Human Resources

Changes to the 401(k) Program effective January 1, 2019:
  1. Hardship Withdrawals: 
    • Participants will be able to pull Hardship withdrawal funds from their employee accounts to include both pre-tax contributions and earnings on the pre-tax contributions.
    • The requirement that a participant obtain a plan loan before requesting a hardship withdrawal is eliminated.
    • The six month suspension of pre-tax contributions following a hardship withdrawal is also eliminated.
  2. 401(k) Loans: 
    • Outstanding loan balances will be considered in default when a participant retires or otherwise separates employment. 
Changes to the 401(k) Program that went into effect January 1, 2016:
  1. 401(k) Auto Enrollment
    • 401 (k) Auto Enrollment will be effective on January 1, 2016 for all new and rehired eligible employees only.
    • New and rehired eligible employees must be provided with written notification detailing the 401(k) Plan Auto Enrollment process upon being employed during in-processing by their local servicing Human Resources Office. If the employee does not wish to enroll; the burden is placed on the employee to waive enrollment.  
    • New and rehired eligible employees will automatically be enrolled at 1% of salary with a corresponding employer match into the Fidelity Balanced K Fund. 
    • Note:  Employees may opt out of the plan at any time or increase their contribution level.  

Note:  The default fund for 401 (k) will change to the T. Rowe Price Target Date Funds from the Fidelity Balance K Fund for all new hires/rehires effective 13 Aug 18.   Employees will be placed in the appropriate Target Date Fund based on their age at enrollment.  Current employees that did not make an affirmative election upon hire and were placed in the Fidelity Balance K Fund will also have their bi-weekly payroll contributions automatically switched to an age appropriate Target Date Fund.  Current investment balances in the Fidelity Balance K Fund will not be impacted.  Employees may change their investment elections by visiting or by calling Fidelity at 1-800-835-5093.

  1. 401(k) Loan Program
    • Employees will be allowed only 1 outstanding loan at a time
    • Employees with one or more outstanding loans may continue to repay any outstanding loans, but may not request an additional loan until all loans have been paid off and the waiting period has been met.
    • Employees must wait 6 months from the date a loan is paid off before requesting another loan.
    • If a participant has a loan in default status, there is a 12 month waiting requirement before another loan may be requested.


How do 401(k) Plans Work?

With a regular 401(k) plan, money is deducted from your paycheck before taxes are withdrawn, which lowers your taxable income and therefore, lowers your taxes.

Eligibility for Participation

US Army NAF allows employees to begin making contributions immediately. Check your benefits enrollment materials to see what, if any, restrictions apply.

Contribution Amounts

The IRS sets a maximum amount you can contribute to a 401(k) plan in any given year and it is usually adjusted upward to account for inflation. The limit for 2018 is $18,500, with up to an additional $6,000 being allowed as catch-up contributions for those employees over age 50. 
In 2019, the contribution limit will increase to $19,000 and the catch-up contribution limit will remain the same at $6,000 for a total of $25,000.
What Is a 401(k) Match?: I keep hearing that I should be taking advantage of my employer match in my 401(k) - Why should I bother? 

Participating helps you plan for your financial future.

Your NAF Employer matches your contributions up to 3%, it makes financial sense to take full advantage of it. To ignore it is to miss out on money you are being offered as part of your benefits package. In fact, not all companies offer a matching program. Since US Army NAF does, do not miss out on this opportunity to earn free money. 

Here's what you need to know

How Much Does NAF Employee Benefits Match?

US Army NAF matching is up to 3% of salary. Employer matching schedule is 1% to your 1%, 2% to your 2%, 2.5% to your 3% and 3% to your 4%. 

Why an Employer Match Is Free Money

One way to appreciate the Army's 401(k) match is to think of it as real money. Say you make $40,000 a year. You contribute 4% of your salary on a pre-tax basis, or $1600.00. With US Army NAF matching 3%, that's $1,200 a year that's being added to your retirement fund or 75% to every 100% you contribute. No matter how much you currently earn, a 3% match is essentially a 3% raise that you are setting aside for later.

So, if you are wondering how much to save in your 401(k), start by saving up to as little as 1% to receive your employer's match. Think Ahead. Plan Now. It's Your Future.

These are the features of your 401(k) Savings Plan (with Fidelity Investments*):

  • 2018 IRS Maximum deferral is $18,500 and age 50 and over catch up contribution is $6,000 for a total of $24,500
  • 2019 IRS Maximum deferral is $19,000 and age 50 and over catch up contribution is $6,000 for a total of $25,000
  • Tax Deferred Savings
  • Contribute 1%-92% of Net Wages (after mandatory deductions, such as Social Security, Medicare and debt repayment). 
  • Employer Gives you FREE MONEY in the form of matching contributions from 1%-3%
  • Nine Investment Funds and eleven (11) Life Cycle Funds to choose from
  • 24 Hour Toll Free automated benefits line and internet access of your personal 401(k) account
  • Quarterly Statements
  • Hardship Withdrawals
  • Loan Program
  • Rollovers to and from Qualified Plans 
  • Vesting after 3 years of service
  • Over Age 50 Catch Up Contributions Available
  • Retirement Consultation 


Instructions on logging in to NetBenefits:

In order to access your Fidelity 401(k) account online, you will need your social security number and your Fidelity Personal Identification Number (PIN).

If you have not established a Fidelity PIN, call 1-800-835-5093 and follow the options. While establishing your PIN, you may also enable your online access.

Overseas participants may call Fidelity toll free by dialing the AT&T Direct Access code for that country and then 877-833-9900.

You are now ready to login to the Fidelity Netbenefits site. 

401K Plan Information Material:

*No official U.S. Army or Department of Defense endorsement implied by use of external links.