Open Enrollment

401(k)

The Renovo Home Partners 401(k) Plan, through T. Rowe Price, helps you plan for the future by saving today.

Eligibility

You’re eligible to join the 401(k) plan 90 days after your hire date. At that time, you’ll be automatically enrolled at a 3% before‑tax contribution rate. If you prefer not to participate, you can opt out anytime during your first 90 days.

Automatic Enrollment

Getting started with retirement savings can feel overwhelming. That’s why you’re automatically enrolled in the Renovo Home Partners 401(k) Plan.

  • Default contribution: 3% of your before‑tax pay
  • Default investment: T. Rowe Price Retirement Blend Trust, Class A
  • Make changes: Change your contribution rate, adjust investments, stop contributions, or make updates anytime at troweprice.com or by calling 800‑922‑9945.

You’re Enrolled, Now What?

  1. Set your contribution amount (up to IRS limits).
  2. Decide between Traditional and Roth contributions.
  3. Choose your investments and adjust as needed.
  4. Designate your beneficiaries and update anytime.

Traditional vs. Roth 401(k): What’s the Difference?

Traditional 401(k) Roth 401(k)
You put money into your account before it is taxed. The money is taxed before it goes into your account.
You pay taxes when you withdraw the money in retirement. Withdrawals are tax-free in retirement if you meet IRS requirements*.
You must start taking money out of the account at age 73. There are no required withdrawals during your lifetime.

*See IRS requirements for withdrawal.

Tools of the Trade

Find real people, ready to help.

Brightside Financial

gobrightside.com
855-940-1507
(Weekdays, 8:00 a.m. – 9:00 p.m. ET)

Download the Brightside app, or visit app.gobrightside.com.

T. Rowe Price

800-922-9945
troweprice.com

Download the app from the App Store or Google Play, or by texting MOBILEAPP to 68784.