Participating congregations/employers may, but are not required to, elect to “auto-enroll” employees, and withhold a specified percentage (ranging from 1-6 percent) of compensation as a pre-tax employee contribution.
Automatic Elective Deferrals will be invested according to the Employee's investment instructions. If the employee does not elect to invest in any of the investment options offered by the Plan, their contributions will be invested in the Plan's qualified default investment option, presently a T. Rowe Price LifeCycle fund.
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Last updated on Friday, December 19, 2014.
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