401(k) Retirement Plan

This is a pre-tax contribution plan that allows you to set aside money for retirement purposes. Both full-time and part-time employees are eligible to participate in the 401(k) retirement plan. Employees become eligible upon their first day of employment.

MACF offers a discretionary contribution of up to 5%. You must complete at least one year of service to receive employer-matching contributions.

Under a 401(k) retirement plan, “vesting” refers to ownership. Each employee vests, or owns, a certain percentage of their account. At MACF, employee contributions are always fully and immediately vested. This means employees own 100% of the amount they contribute on their own.

The percentage of employer contributions that employees vest depends on years of service at MACF. See the below chart for exact percentages.