BOSCH SECURITY SYSTEMS RETIREMENT SAVINGS PLAN Contribution & Employer Match

How BOSCH SECURITY SYSTEMS, INC. Supports Your Retirement Savings

BOSCH SECURITY SYSTEMS, INC. provides retirement savings benefits through BOSCH SECURITY SYSTEMS RETIREMENT SAVINGS PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

BOSCH SECURITY SYSTEMS RETIREMENT SAVINGS PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute up to a maximum of 85 percent of their annual eligible compensation (excluding the Burlingame Plan, which has a maximum of 18 percent).

2. Employer Match/Contribution Conditions: The BSIP provides for variable employer matching contributions ranging from 0 to 100 percent of the first 9 percent of eligible compensation contributed by the participant, with the matching percentage being 75 percent for 2022. The BSSI Plan matches 50 percent of the first 6 percent of compensation deferred by the participant. The Burlingame Plan and the BBST Plan match 50 percent of the first 7 percent of eligible compensation contributed by participants who have completed one year of service.

3. Vesting Schedule/Eligibility: Participants are immediately vested in their employee contributions and rollover contributions. For the BSSI Plan, participants are also immediately vested in employer profit-sharing contributions. Generally, participants are 100 percent vested in the non-profit-sharing employer contribution portion of their account after three years of credited service. The BBST Plan’s employer matching contributions vest at the following schedule: 20% after 2 years, 40% after 3 years, 60% after 4 years, and 100% after 5 years or more. Eligibility requirements for participation vary, typically requiring full-time employment or part-time employees with one year of service consisting of 1,000 hours.