Retirement Planning
No matter what point of your career you’re in, it’s never a bad time to think about your future and save for retirement.
Plan Details
| Plan Feature | Detail |
|---|---|
| Plan Name | Willow Bridge 401(k) Plan |
| Plan Type | 401(k) |
| Record Keeper | The Principal |
| Overview | Eligible employees can invest for retirement while receiving certain tax advantages. Administrative and record-keeping services for this plan are provided by Principal Financial Group. |
| Eligibility | You may start making pre-tax contributions into the plan when you have completed 30 days of service as defined by the Plan. You must also be at least 21 years of age to be eligible. |
| Annual IRS limit (2026) | $24,500 |
| Standard catch-up contribution limit for individuals ages 50 and older (2026) | $8,000 |
| Contributing to the Plan | The annual IRS limit for 2026* is $24,500, and the standard catch-up contribution limit for individuals ages 50 and older is $8,000. Annual Retirement limits are subject to change at any time per the IRS. Annual Retirement contribution limits for 2027 can be found at https://www.irs.gov/retirement-plans/401k-plans. |
| Roth Contributions | As a participant in the 401(k) Plan, you are able to save for retirement to help you achieve your retirement goals. The IRS limits the amount you can save annually, but if you are over age 50, you can contribute even more to the plan through catch-up contributions. You may make after-tax savings to a Roth account, as well. |
| Catch-up Contributions | If you are or will be age 50 or older during this calendar year and you already contribute the maximum allowed to your 401(k) account, you may also make a “catch-up contribution.” This additional deposit of funds accelerates your progress toward your retirement goals. The maximum catch-up contribution limit for 2027 can be found at https://www.irs.gov/retirement-plans/401k-plans. See your plan administrator for more details. *At the time of publication, 2027 contribution limits have not been finalized by the IRS and are subject to change. |
| Changing or Stopping Contributions | You may change the amount of your contributions any time. All changes will become effective as soon as administratively feasible and will remain in effect until you modify them. You may also discontinue your contributions any time. If you stop making contributions, you may start again at any time. |
| Vesting | Vesting refers to how much of your 401(k) funds you can take with you if or when you leave Willow Bridge. With our vesting schedule, each year you’ll own 25% of the company’s matching contributions. When you’re fully vested, you’ll own 100% of the contributions. You always own and are fully vested in the contributions you personally make to your 401(k). |
| Rollovers | If you have an existing qualified retirement plan (pre-tax) with a previous employer, you may transfer or roll over that account into the plan any time. To initiate a rollover into your plan, contact Principal at 800-547-7754 for details. |
| Consolidating Your Savings | Regardless of which retirement account you choose or how much you contribute, remember to think of it as a long-term strategy. Dipping into the account early will jeopardize the quality of your retirement and you may be subject to early withdrawal penalties from the IRS. |
| Investment Options | It’s up to you how to invest the assets. The Willow Bridge 401(k) plan offers a selection of investment options for you to choose from. You may change your investment choices any time. For more details, visit www.principal.com. |
| Tax Savings | In a 401(k), you don’t owe taxes annually on interest, dividends, or profits earned. |
| Enroll Online | Visit principal.com/welcome to get started. » Select Easy Enrollment to quickly enroll in pre-selected options. » Select Personalized Enrollment to take a more active role in your retirement planning and select from a full menu of plan and investment options. |
| Retirement Service Center | Get help enrolling by speaking with a Retirement Service Center Representative. Call 800-547-7754. Representatives are available Monday through Friday, 7 am to 9 pm CT. |
| Phone | 800-547-7754 |
| Website | www.principal.com |
Plan FeaturePlan Name
- Detail
- Willow Bridge 401(k) Plan
Plan FeaturePlan Type
- Detail
- 401(k)
Plan FeatureRecord Keeper
- Detail
- The Principal
Plan FeatureOverview
- Detail
- Eligible employees can invest for retirement while receiving certain tax advantages. Administrative and record-keeping services for this plan are provided by Principal Financial Group.
Plan FeatureEligibility
- Detail
- You may start making pre-tax contributions into the plan when you have completed 30 days of service as defined by the Plan. You must also be at least 21 years of age to be eligible.
Plan FeatureAnnual IRS limit (2026)
- Detail
- $24,500
Plan FeatureStandard catch-up contribution limit for individuals ages 50 and older (2026)
- Detail
- $8,000
Plan FeatureContributing to the Plan
- Detail
- The annual IRS limit for 2026* is $24,500, and the standard catch-up contribution limit for individuals ages 50 and older is $8,000. Annual Retirement limits are subject to change at any time per the IRS. Annual Retirement contribution limits for 2027 can be found at https://www.irs.gov/retirement-plans/401k-plans.
Plan FeatureRoth Contributions
- Detail
- As a participant in the 401(k) Plan, you are able to save for retirement to help you achieve your retirement goals. The IRS limits the amount you can save annually, but if you are over age 50, you can contribute even more to the plan through catch-up contributions. You may make after-tax savings to a Roth account, as well.
Plan FeatureCatch-up Contributions
- Detail
- If you are or will be age 50 or older during this calendar year and you already contribute the maximum allowed to your 401(k) account, you may also make a “catch-up contribution.” This additional deposit of funds accelerates your progress toward your retirement goals. The maximum catch-up contribution limit for 2027 can be found at https://www.irs.gov/retirement-plans/401k-plans. See your plan administrator for more details. *At the time of publication, 2027 contribution limits have not been finalized by the IRS and are subject to change.
Plan FeatureChanging or Stopping Contributions
- Detail
- You may change the amount of your contributions any time. All changes will become effective as soon as administratively feasible and will remain in effect until you modify them. You may also discontinue your contributions any time. If you stop making contributions, you may start again at any time.
Plan FeatureVesting
- Detail
- Vesting refers to how much of your 401(k) funds you can take with you if or when you leave Willow Bridge. With our vesting schedule, each year you’ll own 25% of the company’s matching contributions. When you’re fully vested, you’ll own 100% of the contributions. You always own and are fully vested in the contributions you personally make to your 401(k).
Plan FeatureRollovers
- Detail
- If you have an existing qualified retirement plan (pre-tax) with a previous employer, you may transfer or roll over that account into the plan any time. To initiate a rollover into your plan, contact Principal at 800-547-7754 for details.
Plan FeatureConsolidating Your Savings
- Detail
- Regardless of which retirement account you choose or how much you contribute, remember to think of it as a long-term strategy. Dipping into the account early will jeopardize the quality of your retirement and you may be subject to early withdrawal penalties from the IRS.
Plan FeatureInvestment Options
- Detail
- It’s up to you how to invest the assets. The Willow Bridge 401(k) plan offers a selection of investment options for you to choose from. You may change your investment choices any time. For more details, visit www.principal.com.
Plan FeatureTax Savings
- Detail
- In a 401(k), you don’t owe taxes annually on interest, dividends, or profits earned.
Plan FeatureEnroll Online
- Detail
- Visit principal.com/welcome to get started. » Select Easy Enrollment to quickly enroll in pre-selected options. » Select Personalized Enrollment to take a more active role in your retirement planning and select from a full menu of plan and investment options.
Plan FeatureRetirement Service Center
- Detail
- Get help enrolling by speaking with a Retirement Service Center Representative. Call 800-547-7754. Representatives are available Monday through Friday, 7 am to 9 pm CT.
Plan FeaturePhone
- Detail
- 800-547-7754
Plan FeatureWebsite
- Detail
- www.principal.com