401(k) Plan

To help you prepare for retirement, we offer a qualified 401(k) plan to eligible team members.

​

Clemens Food Group encourages all Team Member to participate in the 401(k) retirement plan through Merrill Lynch. This plan offers tax free savings for the future and retirement.
 

• You can earn a 4% employer contribution after a year of contributing if you contribute at least 5% of your annual income.
   

• New team members are automatically enrolled into the 401k program at 5% of your annual income. Contributions start the first paycheck of the month following 60 days of employment.
   

  • If you are a new team member that does not want to contribute, you will need to reach out to Merrill Lynch within your first 60 days of employment to cancel.
     

• If you want to cancel or change your contribution, please contact Merrill Lynch directly at 1.800.228.4015 or login to your online Merrill Lynch account at www.benefits.ml.com.
   

• Make sure you name a beneficiary once you start contributing! To add a beneficiary or for more information, please contact Merrill Lynch at www.benefits.ml.com or 1.800.228.4015.
   

If you have any further questions about the 401k, please contact your HR Business Partner.