At Mesilla Valley Transportation (MVT), we want our employees to be happy and prepared for their retirement, so it is crucial that you understand the benefits of the 401(K) plan and what we offer at MVT. Currently, only 36% of MVT employees are enrolled in the plan, while 64% are not taking advantage of the 401(K) Retirement Savings plan. Rather than ignore this safety net for your future, take action immediately and begin preparing for your retirement before it’s too late by enrolling today!

Saving for Retirement is Your Safety Net

There are plenty of reasons why you should enroll in a 401(k) plan. The most important reason is that the 401(k) plan will help you live comfortably when you finally retire. No one wants to continue working when they should be retired, which is why it is important to start investing for your retirement. You don’t want to be struggling when you could be living comfortably. No matter what your age is, it is always important to have a safety net, and a 401(k) plan will help your future tremendously. Start investing in your future today!

401(k) Safe Harbor Employer Match

Everyone loves free money, and a company-matched 401(k) is basically that, which means if you are not enrolled in the plan, then you are not taking advantage of free money. For example, when an employer matches the contributions of an employee in a 401(k) plan, they are matching them dollar for dollar, up to the first 4% of your paycheck. When you have a Safe Harbor 401(k) plan, it requires employers like MVT to make these contributions to your retirement plan, and these contributions are 100% vested immediately.

You Control Your Plan

The great thing about a 401(k) plan is that you can control all of it, and you don’t have to get approval for those changes. For example, you can decide how much money you want to put toward your retirement while having the option to change it later on. You can adjust the amount any time by increasing it, decreasing it, or even changing it to zero. Even if you were automatically enrolled in your plan, you could still change your contribution amount without having to worry about asking permission because it is your money in the end. Not only can you change the amount taken from your paycheck, but you can also decide on taking your 401(k) plan with you to another company or leave it there. The best thing about your retirement plan is that it is all up to you to decide.

Tax Advantages

The best part about having a 401(k) plan is that your contributions are taken out before your taxes. This is helpful because it makes your taxable income less, and it saves you money. In addition to that, the plan also offers a Saver’s Credit to low-income employees, which means that if you qualify for this credit, then you will be able to take a tax credit for making eligible contributions to your employer-sponsored retirement plan.


The plan also has a loan feature that allows you to borrow up to 50% of your account balance or a minimum of $1,000 from your retirement plan. Basically, you are borrowing money from yourself, but you are still expected to pay back the principal amount borrowed plus interest up to 2% and the prime rate within five years.

Hardship Withdrawal

If you are ever dealing with an emergency that causes financial distress, it is important to remember that your 401(k) plan offers you hardship withdrawal. For example, this plan gives you the option to withdraw from your 401(k) account if you meet specific guidelines. In some cases, you can take funds out that do not exceed your retirement plan without having to pay the 10% early withdrawal penalty if you are not 59.5 years old yet.

Working for Mesilla Valley Transportation means more than a job for you; it is a career that offers many benefits and perks, which is why it is important to invest in your future retirement by enrolling in your 401(k) plan immediately.