Entrance date
You may begin participation in the 401(k) plan the first month following your hire date at EDENS.
How much I can save
In 2025, you may contribute on a pre-tax basis the maximum allowable by law ($23,500 for the Calendar Year = $903.85 per pay period) plus up to $7,500 ($288.46 per pay period) “catch up” contribution if you reach the age of 50 prior to the end of the calendar year. New 401(k) catch-up provision for 60 to 63 years old increased the limit to $11,250 for 2025 ($432.70 per pay period).
Company match
EDENS provides a discretionary match for the calendar year at the rate of 100% for the first $3,000 contributed and 50% for the next $9,000 contributed, not including the “catch up” contributions.
Vesting
You are always 100% vested in your own contributions. EDENS uses the following schedule for employer matching contribution vesting. A year of service is defined as having worked for EDENS at least 1,000 hours during the calendar year.
| Years of Service | Vesting Percentage |
| 1 Year | 0% |
| 2 Years | 0% |
| 3 Years | 100% |
Withdrawal of money
You may withdraw your money from the Plan in the event of your retirement, termination of employment, or death. Eligible reasons for withdrawing funds from the plan are listed below and may include fees for the transaction (see list of fees below):
- Retirement at the Plan’s normal retirement age
- Withdrawals of Elective Contributions at Age 59½
- Loans
- Death
- Disability
- Termination
- Hardship Withdrawals
Hardship withdrawals of Elective & Matching (if vested) contributions are allowed for an immediate and heavy financial need as listed below:
- Medical expenses incurred by, or to pay for medical care for you, your spouse, or your dependents
- The purchase of your principal residence (this does not include mortgage payments)
- Post-secondary (typically college) tuition, and related fees, for the next 12 months for you, your spouse, or your dependents
- The need to prevent eviction from your principal residence or the foreclosure on your mortgage of your principal residence
Borrowing against my 401(k)
You may take up to 50% of your vested balance out on loan. The minimum loan is $1,000, maximum is $50,000. Interest must be repaid at prime + 1%, and you are subject to a $75 loan origination fee. Repayments are made through POST-TAX payroll deductions and can be scheduled over 1 to 5 years. One loan is permitted at a time.
Rollover
If you have an existing retirement account with a prior employer, you may transfer or rollover that account into the plan at any time.
Checking my balance and other account activities
You may check on your account balance, change your deferral rate, and/or investment allocations at anytime online by clicking on the link below:
Other Resources
Retirement plan participants: Please call 1-800-547-7754. Principal’s toll-free voice-response unit is available 24 hours a day, 7 days a week. Retirement account representatives are available from Monday through Friday 8 a.m. – 9 p.m. ET.
Pre-recorded Educational Links
Investing Basics with Principal
Managing Uncertainty with Principal
***Please note that these are generic links, all plan specific information can be found in the Enrollment Workbook.
Online forms
Beneficiary form
Rollover form
Online booklet
401(k) EDENS Enrollment Workbook
Summary Plan Description
Plan Information
ERISA 404 Participant Information
401(k) Summary Annual Report – Plan Year 2023
Qualified Default Investment Alternative & Automatic Contribution Arrangement Notice
Note: The simplified benefit summaries contained herein are designed to be concise, simplified highlights of each benefit plan. As such, they are not comprehensive or authoritative. For complete details, please refer to the applicable benefit plan booklet provided by the insurer or your employer. In matters of tax or legal interpretation, seek the services of a qualified professional.