Welcome back to Uask502, the podcast for hardworking plumbers, pipefitters, and service techs of Local 502! In this episode, Ryan Kleber and Eric Elzy break down everything you need to know about the 401K auto-enrollment process, including important deadlines, opt-out options, and how it affects your financial future.
If you’ve attended a recent union meeting, you’ve probably heard discussions about auto-enrollment, the opt-out process, and how contributions impact retirement savings. We’re here to clear up confusion, answer common questions, and explain why this decision was made.
🔹 What You’ll Learn in This Episode:
✅ What is 401K auto-enrollment? (And why is it happening now?)
✅ Key dates – When does auto-enrollment start, and how do you opt out?
✅ How will contributions affect your paycheck & taxes?
✅ What happens if you don’t opt out in time?
✅ The difference between a 401K and a Roth IRA – Which one is right for you?
✅ How union trustees manage the fund & why participation matters
We’re not here to push this on anyone—we just want you to understand your options and make informed financial decisions. Whether you’re already participating, considering opting out, or just want to plan for retirement, this episode is packed with valuable insights.
📩 Have Questions? Want Us to Cover a Specific Topic?
Drop your questions in the comments or let us know what topics you’d like to hear in future episodes!
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