Retirement

What does retirement look like for you? Maybe you plan to travel the world. Or maybe you’d like to take up some hobbies closer to home. Whatever your goal, it’s important to plan for your own finances so you have the income you’ll need in the future.

One of the best ways to ensure a secure retirement is to start saving as early as possible. Our 401(k) savings plan allows you to save for retirement on a pretax or post-tax basis. You can begin contributing to the plan at any time once you become eligible and can start making contributions to your account through convenient payroll deductions.

The 401(k) Plan Offers:

Immediate eligibility for all associates.
Resources from Voya Financial, including a mobile app so you can manage your account right from your phone.
Quality investment options, along with access to special services such as automatic account rebalancing and personal investment assistance from a licensed investment counselor.

Who is Eligible for the 401(k)?

Associates are eligible for matching if they are 21 or older, work at least 1,000 hours within a 12-month period and 1,000 hours each calendar year thereafter.

If you are at least age 21 or older, you will be auto-enrolled after 60 days of employment at 3% pre-tax contribution unless you contact Voya at 1-833-934-7658 to opt-out.

How Do I Enroll in the 401(k)?

You can enroll in the retirement savings plan by visiting weisretirement.voya.com and registering with your personal information. Once registered, you’ll be able to select your contribution percentage.

After 60 days of employment, Weis will auto-enroll you in the plan with a before-tax contribution rate of 3% of your regular pay and invest your contributions in the Vanguard Target Retirement Fund that is appropriate for your age, assuming you will retire at 65.

Differences of a Roth 401(k)

You pay taxes when you contribute, at your current tax rate.
Account interest and dividends are not taxed if you meet certain criteria.
Like a traditional 401(k), you can withdraw money without penalties when you reach age 59½, but you must have held the account for at least 5 years.
You are not forced to take distributions at age 70½. You can keep the money in your Roth account as long as you want.

Increase Your Retirement Savings with a 401(k)

Weis will match your contribution 50% up to 6% of your eligible pay or 3% of your compensation that you set aside.
You can contribute up to 50% of your regular eligible pay and/or up to 100% of your irregular bonus pay to help boost your retirement savings.
Contribute using convenient payroll deductions up to the IRS limit of $24,500 in 2026.
Change the amount of your contributions or stop your payroll contributions at any time.
Decide how to invest your 401(k) or allow the plan to choose for you.
The 401(k) contribution limit for associates age 50-59 is $32,500 in 2026.
The 401(k) contribution limit for associates age 60-63 is $35,750 in 2026.

After 60 days of employment, you will be auto-enrolled in the 401(k) Retirement Savings Plan at a before-tax contribution rate of 3% if you are 21 or older.