JBS 401(k)

JBS Foods is one of the largest food companies in the United States. It produces beef, pork, poultry, and lamb products. It operates more than 350 production facilities in 20 countries and employs over one million workers worldwide. JBS offers its US employees various benefits, including a comprehensive 401(k) plan.

JBS employees can enroll in the JBS 401(k) plan on the first day of employment. The company also matches employee contributions at 50% of contributions up to 2% of eligible pay. The employee contributions vest immediately, but the employer-matching contributions vest over a 5-year vesting period.

JBS 401k provider

The JBS 401(k) plan, formally known as the JBS 401(k) Savings Plan, is with Empower Retirement. Empower is the second-largest retirement plan provider in the United States by participants, and it administers over $1.6 trillion in assets for 18.6 million clients. The provider handles 401(k) account administration, investment options, and customer service.

JBS employees can access their 401(k) retirement savings via the Empower Retirement website or mobile app. Once logged in, participants can monitor their account transactions, adjust their contributions, and choose investment options that match their financial goals.

JBS 401k login

If you have a 401(k) account with JBS Foods, you can log in to your 401(k) account on the Empower Retirement website. To access your 401(k) account, you must enter your username and password. If you forgot your username or password, you can use the "forgot username/password" feature to create new login credentials.

Once you become eligible to participate in the JBS 401(k) plan, you will need to create a new 401(k) account on the Empower Retirement website. You will be asked to enter your Social Security Number, ZIP code, and date of birth to verify your identity.

JBS 401k match

One of the benefits that JBS employees get is a company match, which begins after the first year of service. The company offers a 50% match of the employee’s contributions up to 2% of the eligible pay. Longer-serving employees are eligible for a higher matching contribution. Once you become eligible for the match, you should contribute at least enough to get the full match.

JBS 401k customer service

The JBS 401(k) plan, through Empower Retirement, offers a customer service team to address any issues that plan participants may have. If you need help with your 401(k) plan, you can contact Empower Retirement customer service representatives at 855-756-4738 any time from Monday to Friday 9.00 am to 8.00 pm EST.

JBS 401k loan

The JBS 401(k) plan allows participants to borrow against their retirement savings. The plan allows participants to take a general-purpose or a residential loan, with a repayment of 5 years and 15 years respectively. Generally, you can borrow anywhere from $1,000 up to half of your vested balance or $50,000, whichever is less.

Loan repayments are made through payroll deductions, and the payments go back to your 401(k) account. However, be aware that taking a 401(k) loan can affect your long-term savings potential since the money taken out of the 401(k) account misses out on tax-deferred growth.

JBS 401k after termination

If you leave your job, you can choose to keep your 401(k) money with the former employer or roll over the money into another qualified retirement plan such as an IRA or a new employer's 401(k) plan. If you choose to leave your 401(k) behind, you must have at least $5,000 in your 401(k) account.

If you got terminated and moved to a new employer, you can roll over the old 401(k) with JBS into your new 401(k) plan. Consolidating your 401(k)s makes it easy to manage your retirement money. Rolling over to an IRA also gives you access to a wider pool of investment options, and you can pick investment options based on your financial goals.

JBS 401k withdrawal

You will be allowed to withdraw money from your JBS 401(k) account once you attain age 59 ½, except in certain circumstances if you qualify for a hardship withdrawal. Standard 401(k) withdrawals are subject to income taxes at your tax bracket. However, withdrawals before age 59 ½ are subject to income taxes, and an additional early withdrawal penalty.

JBS 401k early withdrawal

In certain circumstances, you may be allowed to withdraw money from a 401(k) before age 59 ½. Some of these qualifying circumstances include disability, medical expenses, education expenses, and eviction. Early withdrawals are subject to income taxes and early withdrawal penalties, but some hardships may be exempted from the early withdrawal penalty.  

JBS 401k rollover form

If you want to roll over your JBS 401(k) account into another retirement plan, you will be required to fill out a rollover form. You can obtain the rollover form by logging into your 401(k) account on the Empower Retirement website or by contacting customer service. Once you complete and submit the rollover form, the plan administrator will transfer funds to your new retirement plan.

JBS 401k account number

You can find your JBS 401(k) account number on your 401(k) statement or by logging into your online account on the Empower Retirement website or via the mobile app. You can also contact Empower Retirement customer service for assistance in finding your 401(k) account number.

JBS 401k phone number

If you need help with your JBS 401(k) plan, you can contact Empower Retirement customer service at 855-756-4738. Customer service is available during business hours from Monday to Friday, 9:00 a.m. to 8:00 p.m. EST.

JBS 401k administrator

The plan administrator for the JBS 401(k) plan is Keely Westfall, the Benefits Manager at JBS. If you have questions or concerns about your benefits, you can contact the plan administrator at 800-240-9035. You can also write to the plan administrator via the following address: 1770 Promontory Circle, Greeley, CO 80634.

JBS 401k eligibility

New JBS Foods employees can enroll in the 401(k) plan on the first day of employment. Once enrolled, you can adjust your contribution rate depending on how much you want to contribute. You will also be required to choose investment options from a pool provided by your plan provider.

JBS 401k vesting

The JBS 401(k) plan has a 5-year vesting period when plan participants get to fully own the employer matching contributions. However, if you quit or are terminated before the five years, you get to keep a portion of the employer contributions. Employee contributions vest immediately, and employees fully own their contributions always.

JBS 401k app

Eligible JBS 401(k) plan participants can manage their retirement savings using the Empower Retirement mobile app. The Empower app is available in the App Store and Google Play store.

JBS 401k summary plan description

Once you enroll in the JBS 401(k) plan, you will receive a summary plan description from the plan administrator. This document provides information about the 401(k) plan, including plan requirements, contributions, withdrawals, 401(k) loans, etc. You can download the summary plan description by logging into your 401(k) account or by contacting the plan administrator.