This notice informs newly hired 401(k) eligible employees that they will be automatically enrolled in the company’s 401(k) plan. Employees can opt-out of contributing to the 401(k), but failure to do so will automatically deduct 401(k) contributions from the employee’s paycheck. The company can customize the percentage of the employee’s paycheck that will be deducted. In addition, this notice informs employees that the company will match the employee’s contribution. This notice is ideal for small businesses or other entities that want to inform employees that they will be automatically enrolled in the 401(k) plan.
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