Contributions: Participants can contribute between 6% and 20% of their eligible pay to the Plan.
Company match: The Company matches the minimum 6% contribution with an amount equal to 7% of the participant’s eligible pay. However, Company matching contributions were suspended from October 1, 2020, until they were reinstated on October 1, 2021. Participants who are 50 or older during the plan year and have maximized their regular pretax and Roth contributions can make additional contributions.
Vesting: Participants are immediately vested in their own contributions and all associated earnings. Company contributions vest at 100% after 3 years of service, upon reaching age 65 while employed, or upon death while still an employee.
401(k) Contribution Calculator
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