Being ready for retirement is an important part of financial wellness. The key to success is to start saving now.
The Sportradar 401(k) Plan, administered by Empower, offers a variety of investment options. The company makes “Safe Harbor” contributions to match the employee contributions and help grow your retirement savings.
Visit participant.empower-retirement.com or call (800) 338-4015 to access your account or for more information.
All employees who are at least 21 years old may join the plan on the first day of the month following date of hire.
You may contribute up to the IRS maximum limit of $24,500. If you are 50 years or older by the end of this year, you may qualify to make additional catch-up deferrals of up to $8,000.
If you are between ages 60 and 63 by the end of this year, you may also qualify for a “super catch-up” contribution of up to $11,250, in addition to the standard catch-up amount.
All catch-up contributions (including super catch-up) must be made on a Roth (after-tax) basis.
The Roth 401(k) deferral option will give you the flexibility to designate all or part of your 401(k) elective deferrals as Roth contributions. All Roth contributions are made with after-tax dollars.
Sportradar will match your contributions dollar-for-dollar up to 3% and another $0.50 to the dollar for the next 2%. Personal contributions are pre-tax and deposited into your account through convenient payroll deductions.
Sportradar US LLC will accept rollover contributions from any other qualified plan (401(k), profit sharing, pension) if proof that the contribution has been in such a plan or a Rollover IRA can be furnished. You may roll over these funds prior to the time you are otherwise eligible to participate in this Plan. All rollovers are 100% vested.
Your plan allows you to borrow the lesser of $50,000 or 50% of your total vested balance. The minimum loan amount is $1,000 and you have up to 5 years to repay your loan.
Qualifying distribution events are as follows:
Looking for investment help or financial planning? Call us at (844) 714-7634 or set up an appointment at calendly.com/hays-financial-group or the QR code.
