401(k) Retirement Savings Plan

401(k) Retirement Savings Plan

Whether retirement is way down the road or just around the corner, it's important to have savings goals and specific investment objectives. To help you meet your goals and objectives, we offer a 401(k) Retirement Savings Plan, administered by Ascensus, with multiple investment options and a company match.

Employee Contributions
Employer Contributions
  • You can contribute to $24,500 in 2026, and if you are age 50 or older, you may contribute up to an additional $8,000 as a "catch-up" contribution.
  • Contributions may be made on a pretax or Roth after-tax basis.
  • If you do not make an active election, you will be automatically enrolled in the plan at the default rate of 3%. If you currently have a deferral rate on file, your election will carry forward.
  • Welch will provide a matching contribution of 100% of your first 2% you contribute, then 50% of the next 4% in contributions.

Annual limits are subject to change based on IRS guidance.

More Information

  • You can enroll in the plan anytime after 2 months of service, and you may make changes to your contributions at any time.
  • Ascensus has many different investment options for you to choose from, along with tools and resources you can use to determine which options best meet your investment objectives.

For additional details about the 401(k) Retirement Savings Plan or to enroll or change your contribution rates or investment elections, visit www.ascensus.com or call 888-652-8086.

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