Relationships
Where do does Medical Priority recordkeep it's plan
What is Fidelity Investments
This is the percentage of your pay you choose to contribute from each paycheck into your 401(k).
What is a deferral rate?
How long do you have to work at Medical Priority to be eligible for the plan?
What is "You are immediately eligible".
The employer may match part of your contributions as long as you do this first.
What is contribute to the plan?
Who is Medical Priority's Investment Advisor?
What is Soltis Investment Advisors
Money you contribute to the plan is taken from your paycheck either pre‑tax or as this type of after‑tax contribution.
What is a Roth contribution?
True or false: You must contribute to receive any employer match.
What is "True"
This is the maximum percentage of your pay that the employer may choose to match under the plan.
What is 6%?
Who owns the money you personally put into your 401(k)?
What is IRS-set limit caps how much you can contribute to your 401(k) this year. (Under 50)
What is $24,500
What type of withdrawal can you take if you experience a major financial emergency?
What is a "Hardship Withdrawal"
How long do you need to work at Medical Priority to keep your Employer Match contributions.
What is "1 year".
What percentage can the company choose to match each year?
What is 6%
The education sessions that Soltis Advisors runs are called what.
What is "Brown Bag" session.
This happens to your money once its contributed into the 401k.
What is Invested.
What do we call money you bring in from a previous retirement plan?
What is a "Rollover"
What rate of return are you getting on your 401k contributions up to 6%?
What is 100%
What does “401(k)” help you do?
What is "Retire"
When can you call participant services?
What is between 6 AM MTN to 8 PM MTN
If you are age 50 or older, you may make these extra contributions beyond the normal limits.
What are catch-up contributions? - Extra $8,000
How soon can you participate in the Medical Priority 401k plan after getting hired?
What is "The 1st of the following month after making an election"
Medical Priority will do this if you are missing some employer match.
What is "True-up".
How big of a loan can you take from yourself?
What is the lesser of 50% or $50,000.