401K Plan
Available to US-based employees
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CSG's 401(k) retirement plan offers company matching and professional investment management. Employees can contribute up to the annual IRS limit, plus an additional catch-up contribution if age 50 or older.
Traditional 401(k): Offers tax-deferred saving, reducing current taxable income. Taxes are paid upon withdrawal, potentially at a lower retirement tax bracket.
Roth 401(k): Contributions are made with after-tax dollars. Qualified withdrawals of contributions and earnings are tax-free after five years. It benefits those who expect to be in a higher tax bracket in retirement than now. Consult a tax advisor.
Company Match: CSG matches up to 4% of employee contributions.
Eligibility: Employees must be 21 or older with six months of service to enroll, starting the following January 1 or July 1. Employees 21 or older with one year of service are eligible for the 4% company match, starting the following January 1 or July 1.