401(k) Retirement Plan
401(k) Retirement Plan
The 401(k) plan allows associates to save between 1% – 75% of your eligible compensation through 401(k) pre-tax or Roth 401(k) after-tax payroll deductions.
Eligibility Criteria: All associates age 21+ are eligible the 1st day of the month following one month of service.
401(k) Employer Match: CSM provides a Safe Harbor matching contribution on both pre-tax and Roth after-tax contributions. CSM will match $1.00 for every $1.00 you save, up to 3% of your pay, and $0.50 for every $1.00 you save on the next 2% of your pay. Save at least 5% in order to take advantage of the entire Safe Harbor matching contribution! Contributions will begin on the 1st of the month after you complete one month of service. Employer match contributions are fully vested immediately.
The 401(k) plan is administered by Milliman Benefits. Associates can contact a representative at Milliman with questions or to enroll by calling (866) 833-5584 or go online at www.millimanbenefits.com
Financial Planning
A benefit provided by CSM to all 401(k) eligible employees is access to a Financial Planner through Sageview Advisory Group. Sageview is the investment fiduciary to the CSM 401(k) Plan and can help you with:
- Investments
- Retirement Income Projections
- Tax Strategies
- Estate Planning
- Additional fee-based wealth management and financial planning.
Schedule time with a Sageview Financial Planner online HERE or by phone: (952) 221-0492
Summary Plan Documents
2024 documents coming soon!
- 2022 Welcome to Retirement
- 401(k) Summary Plan Description (SPD)
- 401(k) Summary of Material Modifications (SMMs)
- Free Financial Advisor Services
- 401(k) Annual Notices
- 401(k) Quick Start Guide
- 401(k) Summary Annual Report 2020
- Protect your Account with Milliman Withdrawal Lock
- How to Update Your 401(k) Beneficiary
- How To Register Your 401(k) Account with Milliman
- Milliman Rollover
- Finding Your Retirement Income Security Evaluation Score
- Preparing for Retirement