Retirement Plan

At Polaris, we strive to have the best team and best culture. To build the best team, we are committed to providing you with the tools to help you attain your retirement goals. Retirement typically entails replacing your annual salary from a workplace with other income sources to maintain your current lifestyle as you retire from the workforce.

We invest in you so you can invest in your future!

Polaris provides a 401(k) program with a 5% match and immediate vesting.

401(k) Overview

What is a 401(k) plan?

Simply put, a 401(k) plan is a type of retirement plan offered through Polaris. It makes a lot of sense to participate as soon as possible. Here are some notable advantages:

  1. Beyond providing a way to invest for retirement, 401(k) plans may offer huge tax advantages. For example, when you elect to make pre-tax contributions, your contribution comes out of your paycheck before income taxes are deducted, which means your tax bill may be lower. You could also save on taxes when you withdraw the money because you may be in a lower tax bracket in retirement.
  2. You have the opportunity to get “free” money from Polaris in the form of a matching contribution.
  3. Your retirement plan is a long-term plan for potentially growing your savings by investing in a mix of mutual funds, stocks, and bonds.

Take your first step. Confidently!

Taking that first step to enroll is important for several reasons. The earlier you start saving, the more time your money has to potentially grow. That’s called compounding, and it can really help you reach your retirement savings goals. See the illustration below.

  • The employer contribution is up to 5%
  • All employees are auto-enrolled at 5% with 1% automatic annual increase
  • To change the auto-enrollment amount, or opt out of the automatic annual increase, visit 401k.com