Full-time and part-time associates at least 18 years of age and older are eligible to participate in the IMA 401(k) Plan on their date of employment. You may enroll in the 401(k) plan at empowermyretirement.com, designate beneficiaries, make contribution changes and update investment elections at any time. Make sure you review your retirement goals periodically to ensure your contribution matches your target retirement income.

Once the eligibility requirement has been met, typically between 30 – 45 days from date of hire, the plan will begin setting aside 6% of your pay each pay period on a pre-tax basis. If you wish, you can choose to opt-out of the automatic enrollment in the 401(k) plan at any time.

Any new hire beginning on or after 1/1/2026, who has allowed the automatic enrollment feature to select 6% pretax on their behalf, will also have an 1% automatic contribution increase each year. The first increase will occur on 1/01/2027 and continue to increase 1% each year, up to the maximum of 10% per paycheck. If you do not wish to have a 1% automatic increase occur, you can opt out on the Empower site.

The 401(k) plan allows you to contribute between 1% to 75% of your salary. As an eligible employee, you have the option to select a percentage of your eligible pay or elect to do a flat dollar contribution. Contributions may be changed at any time throughout the plan year and will apply to the next available payroll. Newly eligible participants will be automatically enrolled at a contribution of 6%, typically starting between 30–45 days from the date of hire, from each pay period on a pre-tax basis.

After you become eligible for the 401(k) plan, IMA will boost your retirement savings with pre-tax company matching contributions.

• IMA offers dollar-for-dollar matching for the first 3%, then 50% of the next 2% you contribute of your eligible pay. Contribute 5% or more to receive the full 4% company match.
• Matching contributions are credited to your 401(k) account each pay period that you contribute.

To rollover funds into your Empower account:

• Complete the Incoming Transfer/Rollover form found in your Empower account by clicking on Account>Overview>Plan forms>Incoming Transfer/Rollover
• Review the Payment Instruction section of the Incoming Transfer/Rollover Form
• Rollover Checks should be made payable to Empower Trust Company, LLC
  • Include the following information on the check:
    • Participant Name
    • Social Security number
    • Plan# 335611-01
    • Plan name: IMA Financial Group 401(k) Profit Sharing Plan and Trust
  • Regular mail address for the check and form (if mailed together):
    • Empower Trust Company, LLC
      PO Box 561148
      Denver, CO, 80256-1148
• Contact Empower Retirement services with questions at 1.844.465.4455

For information on taking a loan, in-service withdrawal or hardship withdrawal from your 401(k), log on to your account at empowermyretirement.com or contact Empower Retirement services at 1.844.465.4455.

• Make sure you set aside at least 5% to get IMA’s full match.
• Start saving as soon as possible to grow your retirement account.
• Begin with small contributions, if necessary, and increase contributions over time.
  • You can even use the auto-increase feature on the Empower website.
• Make setting aside money for retirement a habit.
• Understand investment returns may fluctuate.
• Let it sit. Avoid penalties by leaving funds in your 401(k) until retirement.
• If you change jobs, you can roll over your retirement account.

1. Sign into empowermyretirement.com
2. Select the I want to drop-down menu
3. Choose the View/edit beneficiary information option.
4. Update your beneficiary information.

Employees will need the following information on hand about their beneficiary before getting started:

• First and last name
• Date of birth
• Social Security number
• Home address

1. Sign into empowermyretirement.com
2. Under the Account tab select Contributions
3. Click on the Edit option
4. Be sure to submit the changes so that they go into effect

We are pleased to offer an interactive educational series of virtual group sessions where you’ll connect with an Empower educator! These sessions are open to all Empower participants and focus on a variety of topics.

See upcoming webinars on the events calendar page.

To register for an upcoming webinar visit educationseries.empowermytime.com.