Being ready for retirement is an important part of financial wellness. The key to success is to start saving now. Your Niagara Water Retirement Plan offers a variety of investment options; and when you contribute to the plan, Niagara matches both Pre-tax and Roth contributions.
You are eligible to participate in the 401(k) plan on your first day of the month after 30 days of employment, if you are age 18+. You may enroll in the 401(k) plan, designate beneficiaries, and allocate your asset distribution at any time. You do not need to wait for Open Enrollment to make contribution changes.
Niagara will match Team Member contributions $0.33 on every dollar, up to 6% of your gross compensation. Your contributions are pre-tax and deposited into your account through payroll deductions.
Your contributions are always immediately vested. This means the dollars you contribute to the Plan are 100% yours to take with you when you leave or retire from Niagara. Your Niagara Match contributions are vested after one year of employment with Niagara. This means if you leave Niagara before you have completed one year of employment, you cannot keep your Niagara Match. However, on or after your 1st anniversary, all past and future Niagara Match contributions are 100% vested.
Fidelity
