Retirement

One of the best ways to ensure a secure retirement is to start saving as early as possible. Our 401(k) savings plan allows you to save for retirement on a pretax basis. You can begin contributing to the plan at any time once you become eligible and start making contributions to your account through convenient payroll deductions.

Napoleon offers a 401(k) through John Hancock . The 401(k) plan allows you to save for retirement and enjoy significant tax advantages. You can contact John Hancock any time by logging in to Johnhancock.com for more information about the plan, your account balance, making contributions, changing investment elections, initiating a rollover or requesting a loan or withdrawal.

In-Network Benefit Highlights

Deductible (Individual/Family)
$XX/$XX

Out-of-Pocket Max (Individual/Family)
$XX/$XX

Preventive Care
$XX

Primary Care Visit
$XX

Specialist Visit
$XX

Urgent Care
$XX

Emergency Room
$XX

Who is Eligible for the 401(k)?

Participation in the 401(k) program is contingent upon 3 months of service, and you must be at least 21 years of age to join the plan. You will be automatically enrolled in the plan at 3% pre-tax the first pay period following you meeting eligibility requirements.

How Do I Enroll in the 401(k)?

John Hancock will mail out enrollment kits to Associates approximately 45 days prior to their eligibility date. Associates will complete their enrollment online with the information provided to them from John Hancock.

Increase Your Retirement Savings with a 401(k)

  • Napoleon will match your contribution based on the following schedule:
    • 100% of the matched employee contribution up to 1% of pay
    • 50% of the amount of matched employee contribution that exceed 1% of pay but up to 6% of pay
  • Contribute using convenient payroll deductions up to the IRS limit of $23,500 per year.
  • Change the amount of your contributions or stop your payroll contributions at any time.
  • Decide how to invest your 401(k) or allow the plan to choose for you.
  • The 401(k) contribution limit for the 2025 plan year:
    • Up to $23,500 in the plan year 
    • Age 50 or older can contribute an additional $7,500
    • Ages 60 – 63 have a higher catch-up contribution limit up to $11,250