Field

Field

Financial Wellbeing

401(k) Plan Administered by Empower

Saving for retirement is important — no matter how far away it seems. The NVA 401(k) Plan makes it easy with two ways to save:

  • Pre-tax 401(k): Pay taxes when you eventually withdraw money.
  • Roth 401(k): Pay taxes now, withdraw money tax-free later.

NVA MATCHING CONTRIBUTIONS

NVA matches 50% of the first 6% you contribute on both pre-tax and Roth contributions. That’s a 3% match if you put in at least 6%.

You are gradually vested in NVA’s matching contributions over three years of service:

Years of Service
% Vested
Less than 1
0%
1
50%
2
75%
3 or more
100%

WHO CAN JOIN?

All full-time and part-time team members can join — no age limit. You become eligible to contribute a percentage of pay per pay period based on your hire date.

Hire Date
Start Contributing
Sept 1–Dec 1
Jan 1
Dec 2–Mar 1
Apr 1
Mar 2–May 31
Jul 1
Jun 1–Aug 31
Oct 1
  • All contributions to the plan must be a percentage of pay.
  • Separate catch-up election for those age 50+: The plan will require a separate election for catch-up contributions. Your deferral percentage will not automatically continue until you reach the applicable annual IRS savings limit. You will use an option on the Empower site/mobile app to elect your catch-up contribution rate. If you are not yet 50, the option will appear online in your account after you turn 50.
  • Additional savings opportunity for ages 60–63: If you turn age 60–63 during 2026, you may contribute more than the standard catch-up amount available for those age 50+. This higher catch-up limit is set by the IRS and may change each year. Once you reach age 64, the limit goes back to the standard catch-up amount. You can find the latest limits at irs.gov.
  • Roth rule for high earners: If you are 50 or older and you make more than $145,000 annually, legislation mandates that any catch-up contributions must be made as Roth (after-tax) contributions.

NEED HELP?

  • Enroll or manage your account: empowermyretirement.com or on the Empower mobile app — or call Empower at (844) 465-4455 weekdays from 8 a.m. to 10 p.m. ET, and Saturdays from 9 a.m. to 5:30 p.m. ET. Free point-in-time advice is also available when you call: Ask about investments, savings tips, distribution options if you change jobs or retire, and more.*
  • Rollover help: Call Empower’s specialists at (888) 737-4480. Please review all available options, features, and fees before moving your money.
  • More info on the plan: Visit nvabenefits.com.

* Point-in-time advice is provided by an Empower representative registered with Empower Financial Services, Inc., at no additional cost to account owners. There is no guarantee provided by any party that use of the advice will result in a profit.