Equipping you for retirement readiness with an exceptional retirement plan provider is just one of the ways we can create a best-in-class employee experience. We are pleased to have Charles Schwab as the Forvis Mazars retirement plan services provider.
Plan participants can expect the following as a part of the Schwab experience:
Planning for retirement is an essential part of securing your financial future, and understanding the basics of your retirement plan is the first step. This section provides key information on eligibility, contributions, profit-sharing, and vesting, helping you make informed decisions about your savings. Whether you’re just getting started or looking to maximize your benefits, knowing how your retirement plan works ensures you’re on the right path toward a financially secure future.
All U.S. employees (full-time, part-time, interns, seasonal, temporary, Talent Shift) and partners are eligible to participate in the Plan. Employees are eligible immediately upon hire and there is no minimum age or service requirement to participate.
Participants can contribute up to 80% of their eligible earnings up to the annual IRS maximum. Participants can make pre-tax 401(k) and Roth (post-tax) for both regular and catch-up contributions.
The Forvis Mazars Plan has a discretionary profit-sharing component. The discretionary profit-sharing contribution percentage historically has been 5% of each eligible employee’s annual Plan compensation* and deposited into accounts at the end of summer, after the close of the fiscal year. Participants are not required to contribute to the 401(k) Plan and there are no minimum hours required to be eligible for a profit-sharing contribution.
The Forvis Mazars retirement plan has a three-year cliff vesting schedule for employer contributions (profit-sharing). Employee contributions are always 100% vested. Years of service at legacy firms will count toward your overall amount vested.
Your vesting schedule follows a three-year cliff vesting structure, meaning you are 0% vested in your employer’s contributions for the first two years of service, and become 100% vested after completing three years of vested service.
*You must have a minimum of 1,000 compensable hours during the fiscal year (June 1 through May 31) in order to gain a year of vested service.
All plan administrative fees for Forvis Mazars’ retirement plan will be paid by the firm.
2026 Contribution limits for 401(k) plans | 2026 Limits | 2025 Limits |
Elective Deferral: Age 49 and under IRC 402(g) | $24,500 | $23,500 |
Age 50-59+ Catch-Up contribution (see exception below for ages 60-63) IRC 414(v) | $8,000 | $7,500 |
Age 60-63 super Catch-Up contributions IRC 414(v) | $11,250 | $11,250 |
FICA (Social Security) wages requiring Roth to be used for Catch-Up IRC 414(v)(7)(A) | $150,000 | NA |
Annual Additions Limit for Defined Contribution Plans IRC 415(c) | $72,000 | $70,000 |
Annual Compensation Limit IRC 401(a)(17) | $360,000 | $350,000 |
Highly Compensated Employee (“HCEs”) IRC 416(i) | $160,000 | $160,000 |
Key Employee/Officer IRC 408(p) | $235,000 | $230,000 |
IRS Notice 2025-67: https://www.irs.gov/pub/irs-drop/n-25-67.pdf | ||
Visit workplace.schwab.com to take advantage of the tools and resources available through the Forvis Mazars, LLP Employees’ Savings Plan that can help you plan for retirement. Check out these useful features and tools:
Follow these steps:
New participants can establish their login ID and password by using the Register Now button.
It’s too important to put off, so take care of the people who matter most. Designate or update your beneficiary* information today.
* Under the Employee Retirement Income Security Act of 1974 (ERISA), your spouse is automatically the beneficiary of your Plan. If you’re married, but designating someone other than, or in addition to, your spouse as your primary beneficiary(ies), a Spousal Consent form must be completed and returned to Schwab Retirement Plan Services. Unless there is a Spousal Consent form on file, your surviving spouse will be your account’s default beneficiary.
Increasing your contribution rate by just a small percentage may have significant long-term benefits. Follow the steps below to review how much you are saving in your account.
Look at your account to see how your investments have performed and determine if you would like to make adjustments to your fund allocations.
The website offers a number of useful tools, including the Retirement Savings Calculator, the Paycheck Calculator, the Social Security Administration Estimator, the Monthly Budget Planner, the Spending Tracker, and more.
Explore videos, articles, calculators, planning tools, and more on the financial topics that matter to you most.
The retirement plan includes access to third-party personalized advice. This advice calculates a retirement income goal and savings rate for you, selects the investments for your account from investment options available within the retirement plan, and provides a spending plan if you’re age 50 or older to help you make the most of your money in retirement. The advice service is provided by Morningstar Investment Management LLC, an independent registered investment adviser.
Managing your retirement account effectively is key to building a secure financial future. This section covers important aspects of investment options, account management, and strategies to help you grow your savings. From choosing the right investment mix to monitoring your account and adjusting your strategy over time, understanding how to manage your retirement funds ensures you stay on track toward your long-term financial goals.
Schwab features a strong lineup of core funds with the ability to invest in individual stocks and other mutual funds by utilizing Schwab’s Personal Choice Retirement Account (PCRA). The fund line-up contains funds not previously offered as well as funds that were offered in the legacy plans.
The plan will allow employees to take out a loan against your plan. You are limited to one active loan at a time, so any current loan must be paid off in full before you can take out another loan. The plan will also allow for hardship distributions which will be processed by Schwab. The hardship distributions must meet the IRS requirements for hardships.
Planning for retirement can feel overwhelming, but you don’t have to navigate it alone. Whether you’re just starting your savings journey or nearing retirement, access to the right resources and support can make all the difference. This section provides educational tools, webinars, and expert guidance to help you make informed decisions about your retirement benefits. From understanding plan details to getting answers to your questions, we’re here to support you every step of the way.
Summary of 2026 Q2 Participant Webcast Series Events
New for 2026: The webcast schedule is now organized by topic and day of the week, making it easier to follow themes and plan attendance.
Daily Focus:
For questions, we highly encourage you to contact Schwab directly as each individual situation is unique and the representatives will be best suited to answer your questions. You can contact Schwab by visiting workplace.schwab.com or calling 1-800-724-7526.
We anticipate most of your questions will be answered through the correspondence from Schwab or the FAQ document, but if not, you can submit a case in Workday by selecting the “Create Case” icon on the homepage.
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