401(k) Retirement Savings Plan

Saving for retirement is an essential part of planning for your future, and BTHR BeneTemps is pleased to offer immediate participation in our 401(k) Retirement Plan so you have the opportunity to save for your retirement while you work at your contract assignments. BTHR BeneTemps also offers company matching contributions, professional investment management and a Plan website that includes retirement planning tools to help you make a wide range of investment decisions.

The BTHR BeneTemps 401(k) Plan is managed by ADP Retirement Services and participants may enroll in the plan and perform most other account changes on the ADP website through the payroll portal at https://workforcenow.adp.com by selecting Myself>Benefits>Retirement Savings.

ADP Retirement Services Customer Assistance: 866-MY-K-PLAN (800-695-7526)

Plan Eligibility

All BTHR BeneTemps employees will be eligible to contribute to the 401(k) plan on the first day of the month following their start date for any assignment.

Company Match Eligibility

Employees who have worked at least 1000 hours in a 12 month period will be eligible to receive the company match of 50% on contributions up to 4% of pay and all contributions are immediately 100% vested. Eligible employees will be notified by BTHR BeneTemps when the match is set to begin.

Professional Financial Advisor

BTHR BeneTemps is pleased to have Jerry Sweeney of Merrill Lynch as the financial advisor to our 401(k) plan. Jerry will continually monitor the plan’s fund performance and ensure that our plan offers investments that are performing at the highest possible level.

Jerry will be available to talk with participants individually to discuss their retirement and investment goals, and will also coordinate educational communications in order to help participants learn more about how a 401(k) can help achieve retirement financial goals.

Jerry Sweeney
Merrill Lynch
45 William St
Wellesley, MA 02481

Salary Deferral Limits

Employees may contribute up to 90% of all wages paid by BTHR BeneTemps to the Plan on a pre-tax basis. Statutory contribution limits set by the IRS are as follows:

Year Pre-tax deferral limit   Catch-up Contributions
2020 $19,500 $6,500

Limits include both traditional and ROTH contributions combined.

Roth 401(k) Feature

A Roth 401(k) allows you to designate all or part of your elective deferrals on an after-tax basis. If certain conditions are met, your contributions and earnings are entirely free from federal income tax when you withdraw them from the plan. Read more about the Roth 401(k) option.


Administrative Fees
Administrative fees for the 401(k) Plan will be paid by all plan participants based on the ratio of each participant’s account balance to the total account balances of all participants. This fee will be shown as a separate line item on quarterly participant statements.

For example, based on historical charges and our plan’s total assets, this has resulted in a monthly charge of approximately $1.33 per $10,000 of account balance. So, if your account balance is $50,000 your monthly fee will be approximately $6.65, while it would be $.67 per month if your balance is $5,000. Annualized this is a cost of less than .2% (2/10s of 1%) of your account balance. We will let you know of any changes that may occur over time.

The fees below will be charged to participants by ADP at the time the transaction occurs. These fees are deducted directly from participant’s account balance.

  • Loan Processing Fee:  $125
  • Withdrawal Fee:   $55

Investment Related Fees
The U.S. Department of Labor requires 401(k) plans to disclose certain plan fees and investment-related information. This Participant Disclosure regulation is designed to make it easier for participants in the plan to understand and review fees and expenses associated with your retirement plan account.

To learn more about the Participant Fee Disclosure regulations, ADP has developed a number of useful tools that are available via the ADP Retirement Plan portal at https://workforcenow.adp.com.

Participant Quarterly Statements

The ADP default is to provide access to your quarterly participant statement online via the website at https://workforcenow.adp.com. If you want a paper copy of your statement mailed to you, then you must make this selection at Quarterly Statements under the My Account tab on the ADP Retirement Plan web page.

Questions about the 401(k) plan can be directed to Beth Kilcup at beth@bthrsolutions.com or 781-474-5637.

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