Plan Options: 401(k) Retirement Savings Plan
Aleknagik Natives Limited, LLC’s 401(k) Retirement Savings Plan allows employees to save for retirement through convenient payroll deductions. Employees over the age of 18 years of age become eligible to participate upon their date of hire. The plan is administered through Lincoln Financial. Please see below for some key plan features or refer to the most recent Summary Plan Description for additional information.
Start looking to the future by savings up now. With a 401(k) retirement plan, you can start building a financial nest for your golden years.
(800) 234-3500 | lincolnfinancial.com/Retirement
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Retirement Plan |
401(k) Retirement Savings Plan Features
For the calendar year 2026, you can defer up to 100% of your eligible compensation or the annual IRS deferral limit of $24,500 for regular contributions and $8,000 for catch-up contributions (for those age 50 and over). Workers aged 60–63 can increase catch-up contributions to $11,500 or 150% of the catch-up limit, whichever is greater. This can be done on a pre-tax basis through payroll deductions, or you may choose to make after-tax (Roth) contributions.
Safe Harbor Match
After 6 months of service, Aleknagik Natives Limited, LLC will also contribute dollar-for-dollar up to 3% or compensation and 50 cents-on-the-dollar from 3% to 5% of compensation. All Safe Harbor matching contributions are 100% vested.
Vesting Schedule
Aleknagik Natives Limited, LLC’s Profit-sharing contributions are subject to the following vesting schedule, based on your date of hire:
Less than 2 years: 0%
2 years: 20%
3 years: 40%
4 years: 60%
5 years: 100%
Contribution Timing Makes a Difference
You can receive tax benefits by choosing when you contribute to your 401(k). Contributions can be made pre-tax, Roth (after-tax), or a combination of the two. Timing impacts when you pay taxes on your contributions.
Pre-tax contributions lower your taxable income today. The money contributed and their earnings will not be subject to taxes until you withdraw the funds.
After-tax contributions are taxed today, but free from additional taxes upon withdrawal. Both the contributions and the earnings are tax-free, as long as you have had your account for five years and you have reached the age of 59 1/2.
Manage Your Account Online
Make sure you are registered for an online account at lincolnfinancial.com/retirement. From your account, you can access the Lincoln WellnessPATH to manage your financial life. From setting a budget, to building emergency funds, to paying down debt, this took makes it easy to start achieving your financial goals.
