At LDF Food Group-Wendy’s it is our goal to provide our employees with a comprehensive benefits package*
*Not all employees are eligible for all benefits. All benefits are subject to the terms of specific insurance and LDF policies which are subject to change without notice.
Did you know that in addition to giving you the opportunity to save tax free dollars, LDF adds 15% of your contributions to your 401(k) account? And that you can choose from eighteen different investment options allowing your money to grow at an even faster rate? You can also check your 401(k) account balance, move money between funds, and change your investment options as often as you like! To be eligible for the LDF 401(k) Plan, you must have been employed for at least one year, worked 1,000 hours or more, and be twenty-one years of age or older.
Simplified Investment Options The LDF 401(k) Plan makes it easy to select your investments, even for those who are not comfortable picking and choosing from the various mutual funds. Most of us can easily identify ourselves as Conservative, Moderate or High Growth when it comes to investing money. To allow you to get the maximum advantage of these tendencies, the LDF 401(k) Plan has three diversified portfolios that are pre-designed to fit these investing profiles. You can simply select one of these three options and your account will be allocated accordingly. In addition, Target Date Retirement Funds allow you to pick one fund that will automatically adjust its diversification to become more conservative as you near your retirement age. There are nine Target Date Funds to choose from. The idea is to pick the fund that is closest to your expected retirement year. Target Date funds seek to help young investors stay ahead of inflation over time by using a higher percentage of equity investments. For those investors close to retirement, the funds seek to protect their savings through more emphasis on income oriented investments.
Automatic Enrollment Without a doubt, the biggest obstacle most of us face in accumulating funds for retirement is procrastination. We know we need to get started, but just don’t get around to it. Automatic enrollment has redefined procrastination to work in your favor! Every January and July, all eligible employees who are not yet participating will be automatically enrolled at 2% of their pre-tax pay.
Automatic Increase Effective each July the contributions for everyone who was enrolled automatically in prior years will automatically increase by 1% up to a maximum of 6% of their pre-tax pay. Of course, in both Automatic Enrollment and Automatic Increase, you will be able to select investment options, increase your contributions to as high as 20% or opt out of the LDF 401(k) Plan and/or automatic increase if you so choose.
It’s Your Money You are always 100% vested in your own contributions and can take that money as well as any investment earnings with you if you leave LDF for any reason. You can leave your money in your account, roll it over into an American Funds Individual Retirement Account, another IRA, another company’s 401(k) plan, or take a cash pay out. In addition, you begin vesting in LDF’s contributions after two years and are 100% vested after six years. You can also borrow from your 401(k) account for any reason and pay yourself back through payroll deductions.
Visit www.retirement.americanfunds.com to access your 401(k) account, learn about retirement planning and take advantage of a wealth of market and investment advice. You may also call Bob Crew (Triune Financial Partners, LLC) at 888-887-4863 or visit www.triunefp.com for more information.
REMEMBER ALL ELIGIBLE EMPLOYEES WHO ARE NOT ALREADY PARTICIPATING WILL BE AUTOMATICALLY ENROLLED IN THE LDF 401(k) PLAN AT 2% OF PRE-TAX PAY EACH JANUARY AND JULY AND HAVE THEIR CONTRIBUTIONS INCREASED BY 1% EVERY JULY UP TO A MAXIMUM OF 6% OF PRE-TAX PAY.
WHAT A GREAT WAY FOR YOU TO SAVE TAX DEFERRED DOLLARS, GET AN ADDITIONAL 15% OF YOUR CONTRIBUTIONS FROM LDF AND WATCH YOUR MONEY GROW!!!
IF YOU HAVE ANY QUESTIONS OR DO NOT WANT TO TAKE ADVANTAGE OF THIS GREAT PROGRAM, PLEASE CALL MARY TROY AT 316-636-5575 EXT. 2021 OR TOLL FREE AT 866-602-0862.
Now with the availability of both DIRECT DEPOSIT and PayCards for all employees, there is no need for you to have to wait around for checks to be handed out to get your pay.
Just talk to your General Manager or Administrative Assistant to get the information on how to sign up for all the conveniences of Direct Deposit and PayCards. To participate in Direct Deposit, you need to open a checking or savings account at any bank or credit union. But you don’t even need a bank account to get a PayCard. With both Direct Deposit and the PayCard, your net pay is available to you by 8AM of payday, (except if your payday falls on a bank holiday).
No more special trips to pick up your pay check or to the bank or check cashing store-an especially nice feature if you are on a day off, on vacation, out of town, or just too busy to make unnecessary trips. No more standing in lines waiting to cash or deposit your pay check and no more check cashing fees.
So if you are not already participating, see your General Manager or Administrative Assistant and sign up today to take advantage of the convenience, reliability, security and flexibility of either Direct Deposit or the PayCard.
If you already have a PayCard, always check your balance to avoid an ATM decline/inquiry fee. You can call the toll free number on the back of your PayCard 800-226-3931 anytime (24 hours a day) to check your balance or if you have any questions or difficulties regarding your account. You can also visit www.cardholder.comdata.com to review your account balance and activity.
With your LDF PayCard, you can receive 100% of your pay with no charge for you first transaction at any MasterCard Bank or Walmart Store and it is accepted at all MasterCard Merchants with no fee when used as a credit card. Your LDF PayCard can also be used at all Maestro POS Locations, Surcharge Free Allpoint ATMs (visit www.allpointnetwork.com for locations), online purchases, and electronic bill paying.
REMEMBER YOUR FIRST TRANSACTION EACH PAYDAY IS FREE!