Maple Leaf Farms offers savings programs that can help you plan for the future. These programs include the 401(k) Savings & Retirement Program and the 529 CollegeChoice Direct Savings Plan.
This page provides a general overview. Review the Summary Plan Description, plan documents, investment materials, and account provider information before making savings or investment decisions.
401(k) Savings & Retirement Program
Powered by Empower Retirement
Website
Customer Service
1-855-756-4738
Retirement Specialists available to assist
Mobile App
Manage Your Account
You can log into Empower's site or contact customer service to review your account, update beneficiary information, change contributions, or get help with 401k enrollment questions. You are able to make changes at any time including changing your contribution amount, funds, or any other applicable changes. You're also able to stop, start, or change your contributions at any time.
Auto Enrollment
Automatic Enrollment
All eligible employees are automatically enrolled in the plan.
New hires will receive a packet in the mail regarding automatic enrollment.
Eligibility
Employees age 18+ are eligible, excluding leased employees, temp workers, independent contractors, non-resident aliens, and employees under collective bargaining agreements unless otherwise stated.
Contribution Highlights
Pre-Tax Contributions
Contribute 0%–50% of your pay
Roth Contributions
After-tax Roth salary deferrals available
2026 IRS Limit
$24,500 max employee elective deferrals
Employer Match
MLF matches a portion of your pre-tax and after-tax contributions
Catch-Up Contributions
Age 50+ may make additional catch-up contributions. For individuals aged 50 and older, standard catch-up contributions are $8,000
Vesting
100% vested immediately in pre-tax, Roth, and Safe Harbor Match contributions
Loans
One loan at a time
Borrow up to 1 loan at a time.
Loan rules
The IRS guideline is the lesser of 50% of vested account balance, or $50,000 minus your highest outstanding loan balance in the last 12 months. Please see Summary Plan Description for additional rules or contact Empower Customer Service.
Repayment
Up to 5 years, or 10 years for a primary residence, repaid through payroll deduction.
Interest rate
Prime rate + 1%
Beneficiary Information
Update Anytime
Designate or update your beneficiary at any time through your Empower account online or via the app.
Keep It Current
Review your beneficiary information after major life events like marriage, divorce, or the birth of a child.
Need Help?
Log in at www.empower.com or call 1-855-756-4738.
Rollovers
Bring savings together
Roll over existing retirement savings into this plan.
Roth rollover option
Roth rollover funds from another qualified plan may be rolled into this plan's Roth account.
Speak with a specialist
Call 1-855-756-4738 to speak with a Retirement Specialist.
Want to Decline Enrollment?
If you do not want to participate in the 401(k) plan, you can decline enrollment through Empower. Review your auto-enrollment notice for instructions and timing.
If you do not take action, you will be enrolled according to the plan's rules. You can also use Empower to review your account, change contributions, or get help with 401(k) enrollment questions.
Paper beneficiary forms are no longer accepted for 401(k) beneficiary information. Beneficiaries for the 401(k) should be entered and updated through Empower.
How to update 401(k) beneficiaries
- Log in to the Empower participant website or app.
- Find the “I want to…” menu.
- Choose “View/edit beneficiary information.”
- Add or edit beneficiary information.
- Be prepared to enter the beneficiary’s address, relationship, and Social Security number.
College Savings Program
The 529 CollegeChoice Direct Savings Plan is designed to help individuals and families save for college in a tax-advantaged way.
Important reminders
- The 529 account is separate from the 401(k).
- Investment options and tax treatment depend on the 529 program rules.
- Employees should review plan materials before opening an account.
- Contact the Benefits Team or Benefit Resource Center for more information about setting up an account.
A 529 plan can help families save for future education expenses. Money in the account may be used for qualified education expenses, subject to plan and tax rules.
Need help?
This page is a general overview. It is your responsibility to review your benefits, coverage elections, and covered dependents. Review your official benefit guide or highlight document, confirm your elections in UKG, or contact the Benefit Resource Center for help.
Benefits Department Contact
401k, Retirement, & Education