What is 401(k)?

A 401(k) is a type of retirement savings plan sponsored by an employer. It lets employees save and invest a portion of their paychecks either before taxes are taken out (traditional) or after taxes (Roth).  The plan allows employees to save for their future without having to rely on an employer offering a pension. 

Create the future you want and pursue financial independence and set up a TCWGlobal 401(k) retirement savings plan through Empower Retirement. Your TCWGlobal 401(k) Plan can help you achieve the retirement you want — a future focused on what you want to do instead of what you have to do.

Get started today and use the tools to help you invest for the retirement income you may need.

Who is eligible for TCW's 401(k) plan?

All employees are eligible to participate in the company’s 401(k) plan once they have met the applicable waiting period. 

  • Enroll any time after 60 days of employment

  • No minimum hours per week required

    Machine generated alternative text:
Quarter Begins 
January 1 
July I 
October 1 
Enrollment Period 
10/1- 12/28 
3/28- 6/26 
6/27- 9/25

Contributions will begin on the first paycheck at the start of the next quarter following eligibility requirements and enrollment.

Is there a 401k Match?

No match is offered, but you may be eligible for a $500 bonus!  See Bonus details.

Making the maximum annual contribution

The IRS has an annual contribution limit for anyone participating in a 401(k) plan. If you’re under 50, the maximum annual contribution amount for 2024 is $23,000 and if you’re 50 or older, the maximum annual contribution amount for 2024 is $30,500.  TCWGlobal automatically caps the limit so long as all of the contributions took place through TCWGlobal's payroll.

Keep in mind that the $23,000 or $30,500 for age 50 and over can be a mix of pre-tax (traditional) and/or after-tax (Roth) regardless of income threshold.

Please see this IRS article on contribution limits for more information.

How to enroll in 401(k)

  • Go to www.empowermyretirement.com

  • Select Register

  • Select I do not have a PIN tab.

  • Follow the prompts to create your username and password.

Having trouble registering?  Have additional questions about your account?  Contact Empower at (800) 338-4015 Mon- Fri 6 am- 8 pm MT and Sat 7 am- 3:30 pm MT.

Please allow 3-5 business days for your enrollment to be processed. Once processed, you will receive a confirmation email from TCWGlobal.  If you do not receive a confirmation email from TCW, please contact benefits@tcwglobal.com prior to the start of the next quarter.

Need financial guidance?

TCWGlobal has teamed up with HUB International (formerly known as Kornerstone) to give employees access to a team of financial professionals. They are available to help explain the investment options within the 401(k) plan. Recognizing every person has a unique financial situation, HUB International welcomes the opportunity to work with you on an individual basis. If you require more than just general advice about the 401(k) plan, please schedule a consultation.

Ruben Hernandez

HUB International

Retirement Plan Advisor

Email: Ruben.Hernandez@hubinternational.com


Questions? Reach out to the TCWGlobal Benefits Team at benefits@tcwglobal.com.