401ks

Once your business is set up with a 401k program through First United, your employees can make pre-tax contributions to their very own retirement account. Employers can match a percentage of those contributions to help them grow even faster.

  • Employee is the primary contributor, and employer can match a percentage
  • Employees can contribute up to $18,000 per year (or $24,000 if over the age of 50)
  • You can match up to 25% of the employees pay up to $53,000 (or $59,000 if over the age of 50)
  • Employees will pay a 10% penalty on funds withdrawn before the age of 59 ½
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Security Notice – Browser Updates May Be Required To Use Online Banking Solutions

As an ongoing security and protection for your finances, First United deploys and keeps up-to-date many layers of security and encryption protocols to protect your confidential information. Many modern internet browsers support these advanced encryption techniques, however, some older browsers do not. Please note that, beginning May 21st, customers using the unsupported Microsoft Windows XP® and Windows Vista® with Internet Explorer (IE) 6 or 8, will be unable to use our digital solutions and must upgrade to a newer supported version of Internet Explorer, Google Chrome™, or Mozilla Firefox® instead.

Additionally, some end customers using Internet Explorer 10 (IE10) or lower may receive a message from their browser about updating their browser security settings to TLS 1.1 or 1.2. These end customers should enable these protocols on the Advanced tab in IE via Tools > Internet Options to continue accessing digital finance solutions or upgrade to a newer supported version of Internet Explorer.

If you have questions, please contact our Customer Care Center at 1-888-692-2654.

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