401K Plan

  • Contribute 1%–100% of your eligible compensation (base salary + bonuses + commissions), up to the IRS limits ($19,500 in 2021). If you’re age 50 or older, you can make extra contributions each year ($6,500 in 2021). For every $1 you contribute, McIlveen contributes $1—up to 4% of your pay.
  • Keep contributing (maybe saving a bit more each year) to let your account grow tax-free as your investments gain returns.
  • Choose from several professionally managed funds—taking the worry out of selecting the best performers—get more information from Merrill Lynch.
  • Use flexible savings opportunities to make contributions either pretax or post-tax (known as a Roth account).
  • Withdraw money from your 401(k) account with no penalty when you reach age 59½. If you take a loan or withdraw money before then, you’ll pay a penalty and taxes on that amount.

Requirements and Sign up

  • Be employed with the Firm for 1 year
  • Go to the plan website: http://401k.MerrillEdge.com
  • The first time entering the site you will select “Individual” under “Select Your Service”.
  • Then the “New Users Click Here” link.
  • You will then need to enter your access Code, Social Security Number, and date of birth for security verification purposes. 
  • Your Access Code is 49jkz6sat
  • Next, you will create a “User Name”
  • Provide your e-mail address.
  • Establish security questions and answers
  • The security questions and answers will be asked if you should ever forget your password.
  • You will receive an e-mail to the e-mail address you provided which will have your temporary password
  • Use that password to log in
  • The system will then prompt you to change the password to create your own.

Forms and Required Notices

All retirement forms and required notices are posted annually on this website on the Forms page.

401K Contact

Click the link below for more information about your 401K or reach out to your HR representative.


866-890-4177, when you call press option 4.  They are open from 8:00 a.m. to 5:00 p.m. central time

You can contribute to the 401(k) plan in two ways: pretax and post-tax (also known as a Roth plan).

With the pretax option:

  • Contributions are deducted from your paycheck before taxes are withheld, reducing your taxable income.
  • You can contribute up to 100% of your eligible compensation, up to the IRS limit ($18,000 in 2016). If you’re age 50 or older, you can contribute an extra $6,000.
  • Withdrawals are subject to income tax.

With the post-tax or Roth plan:

  • Contributions are deducted from your paycheck after taxes are withheld.
  • You can contribute up to 100% of your eligible compensation, up to the IRS limit ($18,000 in 2016). If you’re age 50 or older, you can contribute an extra $6,000.
  • Withdrawals are tax-free if you own the account for at least five years and have reached age 59½

Free Money from McIlveen

For each $1 you contribute to your 401(k) savings plan account, McIlveen will contribute $1, up to 4% of eligible pay. If you’re not already saving 4%, you’re missing out on help from McIlveen to build financial security.

Here is an example of how the matching contribution works.

  • Annual salary: $70,000
  • Contributing 4% to the 401(k): $2,800 ($107.69 per paycheck)
  • McIlveen contributes 4% match at a 100%: $2,800 ($107.69 per paycheck)
  • You save a total of $5,600 towards your retirement

Saver’s Credit

If your adjusted gross income is below certain levels, you may be eligible for
a nonrefundable income tax credit of up to $1,000 (the “Saver’s Credit”).
The Saver’s Credit is equal to a specified percentage of your contributions to certain employer-sponsored plans and to certain IRAs. You are eligible for the credit only if you are age 18 or over, are not a full-time student, and are not claimed as a dependent on another person’s tax return. The Saver’s Credit is subject to other restrictions. Please consult your tax advisor for more information.

Elective Deferral Account, Rollover Contribution Account, Qualified Non-Elective Contribution Account and Safe Harbor Matching Contribution Account

 You are always fully (100%) vested in your Elective Deferral Account, Rollover Contribution Account, Qualified Non-Elective Contribution Account and Safe Harbor Matching Contribution Account.
Discretionary Non-Safe Harbor Matching Contribution Account and Profit
Sharing Contribution Account Your interest in your Discretionary Non-Safe
Harbor Matching Contribution Account and Profit Sharing Contribution Account will vest based on your Years of Vesting Service (defined below) in
accordance with the following schedule:
Years of Vesting Service                                           Percentage
Less than Two Years                                                     0%
Two Years but less than Three Years                            20%
Three Years but less than Four Years                           40%
Four Years but less than Five Years                              60%
Five Years but less than Six Years                                 80%
Six or More Years                                                          100%
Special Vesting Rules
You will become fully (100%) vested upon your attainment of Normal Retirement Age while an employee, your death while an employee or becoming disabled while an employee.
If You Receive a Distribution If your employment with the Company terminates and you receive a distribution of the entire vested portion of your Account, you will forfeit the nonvested portion of your Account.
Cash Out
After your termination of employment with the Company, if the vested amount of your Account (excluding rollovers) does not exceed $5,000, your vested Account will be distributed from the Plan. You may either elect to receive this distribution in cash or to roll over the distribution to an individual retirement account (IRA) or the qualified plan of your new employer (but only if your new employer’s plan allows such rollovers). However, if the vested amount of your Account exceeds $1,000 (or such lesser amount as determined by the Plan administrator in a nondiscriminatory manner) but does not exceed $5,000 and you do not timely return your election forms, the Plan Administrator must transfer your vested Account to an IRA established in your name; unless the distribution occurs after the Required Beginning Date. The mandatory distribution will be invested in an IRA designed to preserve principal and provide a reasonable rate of return and liquidity. All fees and expenses attributable to the creation and maintenance of the IRA will be paid from the IRA For further information concerning the Plan’s automatic rollover provisions, the IRA provider, and the fees and expenses attendant to the individual retirement plan please contact the plan administrator at the phone number found in the “ADMINISTRATIVE INFORMATION” section at the end of this Summary Plan Description. If the vested amount of your Account exceeds $5,000, you must consent to any distribution of your Account. However, the Plan Administrator may distribute your vested Account in a lump sum without consent at the time that distributions must begin by federal law.
You have the right to designate, in a written form acceptable to the Plan Administrator, one or more primary and one or more secondary beneficiaries to receive any benefit becoming payable upon your death. Your spouse must be your sole primary beneficiary unless he or she consents to the designation of another beneficiary. You may change your beneficiaries at any time and from time to time by filing written notice of such change with the Plan Administrator. If you fail to designate a beneficiary, or in the event that all designated primary and secondary beneficiaries die before you, the death benefit will be payable to your spouse, or if there is no spouse, to your children in equal shares, or if there are no children to your estate.