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Board adopts automatic 5% URS/401(k) enrollment for new hires; employees may opt out

Wasatch County School District Board · March 26, 2024
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Summary

The board approved a policy to automatically enroll all new employees at a 5% contribution into the district retirement/401(k) plan, with an option to opt out by signed waiver and a required one‑on‑one meeting with staff.

The Wasatch County School District board voted to implement an automatic retirement‑plan enrollment for newly hired employees.

Presenter Sean Kelly told the board the proposal would automatically place all brand‑new employees into a 5% contribution to their URS/401(k) account, and that new hires may opt out by signing a waiver after a one‑on‑one meeting to explain the change.

"All brand new employees will have a 5% of their own funds put in their 401K; they will have the opportunity to opt out of that through a signature," Sean Kelly said during the meeting.

Board members moved, seconded and approved the recommendation. The policy applies only to new hires; current employees are not affected. Staff said human resources will meet individually with each new employee to explain the enrollment and opt‑out process.