Traditional and Roth 401K Plans
Administered by Fidelity
When am I eligible to enroll?
After one month of service.
When can I enroll in the plan?
First day of each month. Your plan offers an Automatic Enrollment feature. Refer to Enrollment Information below.
How much can I contribute?
Eligible employees can contribution 1% to 60% of eligible compensation, includes of pre-tax and/or Roth deferrals (IRS limit of $24,500 for 2026). You can change your contribution the beginning of the payroll period. Hafele will match 50% of the first 6% in eligible compensation deferred.
Can I make a catch-up contribution?
If you are age 50 or over by the end of the taxable year and have reached the annual IRS limit or Plan’s maximum contribution limit for the year, you may make additional salary deferral, pre-tax contributions to the Plan up the IRS Catch-Up Contribution Limit (2026 = $32,500). If you are age 60-63 by the end of 2026, you may contribute an additional $11,500 above the IRS limit.
When am I vested?
Employee contributions are vested 100% immediately. The company match and discretionary profit sharing contributions are vested based on years of service.
Can I take out a loan?
Although your plan account is intended for the future, you may take a loan from your account.
What are the investment options?
Please see the Summary Plan Description for investment options.
In addition to traditional 401k hardship withdrawals, what are my available withdrawal options?
- Qualified birth or adoption
- Domestic abuse
- Emergency withdrawal
- Qualified declared disaster
- Long term care contracts
For additional detailed information please reach out to an HR Representative.
Enrolling in the retirement plan
If you haven’t already, enrolling in your plan is the right step towards a more secure retirement. It’s easy to join your plan and make that next great investment in yourself.
- First, go to Fidelity NetBenefits at www.401K.com.
- Next, set up your password. If you’re already a Fidelity customer, you can use your existing password. Please note, you will be prompted to enter your email address.
- Finally, click on the link to enroll.
If you have any questions or need help before getting started, visit www.401K.com or call Fidelity at 1-800-835-5097. Your plan has an automatic enrollment feature. If the automatic feature applies to you and you do not take action, you will be automatically enrolled. You will receive a separate notification explaining when the automatic enrollment will occur.
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