Merrill Lynch 401 (K)

401 (K)

401Choctaw Nation of Oklahoma sponsors a 401(k) plan to assist you in saving for your retirement. Full-time and part-time associates are eligible to participate upon attaining age 21 and completing 1 year of service. When you are eligible to participate in the plan, you will automatically be enrolled, unless you elect otherwise. Under Automatic Enrollment, 3% of your paycheck before taxes will be contributed unless you elect not to make Elective Deferral Contributions or to increase or decrease your Elective Deferral Contribution percentage. Choctaw Nation of Oklahoma will make a Matching Contribution up to 5% based on your individual contribution.