If the 401(k) is available as a benefit to you, the typical waiting period is 90-days however it may vary depending on the Client election.  Some Client locations will require that you be with them at least 6 month to 1 year before you are eligible to participate.

Once you are eligible to enroll, you should receive a Slavic 401(k) packet either directly from Simple HR or Slavic Investment Group.  There is a link to their website elsewhere on our Benefits Website.  After receiving your packet, you should carefully review the information and complete the application for enrollment.  You have the option to determine a percentage of your wages you wish to contribute to your 401(k) which is commonly referred to as a deferral.  You can also designate a specific dollar amount if you wish. 

Once you complete the application, fax it to Simple HR or to Slavic 401(k).  Your deferrals will begin on the first day of the next quarterly open enrollment.  For example, if you complete the paperwork in August, your deferrals will not begin until October, which will be the start of the 4th quarter open enrollment for the 401(k). 

Most everyone has questions about how to invest in a 401(k).  Based on recent changes in the federal law regarding how 401(k) third party administrators may advise participants, Slavic Investment Group can now speak to each of our participants about their investment options.  The Simple HR 401(k) portfolio has plenty of options for participants to consider including three pre-allocated investment options – aggressive, moderate, and conservative.

Please do not hesitate to contact Simple HR or Slavic Investment Group directly if you have any questions.