Trinet provides human resource solutions, including HR management, payroll processing, tax administration, and employee benefits programs, to small and medium-sized businesses in the United States. If recently joined Trinet or you are an existing employee, here is what you should know about the company’s 401(k) plan.

Once you join Trinet, you will be eligible to enroll in the Trinet 401(k) plan immediately. You must be at least age 21 or older, and you can contribute up to 75% of your eligible compensation to your 401(k) plan. Trinet also matches employee contributions dollar-for-dollar up to 4% of your contributions.

Trinet 401k provider

Trinet offers its 401(k) plan through Transamerica, a financial services company that offers investment and retirement solutions globally. As of 2024, the company had over 10.3 million customers and over $62.86 billion in assets under management. Enrolled Trinet employees can access their 401(k) funds via the Transamerica website.

Trinet 401k login

To access your Trinet 401(k) plan, you will need to log in via the Transamerica 401(k) portal. On the login page, enter your username and password. If you forgot your login details, you can use the “forgot login” feature to reset your login credentials. Also, if you are a new employee, you will be required to register as a new user to set up your login credentials.

Trinet 401k match

One of the benefits Trinet employees receive is an employer 401(k) match. Trinet offers a 100% match for employee contributions up to 4% of eligible compensation. So, if you contribute 4% of your eligible pay to your 401(k), Trinet will match your contributions dollar-for-dollar, doubling your savings to 8% of your eligible pay.

Trinet 401k customer service

If you need help with your Trinet 401(k) plan, you can contact Transamerica customer service at 800-755-5801 any time from Monday to Friday 8 am to 9 pm EST. There are no weekend hours. Whether you are unable to access your 401(k) account, make withdrawals, or request a rollover, you can reach out to the customer service representatives for assistance.

Trinet 401k loan

If you want to tap into your 401(k) retirement savings, the Trinet 401(k) plan allows participants to borrow against their 401(k) money. Generally, you will be allowed to borrow the lesser of 50% of your vested 401(k) balance, up to a maximum of $50,000. You can take a general-purpose loan or a residential 401(k) loan depending on the purpose of the loan. Before taking a 401(k) loan, you should consider alternative options, including a personal loan or tapping into your emergency fund to meet short-term needs.

Trinet 401k after termination

If you leave your job at Trinet, you have several options with your 401(k) money. You can leave the 401(k) plan with Trinet, but you need to have at least $5,000 in your balance. You can also choose to roll over to an IRA to maintain the tax advantages of the retirement savings.

If your new employer offers a 401(k) plan, you can choose to roll over your old 401(k) to consolidate your retirement savings under one account. Lastly, you can decide to withdraw the 401(k) money, but be aware that withdrawals before age 59 ½ will be subject to income taxes and penalties.

Trinet 401k withdrawal

Trinet allows several types of 401(k) withdrawals. If you are age 59 ½ or older and actively employed, you will be allowed to take penalty-free withdrawals from the account. However, you will pay income taxes on the withdrawal at your tax bracket.

You will also be allowed to take in-service withdrawals while still employed; you can withdraw from your rollover funds or a Roth 401(k) account.

The plan also allows participants who are below age 59 ½ to take hardship withdrawals. To qualify for a hardship withdrawal, you must prove immediate and heavy financial need, and you must have exhausted all other options available, including in-service withdrawals.

Trinet 401k early withdrawal

You may be allowed to take an early 401(k) withdrawal from your Trinet 401(k) plan if you are facing an immediate and heavy financial need. Some of the qualifying hardships include the purchase of primary residence, repair of primary residence, non-reimbursed medical expenses, post-secondary education expenses, funeral expenses, etc. The hardship withdrawal may not exceed the amount needed to cover the hardship withdrawal and any arising taxes.

Trinet 401k rollover form

You should follow several steps to roll over your Trinet 401(k) plan into another qualified retirement plan.

First, get information about your Trinet 401(k) plan, and decide where you want to roll over the 401(k) funds to. Next, obtain a rollover form via your 401(k) account on the Transamerica website.

Once you complete and submit the rollover form, Transamerica will initiate the process. You can choose to make a direct rollover or receive a mailed check and deposit it into your new retirement plan.

Trinet 401k account number

You can find your Trinet 401(k) account number by checking your latest 401(k) statement or by logging into your Trinet 401(k) account. If you still can’t find your 401(k) account number, you can contact Transamerica customer service for assistance.

Trinet 401k phone number

For any inquiries related to your 401(k) plan, you can contact Transamerica customer service at 800-755-5801 any time from Monday to Friday 8 am to 9 pm EST. There are no weekend hours.

Trinet 401k administrator

The plan administrator for the Trinet 401(k) plan is Samantha Wellington. If you have any questions about your 401(k) benefits, you can contact the plan administrator at 800-243-8489 or by writing to the following address: 9000 Town Center Parkway, Bradenton, FL, 34202.

Trinet 401k eligibility

Once you join Trinet, you become eligible to enroll in the company-sponsored 401(k) plan immediately. Once enrolled, plan participants can contribute up to 75% of their eligible compensation. However, an employee must complete one year of service to qualify for the 401(k) match. You will be allowed to adjust your contribution rate, depending on how much you want to contribute to your 401(k).

Trinet 401k vesting

Employee contributions to the Trinet 401(k) plan vest immediately. However, employer contributions are subject to a six-year vesting period; 20% after two years, 60% after four years, and 100% after six years. If you leave Trinet before the six years, you only get to keep a portion of the employer contributions.

Trinet 401k app

You can access your Trinet 401(k) plan via the Transamerica Retirement app. The app is available on both Google Play and App Store. You can use the mobile app to check your 401(k) balance, update your contribution rate, select investment options, etc.

Trinet 401k summary plan description

Once you join the Trinet 401(k) plan, you will receive a summary plan description from the plan administrator. The summary plan description outlines the plan benefits available to employees and the various plan requirements. You can request a summary plan description by logging into your 401(k) account on the Transamerica website or by contacting the plan administrator.