Welcome Ricart Employee

Pension Advisors

  • 1-877-595-0833

       

Wells Fargo:

  • You have access to your account on the Well Fargo website to view your account, change your investment options or manage your beneficiary election.  The website is www.wellsfargo.com. You can also call the Retirement Service Center (RSC) at 1-800-728-3123 and speak to a representative Monday through Friday 7:00 a.m. to 11:00 p.m. ET

Automatic Enrollment:

  • You will be automatically enrolled at 4% unless you choose to opt out of the planThis means your annual salary will be reduced by 4% per year and that amount will be invested in your plan account.
  • If your annual salary is $22,000 then approximately $73 a month will be deposited to your account in the plan.
  • When you are automatically enrolled into the plan your money will be invested in the plans Target Date fund.
  • The maximum amount you can contribute in 2018 is $18,500 if you are under age 50 or $24,500 if you are 50 years old or older.

Automatic Deferral Increase: 

  • Your deferral percentage will be automatically increased by 1% each year until your deferral percentage reaches 7% unless you opt-out of the auto-increase program.

Target Date Funds

  1. The Ricart 401(k) Plan offers Vanguard Target Date funds.
  2. A Target Date fund is a mix of investments (stocks/bonds/cash) that are strategically allocated with your retirement date in mind (or your 65th birthday).
  3. Here’s how Target Date Funds work:  if you will be retiring in 2050 your Target Date Fund will have an aggressive allocation (approximately 90% in mutual funds and 10% in bonds) while if you will be retiring in 2020 you will be more conservative (with approximately 55% in mutual funds and 45% in bonds).
  4. Not quite sure . . . give us a call we are here to help!

 

Company contributions - Vesting Schedule

  • Ricart's contribution is subject to a vesting schedule, which means how much of the company contribution you are entitled to, based on your years of service. 

Years of Service               Vesting %

Less than 2                                                0%

2                                                                20%

3                                                                40%

4                                                                60%

5                                                                80%

6                                                                100%


Questions? Fill out the form below:

Fill out my online form.

Latest Updates & Information

4th Qtr Market Insights

4th Qtr Market Insights

Watch video here

3rd Qtr Market Insights

3rd Qtr Market Insights

Watch video here

2nd Qtr Market Insights

2nd Qtr Market Insights

Watch video here

1st Qtr Market Insights

1st Qtr Market Insights

Watch video here