Titlemax 401(k)

Titlemax is a financial services company that offers car title loans, allowing customers to borrow money using their vehicle as collateral. Founded in 1998, the company operates in over 200 stores across the United States. If you work at Titlemax, you should understand the various benefits available to employees, including a 401(k) savings plan.

Titlemax employees are eligible to participate in the company’s 401(k) plan immediately upon hire. Once you complete one year of service, you will be eligible to receive a 50% match on up to 6% of your 401(k) contributions. The employee contributions vest immediately, while the employer contributions vest over 6 years.

Titlemax 401k provider

Titlemax offers its 401(k) plan, the Titlemax Employee’s Incentive Savings Plan, through Fidelity Investments. Fidelity is an American multinational financial services company with over $5.8 trillion in assets under management.

Titlemax employees can manage their 401(k) assets through the Fidelity website; they can track their 401(k) investments, update their contribution rates, and request 401(k) loans.

Titlemax 401k login

Titlemax employees can manage their 401(k) funds through the Fidelity website. To log in, go to the Fidelity website, and enter your username and password to access your 401(k) account dashboard. If you forgot your username or password, use the "forgot username or password" feature to reset your login credentials. If you don't have an account on Fidelity, you can register as a new user on the login page.

Titlemax 401k match

Titlemax offers its employees a 401(k) match to help them grow their retirement savings. The company provides a 50% match on the first 6% of an employee's contributions to their 401(k) account.

So, if you contribute 6% of your eligible pay to your 401(k), Titlemax will contribute an additional 3% to your 401(k). To get the full employer match, you should contribute at least 6% of your eligible pay.

Titlemax 401k customer service

If you need assistance with your 401(k) account, you can contact Fidelity’s customer service at 800-835-5095, Monday through Friday from 8:30 am to 12 am EST. There are no weekend hours, so it is best to seek help during weekdays for assistance with your 401(k) transactions, withdrawals, account balances, etc.  

Titlemax 401k loan

If you have a 401(k) account with Titlemax, you may be allowed to borrow against your accumulated 401(k) savings while you are still employed. You can take a general-purpose loan for any use, or a residential loan to buy or build your principal home. Generally, 401(k) loans have a repayment period of up to 5 years but can go up to 15 years for residential loans. You can check your summary plan descriptions for specific terms of the plan’s 401(k) loans.

Titlemax 401k after termination

If you leave Titlemax, you will have several options with your 401(k) plan i.e. leave it with Titlemax, roll it over, or cash it out. If your balance is at least $5,000, you may be allowed to leave the 401(k) money in the former employer’s plan to continue growing. You can also roll it over to your new employer’s plan, or an IRA to continue growing your retirement savings.

Titlemax 401k withdrawal

You can withdraw money from your Titlemax 401(k) plan any time from age 59 ½. However, there are circumstances when you may be allowed to take withdrawals before age 59 ½, but you will be subject to early withdrawal penalties, in addition to regular income taxes.

To request a withdrawal, contact Fidelity customer service or the Titlemax plan administrator and indicate the amount you want to withdraw. Then, choose how you will receive the distribution: direct bank transfer or check. Once your withdrawal is processed, you can expect to receive the funds within several days.

Titlemax 401k early withdrawal

While 401(k) withdrawals are allowed starting from age 59 ½, there are situations when you may be allowed to take an early withdrawal. For example, if you are facing a financial hardship or disability, you may be allowed to withdraw money from your 401(k) before age 59 ½.

Some of the eligible financial hardships include medical expenses, preventing foreclosure or eviction, education costs, home repairs, etc. Early 401(k) withdrawals typically result in a 10% penalty plus ordinary income taxes. 

Titlemax 401k rollover form

If you want to transfer funds from your 401(k) plan to 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 Fidelity website, or by contacting Titlemax plan administrator. Once you fill out and submit the rollover form, the plan administrator will transfer funds to your new retirement plan.

Titlemax 401k account number

You can find your Titlemax 401(k) account number by logging into your 401(k) account on the Fidelity website, or by checking the recent 401(k) statements. If you still can’t find your 401(k) account number, you can contact Fidelity customer service for assistance.

Titlemax 401k phone number

For inquiries related to your Titlemax 401(k) plan, you can contact Fidelity Investments customer service at 800-835-5095 Monday through Friday 8.30 am to 12.00 am EST. For issues related to your benefits, you can contact the plan administrator at 912-525-2675.

Titlemax 401k administrator

The plan administrator for Titlemax is Jena Legler, the current associate director of benefits at TMX Finance, the parent company of Titlemax. To reach the plan administrator for issues related to your 401(k) benefits, you can contact them at 912-525-2675 or mail through the following address: 15 Bull Street, Suite 200, Savannah, GA 31401

Titlemax 401k eligibility

New Titlemax employees become eligible to participate in the company’s 401(k) plan immediately. Once enrolled, you can adjust your contribution rate depending on the amount you want to contribute towards your retirement savings. You can choose the preferred investment options from the pool provided by Fidelity Investments.

Titlemax 401k vesting

Titlemax has a 6-year vesting period for employer-matching contributions. While employee contributions vest immediately, employees must complete at least six years of service to keep 100% of the employer contributions. However, if you leave before the six years, you only get to keep a portion of the employer match.

Titlemax 401k app

Titlemax employees can manage their 401(k) funds using the Fidelity Netbenefits app, available in App Store and Google Play Store. The mobile app allows enrolled participants to view their 401(k) balance, adjust contributions, update investments, request withdrawals, and stay up to date with plan communications.

Titlemax 401k summary plan description

The summary plan description outlines how the Titlemax 401(k) plan works, including eligibility requirements, contribution limits, withdrawal rules, employer match, etc. Once you enroll in the Titlemax 401(k) plan, you will receive a copy of the summary plan description from the plan administrator or benefits department. You can also request a copy of the summary plan description through your 401(k) account on the Fidelity website.