401(K) SAVINGS
The Corsair 401(k) Plan is an easy, tax-friendly
way to help you reach your future financial goals.
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UNDERSTAND YOUR 401(K) PLAN
With the 401(k) Plan, Corsair automatically deducts 4% from your paycheck as pre-tax contributions (you may change your contribution percentage at any time). The funds are deposited it into your 401(k) account; you will need to make your investment fund selection before funds will be invested. Corsair will also match dollar for dollar the first 4% of your personal contributions.
ELIGIBILITY
All full-time US employees are automatically enrolled in the Corsair 401(k) Plan at a 4% contribution rate.
PRINCIPAL
Monday through Friday, 7 a.m. - 9 p.m. (Central time)
When you log on to Principal for the first-time, follow these instructions​
YOUR CONTRIBUTIONS
Your contributions can be invested in a variety of funds. You are immediately 100% vested in both your own contributions and in the employer matching contributions (that means the money is yours as soon as it goes into your account).
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For 2025, you can set aside up to a total of $23,500 a year
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If over 50, you can set aside an additional $7,500 in “catch-up” contributions
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OPT OUT
If you do not wish to participate in the 401(k) Plan you may opt out. To opt out, simply set up your account with Principal and select “Opt Out”. If you initially decide to participate but change your mind at a later date, you can change your contribution rate to 0% at any time. Remember, if you opt out or adjust your contribution rate to 0%, you will not receive any employer contributions from Corsair.
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MANAGE YOUR ACCOUNT
You can manage your Corsair 401(k) Plan account through the Principal portal. This portal displays current information about your 401(k) account balance, contributions, investment choices, and other plan information. It also allows you to:
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Change your contribution %
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Change your investment elections
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Rebalance your investments
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Research fund performance
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Project your retirement income progress
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Print a statement
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Read or download resource materials and forms
PLAN DISTRIBUTIONS
If you leave Corsair, you may take a distribution or roll your balance over to your new employer’s plan or an IRA account. Please consult the plan portal for more information.
There are two situations where it is possible to receive distributions while employed at Corsair: a participant loan and a financial hardship distribution. Note that no more than two distributions may be made during a plan year. For more information, please consult the Principal portal or the summary plan description.
It is important to note that distributions may have potential tax consequences and you should carefully consider those consequences and / or consult with your tax advisor before taking a distribution.
LOG ONTO PRINCIPAL FOR MORE INFORMATION
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The Principal portal is your key to your retirement savings. Once you log on, you can access your account details, adjust your contribution amounts, select investment options, and track performance. On the portal you can also designate beneficiaries, request loans or withdrawals, and access educational resources.
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Monday through Friday, 7 a.m. - 9 p.m. (Central time)