401K

To enroll, follow the additional instructions at the bottom of the page.

Sage offers a 401(k) retirement savings plan, which is administered by Securian Financial.

Sage wants to be sure that you have the opportunity to save money and prepare for retirement. At Sage, we offer all associates, including part-time associates, the ability to participate in our 401(k) retirement savings plan through Securian Financial.

ELIGIBILITY

You are eligible to participate in the 401(k) retirement savings plan the first day of the month following 60 days of employment. You must be 20 years of age in order to participate in the 401(k) retirement savings plan.

ENROLLMENT

Enrollment in the Securian 401(k) plan can be done by going to securianretirementcenter.com or you can call Securian directly at 800-294-4015. If you are a first time user, you will need to register prior to entering. On the website, you can start/change/stop contributions, change investment options, initiate a loan or hardship withdrawal, and much more. All enrollments and changes are reflected in 1–2 pay periods.

COMPANY MATCH

Sage's current employer match is 50% for every 1% you contribute up to the first 3%. To maximize the company match, you should contribute at least 3% of your pay each pay period.

PRE-TAX CONTRIBUTIONS

All monies contributed to your 401(k) retirement savings plan are withheld from your paycheck before taxes are calculated on your gross earnings, lowering your taxable income. You can contribute between 1% and 90% of your salary on a pre-tax basis, up to the IRS annual maximum.* Any bonus payments are considered income and 401(k) contributions will come out of them. You can change your contribution amount at any time.

*The 2020 maximum is $19,000. If you are age 50 or over, you may contribute an additional $6,000.

VESTING

You are always 100% vested in your own contributions (including rollovers). When it comes to the company match, there is a vesting schedule based on your years of service, not the amount of time that you have been participating in the plan.

1 year = 20% of the match balance
2 years = 40% of the match balance
3 years = 60% of the match balance
4 years = 80% of the match balance
5 years = 100% of the match balance

ROLLOVERS

Rollovers can be done at any time, even if you are not yet able to start contributing to the plan. You just need to fill out the appropriate rollover form and get a check from your current provider. Please contact Securian Financial at 800-294-4015 or visit securianretirementcenter.com.

INVESTMENT ADVICE

Neither Sage nor Securian Financial can provide you with advice on which funds to invest in. Don’t worry...we do have someone who can help you. Sage partners with First Western Trust to provide associates with investment advice free of charge. If you would like to speak with a First Western Trust advisor, please call 303-329-7000.

Enrollment Period: 10/21/2019 – 10/30/2019

To enroll in benefits, log into the Sage associate portal at mysage.com and follow these steps:

Step 1
Click on the “Health & Welfare” link under the “Benefits” tab, then choose “Open Enrollment” to enter the enrollment session and view your Eligibility Summary.

Step 2
Next, click on “Dependents” and follow the prompts. You will need to provide their name, relationship to you, birth date, and social security number.

Step 3
Next, make your benefits elections. When finished, scroll to the bottom of the page and click “Confirm Elections.”

Step 4
Review your confirmation statement to ensure you have made the correct benefit selections. Print a copy of the confirmation number for your records.

PASSWORD RESET

If you have any problems resetting your password, please contact your property Human Resources or email hris.support@sagehospitality.com.

If you have any questions about your benefits during the open enrollment process, please call 1-833-854-2702. (Please note that you cannot enroll by calling this number. The number is available for questions only.)