Retirement Savings Plan
Set your future self-up for financial stability with a 401(k) with our Fidelity 401(k) Plan.
With the 401(k) Plan, you elect a percentage of your pay to contribute, and Natus automatically deducts that amount from your paycheck and deposits it into your 401(k) account in the investments you’ve chosen.
The Natus 401(k) plan has the following benefits:
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Tax-advantaged saving
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Convenient, automatic payroll deductions
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Broad range of investment options
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Features that simplify planning
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An account you can take with you when you leave Natus or retire
Key Features of the Natus 401(k) Plan
Eligibility
You are eligible if you are a regular Natus employee.
Your Contributions
There are two tax-advantaged ways for you to contribute to your 401(k): Pre-Tax Contribution and After-Tax Roth Contributions.
Natus Company Match
Natus matches $0.75 for every dollar you contribute into your 401(k) plan up to a maximum of $2,500 per year. There is an automatic 6% enrollment contribution for New Hires (you have the option to opt out). You always own 50% of the match after one year of service, 100% of the match after two years. See the Vesting Schedule below.
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401(k) Plan Features
The Natus 401(k) plan includes:
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Funding
Tax Deferral Benefits
Why?
Features
Pre-Tax Contributions
Funded with pre-tax dollars
You defer paying taxes; your balance grows tax-deferred
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You think you’ll be in a lower tax bracket when you retire
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You’re OK not knowing exactly what you’ll owe when you retire
You pay taxes up front, but your contributions grow tax-free
Roth Contributions
Funded with after-tax dollars
You pay taxes up front, but your contributions grow tax-free
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You think you’ll be in a higher tax bracket when you retire
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You want the certainty of knowing exactly how much you’ll have in retirement
401(k) Contribution Limits
2025
Maximum Annual Contribution Limit
$23,500
Age 50+ catch-up contributions
$7,500
2024
$23,000
$7,500
2023
2022
2021
$22,500
$20,500
$19,500
$7,500
$6,500
$6,500
The special catch-up contribution available to individuals at least 55 years old in 2024
For 2025, you can contribute up to 60% of your base pay, up to these limits:
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$23,000 in tax-advantaged contributions, either pre-tax and/or Roth
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$7,500 additional, pre-tax and/or Roth, if you’re 50 or older
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$68,000 from all sources (combined pre-tax, Roth and after-tax).
Vesting Schedule
Vesting refers to the ownership of contributions and earnings.
You’re always 100% vested in your contributions, your earnings, and any funds you roll over from a previous company’s plan. This means that, if you were to leave Natus, you would own the entire value of your account.
The Natus contribution has a two-year vesting. 50% of the Natus contribution is vested after the first year, and 100% is vested after the second year.
Early Withdrawals and Loans
You may make withdrawals or loans from your 401(k) plan.
Withdrawals:
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In-Service Withdrawals - You may take an in-service withdrawal from your account when you are 59 ½ without penalty. However, that money will not be there when you retire, nor will it earn interests.
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Hardship Withdrawals - If you have an immediate financial need — like buying a house or paying educational expenses — you may be able to take a hardship withdrawal. You may also be eligible to withdraw certain post-tax money from your account.
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After-tax Withdrawals — You can withdraw after-tax contributions from your account at any time without paying taxes. But you still have to pay taxes and a penalty on the earnings if you’re younger than age 59½.
Loans:
You can take a loan from your account; however, in most cases, you need to repay it within 5 years. You repay yourself through payroll deduction, with principle and interest deposited to your account. Please be aware that the interest you pay on the loan may be taxed the 2nd time when you later withdraw it at retirement.
Identity protection
With 401(k) identity theft a growing industry, it is important to remain diligent.
Regularly reviewing your balance not only ensures you are investing correctly but also allows you to notice quickly if you’ve become a victim of identity theft.
IdentityForce expense reimbursement may be valuable gap protection in the event a hacker gets into those accounts.
With IdentityForce by your side, even if your account is compromised, they are there to provide guidance with resolving the issue and will even assist with reimbursement of funds lost.
Distributions
When you retire, you have to decide what to do with your 401(k) money. When you retire (or if you die), money can be distributed from your account without penalty. You may leave your money parked in the plan, roll the money into an IRA, take a lump sum distribution, or take periodic distributions.
It’s mandatory that you start taking distributions when you turn 70½.
If you withdraw money before age 59 ½, it may be subject to a 10% tax penalty.
You can also take a distribution from your account if you leave Natus. But you’ll pay a penalty if you’re under age 59 ½ and if you don’t roll it into an Individual Retirement Account (IRA) or another qualified plan within 60 days of the distribution.
Fidelity Resources
Make the most of your retirement savings
Learn more about different ways to save for retirement and to help keep growing your assets once you retire.
Prepare for the Reality of Health Care in Retirement
Understand more about the cost of health care in retirement and how you can prepare for it.
Fidelity Retirement Income Calculator
Use the Fidelity Retirement Income Calculator to gain a better understanding of your monthly income when you retire.
Enroll today
You can enroll online now at www.401k.com
Contact Fidelity at 1-800-835-5097 if you have any questions.
Talk to a Fidelity Investments Retirement Coach at 1-800-603-4015 (8:30 a.m to 9:00 p.m. EST).
This summary is not intended to replace the detailed information in the Summary Plan Description. Please refer to the Summary Plan Description for more detail.