Ames offers opportunities for non-union employees to save for retirement!
The details
- Non-union employees are eligible to participate in the 401k Retirement Savings Plan through Empower after 3 months of employment.
- If an employee does not complete an enrollment form, they are automatically enrolled at 3% when eligible.
- Ames matches 50% of the employee’s deferral on the first 3% of compensation.
- Employees may defer via traditional pre-tax, Roth, or a combination of both.
- The 2024 IRS contribution limit is $23,000. Employees age 50+ may contribute an additional $7,500.
- Ames’ contributions are subject to a four-year vesting schedule.
The Empower platform
This is your personal retirement hub! Here you can …
- Change your elected contribution percentage.
- Update future and current investment allocations.
- Verify that your contact information and personal communication preferences are accurate. If anything is incorrect, please contact corpbenefits@amesco.com.
- Review your beneficiaries and make sure the individuals you’ve selected have accurate and updated information on file.
- Roll over existing non-Ames retirement plans.
- Request a loan or distribution.
- Access tools to help plan for your future: retirement calculators, investment help, budgeting, debt and savings calculators, and more!
- View plan documents, including the Summary Plan Description, fee disclosures, and statements.
Financial advising resources
Did you know that you can make an appointment with a Morgan Stanley advisor to ask questions about retirement? You can learn more about plan benefits, investment opportunities, and financial planning topics!
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Find the contact information for your regional representative.
Morgan Stanley also has resources available at Morgan Stanley At Work, and they host a Webinar Wednesday series! Upcoming webinars include:
- July 17: Path to Financial Wellness
- July 24: Your Goal: Retirement
- July 31: Taking Control of Your Finances
- August 7: Education Expense Planning
- August 21: Financial Planning for Retirement
- August 28: Money Considerations for the Financially Single
Questions?
- View and manage your account anywhere with the Empower app on your mobile device!
- Access your account online at empowermyretirement.com.
- Chat with an Empower representative, available by phone at 844-465-4455 weekdays from 7 a.m. to 9 p.m. CT and Saturdays from 8 a.m. to 4:30 p.m. CT.