Sila welcomes and encourages you to participate in the 401(k) retirement plan. You can enroll in our 401(k) plan on a quarterly basis — January 1, April 1, July 1, and October 1.

For additional information and questions regarding plan selection, please click here to go online to learn more.

Part-time and full-time employees who have worked at least 3 months, and are over the age of 21, are eligible to enroll. Once enrolled, you will automatically be contributing 2% to your 401(k).

If you want to change your contribution amount or if you would like to opt out of the program altogether, you need to register for an account to login and do so.

An important aspect of estate planning is making beneficiary designations and keeping them up to date after life changes. It’s quick and easy to assign or update your beneficiary designation by visiting my.vanguardplan.com. You will need to provide the name and Social Security number of each beneficiary. If you cannot complete the designation online, you can obtain a paper form.

Sila follows a three-year cliff vesting schedule. Under a three-year cliff vesting schedule, participants are 100% vested in the employer contributions when they are credited with three years of vesting service, but are 0% vested at all prior points.

You can contribute up to $23,500 in pre-tax or Roth contributions to the Retirement Plan in 2026. If you are age 50 or older, you can contribute an additional $7,500 in catch-up contributions to the plan. If you are age 60 to 63, you can contribute an additional $3,750 in catch-up contributions for a total of $11,250.