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Rexburg council adopts 401(k) Roth option, accepts FY2025 street report
Summary
The council adopted Resolution 2026-02 to add a Roth 401(k) option and several Secure Act 2 updates while keeping the city's 2% match as pretax; it also accepted the FY2025 annual street report showing $9.6 million carryover and a five-year $13.6 million construction plan.
The Rexburg City Council approved changes to the city's retirement savings plan and accepted the annual streets report during its Jan. 7 meeting.
CFO Matt Nielsen asked the council to adopt Resolution 2026-02 to amend the city’s salary-reduction/retirement plan to permit employee Roth 401(k) (post-tax) contributions and to adopt items from the federal Secure Act 2 checklist.…
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