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It’s almost time to enroll. Open Enrollment for your 2027 benefits is November 2–11, 2026.
What you need to do
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Money

401(k)

Start saving for tomorrow’s adventures today — with free money from IMI.

What you need to know

How it works

A 401(k) is a savings account that helps you save for retirement. You contribute money directly from your paycheck before taxes. You also have the option to choose Roth after-tax contributions. You can enroll or make changes anytime.

The IMI match

IMI matches your 401(k) contributions dollar-for-dollar, up to 6% of your eligible pay. That’s free money added to your account. You are 100% vested in both your own contributions and IMI’s match — that means it’s all yours to keep from day one.

Investment options

You have a wide choice of investment funds based on your goals, timeline, and risk tolerance. You can adjust your investment elections at any time.

Automatic enrollment for new hires

If you don’t choose or waive 401(k) contributions as a new hire, you’ll automatically be enrolled at a before-tax contribution rate of 3%. To get the most 401(k) money from IMI, increase your contribution to at least 6%. If you don’t make an investment election, you’ll automatically be enrolled in the managed account service provided by Morningstar Investment Management LLC, an independent registered investment adviser. You can change your contribution and investment choices at any time.

401(k) features

You can contribute up to the annual IRS limit, which is $23,500 for 2026. Your contributions are taken from your paycheck before taxes, which lowers your taxable income — so you keep more of your paycheck now and save more for later. You also have the option to choose Roth after-tax contributions.

If you are age 50 or older by the end of the year, you can make additional catch-up contributions beyond the standard IRS limit. The catch-up contribution amount is $8,000 for 2026. If you’re age 60 to 63, you can invest an additional $11,250 as a “super catch-up” contribution to save even more as retirement approaches. If you earn more than $150,000 annually, your catch-up contributions must go into a Roth 401(k) — meaning they’re made after taxes now, but your withdrawals in retirement are tax-free.

If you have retirement savings from a previous employer, you can roll it into your IMI account, so you can keep all your 401(k) dollars together. Contact Schwab to start the rollover process.

Make sure your 401(k) savings is paid according to your wishes in the event of your death. You can add or update your beneficiary at any time by logging in to your Schwab account (under My Profile).

Try to save at least 6%. That’s how much it takes to get the most 401(k) money from IMI.

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Get in Touch

Charles Schwab

Schwab Retirement Plan Services — 401(k) savings and investments.

More to explore

Employee Stock Purchase Plan (ESPP)

Health Savings Account (HSA)

Flexible Spending Accounts (FSA)