ATS offers a 401(k) retirement plan through Principal. The plan allows an employee to contribute a percentage of their income. In addition to your contributions, ATS also contributes an Employer Safe Harbor Match, which is immediately vested.
Employees may contribute Traditional (pre-tax) and Roth (post-tax) to their 401(k) plans.
Eligibility: Employees are eligible on their date of hire to enter into the plan, and employees can begin to contribute to the plan in the payroll following their first payroll with ATS. Employees must be at least 21 years old and benefits-eligible to be eligible for the plan.
Employer Match: ATS matches the first 6% an employee contributes per pay period.
Contributions: Employee contributions can be made and changed directly through the Principal member portal. Employee-made changes are reported to ATS on a weekly basis and will process in the upcoming payroll if submitted by the Monday prior to the week of payroll.