401 K
Toyoda Gosei has established a qualified requirement savings plan under Section 401(k) for the eligible team members. You may be enrolled on the first day of the month following your date of employment. The benefits of participating in the 401(k) Plan include:
- Pre-tax contributions up to 90% of salary and/or the annual maximum
- Based on financial performance, the Company may provide both a discretionary match and an annual profit sharing contribution.
- Auto Enrollment (3%)
- Auto Escalate Program (1% annually, up to 10%)
For Contact Information please click here and search 401K.
Vesting
- Employee contributions and any amounts rolled into the plan, adjusted for gains and losses are immediately vested.
- Company contributions, if any, vest according to the plan's 5 year schedule below.
Vesting Schedule
| Years of Service | Vested Percentage |
|---|---|
| Less than 1 | 0% |
| At least 1 but less than 2 | 20% |
| At least 2 but less than 3 | 40% |
| At least 3 but less than 4 | 60% |
| At least 4 but less than 5 | 80% |
| 5 or more | 100% |
Are your beneficiaries up to date?
It is a good idea to check your beneficiaries once a year, but especially important if you have any life events to ensure that your beneficiaries listed are still correct! To view or change your beneficiaries, login to your account on www.mykplan.com. Click here to see why adding your beneficiaries is so important!
Interactive Videos
Welcome to Toyoda Gosei 401K Plan!
On Demand e-learning
Distributions, Roll Over, Cash Out
Helpful Documents
Toyoda Gosei 401K Plan - Summary Plan Description
Toyoda Gosei 401K Plan - Participant Fee Schedule
Toyoda Gosei 401K Plan - QDIA Notice
Roll Over or Consolidate 401K Accounts
Online Retirement Planning Services - Free & Fee Based
401K Loans & Hardships Withdrawals