The Renfrew Center has established a 401(k) Plan to help you meet long-term financial goals. The plan allows you to save with tax-deferred money, earn investment returns, and receive an employer match.

For fund options, performance, and prospectus information — or help allocating funds — call Principal at 1-800-986-3343.

Eligibility & Contributions

Employees are eligible on the first of the month following three months of employment. Eligible employees are automatically enrolled at 3% unless you opt out. You may opt out or change your contribution up to 100% of salary, subject to annual IRS limits.

Changes are made through Principal and import automatically into Paylocity. Roth contributions can be selected on the Principal website after logging in.

2026 Contribution Limits

  • Maximum employee deferral: $24,500
  • Age 50+ catch-up: additional $8,000

Employer Match

Renfrew matches 25% of your contributions up to 6% of your annual salary.

Vesting

You are always 100% vested in your own contributions and earnings. Employer contributions vest on the schedule in your Summary Plan Description (SPD).

Resources