GAAAP Information Coming Soon

Grande offers a convenient, tax-deferred option to save for retirement with our Grande Associates Asset Accumulation 401(k) plan (GAAAP), powered by Empower Retirement. GAAAP allows you to contribute to the plan through pre-tax, Roth or after-tax payroll deductions as well as receive a profit sharing contribution. Saving for your future and financial security is important, so that’s why we help you set aside money!

  • Contribute up to 75% of your eligible pay, up to the 2025 IRS annual maximum ($23,500).
  • Grande matches 50% on every dollar you contribute, up to 5%. That means Grande will contribute up to 2.5% into your account.
  • If you have uneven contributions throughout the year or reach the IRS annual maximum early in the year, you will also be eligible to receive a true-up contribution from Grande in the following calendar year.
  • If you are over age 50, you have the option of an additional catch-up contribution of $7,500 for a total contribution of $31,000. There is also an additional catch-up contribution for certain ages. In the years in which you turn ages 60, 61, 62, or 63 you can save an additional $11,250 total in catch-up contributions. Normal catch-up contributions will resume in the year you turn 64. Log into Empower to update your catch-up contributions.
  • The Profit Sharing contribution is based on Grande’s three year rolling profit index. At 100% profit index, Grande will contribute 2% of your eligible wages into your 401(k) account. The contribution is made each February.
    • To be eligible for Profit Sharing, you must be benefit eligible at the time and be employed on the last day of the calendar year.
  • Company match and Profit Sharing contributions are fully vested after the completion of three years of service. You are 50% vested after 2 years of service and 0% vested at 1 year of service.
  • Annual contribution amounts are subject to change based on direction from the IRS.

Contact Empower by calling 877-778-2100 or by visiting empowermyretirement.com. You will be able to change your contribution amount, update your investment selections and designate your beneficiary online.

In addition to Empower, you can reach out to Marsh McLennon Agency (MMA), our retirement advisor, to receive assistance on your questions related to your savings rates, investments, retirement readiness, etc.