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You work hard to provide for yourself and your family. By participating in the IUJAT 401(k) program, you can also provide for your future.  

Social Security alone no longer ensures a secure retirement. The better you understand your options, the better prepared you’ll be when you retire. And you’ll get plenty of help along the way.

The International Union of Journeymen & Allied Trades has partnered with Principal® Financial Group, the nation’s 401(k) leader in union sponsored retirement plans.  
Principal®:

  • Offers a wide range of investment choices

  • Provides the participant with helpful investment information

  • Understands the needs of union members

Tax Advantages to Contributing

Tax-deferred contributions are a great way to save for retirement. They allow you to save for the future with dollars you would otherwise pay in current taxes. Contributing to a retirement plan is a great way to save for retirement without significantly affecting your take-home pay. Because Federal and State taxes are not paid on the amounts you contribute, you may reduce your current taxable income.

The more you contribute to the plan, the lower your taxable income becomes and the larger your retirement savings may be.  

Money you save benefits from tax deferred growth, which lets your money compound more quickly than it would if it were taxed yearly. In addition, Social Security is based on your income before you defer.  That means your Social Security benefits stay the same no matter how much you defer.


 

Tax-deferred contributions are a great way to save for retirement. They allow you to save for the future with dollars you would otherwise pay in current taxes