Idea Grove sponsors a 401(k) plan for employees through Ubiquity Retirement + Savings, with investments managed by AssetBuilder, an SEC-registered investment advisor for Dimensional Fund Advisors (DFA). The DFA family of funds offers "smart indexing" based on the Fama-French school of research. You can learn more about Dallas-based AssetBuilder and Austin-based DFA in this FAQ.
Employees are eligible to participate in the 401(k) plan after three months of employment with Idea Grove. You may choose to participate as soon as you become eligible, or at any future point in time. Employees have the option to enroll in either a traditional 401(k) or Roth plan. (Learn more about which kind of 401(k) is right for you.)
Idea Grove currently matches two percent of employees’ salary with a three-year cliff-vesting schedule. This means after three years of working at least 1,000 hours per year at Idea Grove, the amount that Idea Grove has contributed will become yours in full. If your employment ends with Idea Grove before three years, or 1,000 hours per year, the amount Idea Grove has contributed will revert back to Idea Grove.
Setting Up Your 401(K) Account
When you become eligible to participate in the 401(k) plan, you will receive a welcome email from Ubiquity with a link to establish your account. At the time you set up your account you will need to provide the following information:
After creating your account, you will proceed to View Profile to:
Next, you will be asked to complete the Risk Profile Questionnaire by AssetBuilder to determine your investment strategy. A representative from AssetBuilder will contact you to review your answers and help you decide which investment model is right for you.
To select your investment model:
We encourage every Idea Grove team member to participate in the 401(k) plan as a way to prepare for their financial futures. (Yes, you need a 401(k) in your 20s. Here's why.)