Announcing – Allumé 401K Program!

 In Being Remarkable, Being Remarkable Vlog, Empowered Leadership, Uncategorized, Why I love Allume

It is with great pleasure and excitement I share some great news with you…

In January, Allumé will be launching a 401K program!

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Launching a 401K for our employees has been on my personal wish list since we founded the company 3 ½ years ago!  I feel it is extremely important to give employees any tools we can that foster good financial self-care.

What is the Allumé 401K Program?

  • It is a way for our team members to save money for retirement in a tax-advantaged way.
  • Employees can elect to direct funds automatically from their paycheck to a retirement investment account.
  • The investment earnings are not taxed until the employee withdraws the money from the account.
  • Participating employees will be given access to their account online, where the funds can be invested and directed.
  • ADP, our 401K partner, will provide tools and resources to help employees choose how to invest funds.

Why are we launching a 401K?

  • Financial wellness is an important dimension of self-care.  By offering a 401K, I hope it will encourage everyone on the team to make the simple yet profound commitment of investing in the well-being of one’s future self.
  • One of our core values is “enduring strength and sustainability.”  To me, offering a 401K gives our team an important tool to build this kind of long-term resilience into one’s life.
  • I believe that caring for one’s financial future is a powerful way to fill up one’s cup.  Without a full cup, we cannot give our best to others and the world around us.

We look forward to supporting our employees in building a strong financial future for themselves and their families.

By Coco Sellman

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