home > employees > faq > questions about 410(k) plan

Questions About the 401(k) Plan

Q. Do you have a 401(k) Plan?

Our 401(k) Plan is available to all employees. The Plan is administered by ING Financial.

Q. When am I eligible to participate?

You are eligible to participate immediately.

Q. How do I enroll?

Contact HR.

Q. When will my 401(k) deductions begin?

Your 401(k) deductions will begin the first paycheck after your effective date.

Q. Does TPI offer matching?

TPI does not offer matching at this time.

Q. What is the 401(k) plan name and number?

The plan name is Tech Providers Inc. 401(k) Plan, and the plan number is #PH.316

Q. How often can I change my payroll deductions for 401(k)?

You can change payroll deductions amount(s) for the 401(k) at any time by contacting HR.

Q. How often can I change my fund selections?

You can change fund selections as often as you like by calling ING Financial directly or by visiting www.ing.com.

Q. Can I borrow against my 401(k)?

As long as your 401(k) balance is greater than $2,000, you can take up to 50% of your account balance for purposes of a loan (minimum loan amount is $1,000). There is a $75 loan origination fee and the loan is paid back through payroll deductions (the interest charged is prime plus 2%). Participants are also charged a $50 annual loan fee. Loan requests are made through the ING Life Annuity and generally take about 2-3 weeks to process all the necessary paperwork.

Q. After my contract employment ends, will I have to close my 401(k) account?

TPI does not require participants to close out their accounts upon ending contract employment. You may therefore either (1) leave your 401(k) account active with ING, or (2) close your account and transfer your monies to either an IRA, another qualified 401(k) plan or cash out. 

> back to top    > back to FAQ