New Employees Auto-Enrolled

New employees* are automatically enrolled in the 401(k) Plan at 1% of their salary. Contributions to the traditional 401(k) are taken out before tax.

• You are invested in a Target Date Fund that is closest to the year you turn 65. 
• Target Date Funds offer employees a simple solution for investing for retirement by changing the mix of investment choices depending on their birth date and expected retirement date.
• Change the amount you are contributing, your investments, or cancel at any time by contacting Texa$aver.

*State agency employees hired after January 1, 2008.