Aon PEP 401k with VOYA
401k
Aon PEP with VOYA 401k is a workplace retirement plan that offers you personalized tools and guidance to help you create a plan to meet your financial goals—for today and tomorrow.
Eligibility Requirements:
Full Time
- are at least 16 years of age.
- have worked for Chuze Fitness for at least 30 consecutive days
Part Time
- are at least 16 years of age.
- have worked for Chuze Fitness for at least 12 consecutive months, AND
- have worked at least 500 hours in their first 12 months OR in a calendar year. (Please note eligibility is not guaranteed until all hours are reviewed, you will be notified IF you become eligible)
Enrollment Details:
- Employees will be auto-enrolled in Chuze’s 401k plan starting at a 5% deferral rate.
- You will have 30 days to to opt-out or adjust your deferral rate.
- The deferral rate earnings will be deducted from every pay period.
- Enrollment details will be sent by AON Pooled Employer Plan (Aon PEP)
401K POLICY DOCUMENTS
- Plan Overview – Highlights the features of the plan, such as eligibility, limits, and how to change your contribution rate.
- Fee Disclosure – Outlines all the fees associated with the plan, including administrative fees, investment fees, and any other charges.
- Automatic Contribution Notice – Standard required notice informing employees of the auto-enrollment feature of the plan. This will not override any current opt out elections for employees who have already opted out of the plan.
- QDIA Notice – Notice that if a participant does not elect their investment choice, the plan will put their money in the plan’s default fund – the Target Retirement Fund.
- Privacy Notice – A heads-up about how personal information within the plan will be handled and privacy protections.