401k Details

A 401(k) is an employer-sponsored retirement saving and investing plan. A 401(k) plan gives employees a tax break on the money they contribute.

• At UDA, employees are automatically enrolled in the 401(k) plan at a 3% contribution rate beginning on the 1st of the month after completing 90 calendar days of employment.
  • The percentage is based on the employee's annual salary.
• UDA's impressive match gives employees double the amount they contribute up to 3%.
  • So when an employee contributes 3%, UDA contributes 6%.
• After one year of employment, UDA also makes a discretionary contribution of 5% of the employee's annual salary toward their retirement.