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401K is administered through Empower.
401K is administered through Empower.
401K retirement plans are offered to all full time team members, including Puerto Rico, depending on tenure.
Empower is CLEAR's 401(K) administrator.
Empower is CLEAR's 401(K) administrator.
Visit www.empowermyretirement.com to view and manage your 401(k) or call Empower at 877-456-4015.
From the Empower portal and mobile app you can:
Change your contribution amount/source
Change investment selections
Utilize planning tools and calculators
How do I create an account?
How do I create an account?
At the top right corner click the green "Register" button and click "I do not have a Pin"
Enter the required information to create your username and password
Plan Features & Highlights
Plan Features & Highlights
Eligibility and Auto-Enrollment
Eligibility and Auto-Enrollment
If you start before January 1, 2025:
You will be eligible to participate in the plan after 90 days of employment.
You will be auto-enrolled at 3% on your 91st day of employment.
If you start on or after January 1, 2025:
You will be eligible to participate in the plan after 6 months of employment.
On your 6-month anniversary date you will be auto-enrolled at 3%.
To manage your contribution amounts, login to your account on www.empowermyretirement.com and navigate to your contribution details. Changes made on your Empower account will feed into Workday and update in the next payroll cycle.
CLEAR 401(K) Employer Match and Vesting Details
CLEAR 401(K) Employer Match and Vesting Details
Clear Match
Clear Match
Up to 3.5% of your base salary will be matched by CLEAR:
100% of the first 1% you contribute, then
50% on the next 5%
Vesting Requirements
Vesting Requirements
New matching funds will vest in just 2 years, down from 3, so you access those funds sooner.
*Based on most recent hire date
Understanding Your 401(k) Vesting Schedule:
Understanding Your 401(k) Vesting Schedule:
Contributions made before January 1, 2025: These contributions will vest after three years, as per the original schedule. This means your employer match from your start date will fully vest on your 3-year* anniversary.
Contributions made on or after January 1, 2025: These contributions are subject to a two-year vesting schedule.
In summary, you have two vesting schedules:
Pre-2025 contributions: 3-year* vesting
2025 and later contributions: 2-year* vesting
*Based on most recent hire date
Other Highlights
Other Highlights
Match dollars are deposited into your 401(k) each pay cycle. Until you vest, you'll see both a vested and unvested balance in your account.
To better help you save for retirement, CLEAR will auto-escalate your 401(k) contribution by 1% each year on January 1 up to an annual maximum of 6%. If you are currently contributing 6% or more, this auto-escalate will not impact you.
You will be able to opt out of the automatic increase in the Empower portal before January 1 each year.
Do you still have a retirement plan account balance from a past employer?
Consolidating your outside retirement accounts into a single qualified retirement plan may save you time and make it easier to achieve the future you want.
Convenient — Review, access and adjust your account via a single statement and one website.
Holistic — Use our innovative income projection calculator to get a more accurate view of where you stand in reaching your retirement income replacement goal.
Simple — Easily manage your assets and reduce the need for multiple accounts.
Get started today — Click here or contact the Empower Solutions Center at 888-737- 4480
Consolidate your retirement accounts - Roll in.pdf
Important note for anyone maxing out their 401(k)!
If you are hired by CLEAR mid-year and have already contributed to a 401(k) plan under a previous employer, you may be at risk of going over the IRS contribution limits.
TheS IRS annual limit applies to your total contributions across all 401(k) plans, the limit is NOT per employer.
It is your responsibility to keep track of this and ensure your CLEAR contributions + contributions under a prior employer(s)’ plan do not exceed the annual IRS limit.
Investment Options
Investment Options
Personalized investment advice
Personalized investment advice
Schwartz & Co. will meet 1:1 with participants to discuss their optimal deferral rate, contribution source, asset allocation strategy, and long-term financial goals.
Contact our Schwartz team today at (866) 644- 2701 or chris.mackenzie@gjsco.com.
The information contained on this page should not be considered specific legal, investment, or tax advice.
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