401(k) FAQs
Please note that you will be automatically enrolled in the 401K at a 3% contribution rate unless you elect not to participate. To opt out, please contact Principal Financial Group at 800-247-7011 or by visiting login.principal.com
To Opt Out or Manage Your Account:
- Visit principal.com
- In the top right corner of the webpage, click “Log In.”
- Once on the log on screen, scroll down and click “Create an account.”
- You want to create an individual account.
- Follow set up instructions on the website.
If needed, the contract number is 457814 and the Identification number is your PeopleSoft number. The account is listed as Atlas Cold Storage USA.
Eligibility: If you are a full-time associate, you may begin to participate in the plan on the 1st month following 30 days of employment. If you are a part-time associate, you may begin to participate in the plan once you have worked 1,000 hours.
Salary Deferral Contributions: You may choose to contribute up to the IRS limits into the 401K plan. These limits can change annually. If you are age 50 or older, you are eligible to contribute additional to catch up contributions.
Employer Contributions: Americold will match 50% of the first 6% of pay you contribute through salary deferral.
Vesting: Every year you are in the plan, you vest 20% of the plan’s matching contributions on your anniversary date until you reach five years of service. You are immediately 100% vested in your own contributions.
For more information, contact Principal Financial Group at 800-547-7754 or principal.com.
