An Internal Revenue Code section 401(k) defined contribution retirement savings plan for employees of for-profit and nonprofit organizations that sponsor the plan. Horizon is designed to provide participants with one element of their overall retirement portfolio.
Participants can make before-tax and Roth contributions through payroll deductions. Personal contributions, any employer contributions made on a participant’s behalf and investment earnings comprise the retirement account balance. Participants can invest their accounts among Wespath Benefits and Investments' funds or use the LifeStage Investment Management Service to manage the investment of their accounts.
Must be an employee of a Horizon plan sponsor and meet the age and service requirements outlined in the employer’s adoption agreement. Employer will provide an opportunity to enroll once employees become eligible for the plan.