste Management offers a 401(k) plan with company match.
Regarding this, can I change who manages my 401K?
A common misconception about switching 401(k) providers is that the process involves terminating your current plan and then starting a new one. That’s not possible due to IRS “successor plan” rules. Instead, your new provider will take over administration of your current plan.
How much does Waste Management match on 401k?
The Company matches 100 percent of each participant’s Employee Contribution up to three percent of the participant’s compensation, as defined by the Plan, plus 50 percent of the participant’s Employee Contribution in excess of three percent of the participant’s compensation up to six percent of the participant’s …
Does Waste Management have good benefits?
We offer employees competitive wages and benefits, including medical, critical illness, dental and prescription drug coverage; short- and long-term disability coverage; life insurance and accidental death benefits; retirement plans; and a stock purchase plan.
Should I pay someone to manage my investments?
You don’t need to pay someone to manage your investments for you. In fact, you may be MUCH better off doing it on your own, and it doesn’t have to be hard or take a lot of time.
What happens when company changes 401k providers?
When plan sponsors change their 401(k) provider, their plan will go through a blackout period when participants are not able to log into their account, make any investment changes, or request any other investment transactions.
Who is the best 401k provider?
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