BSF PROFIT SHARING AND EMPLOYEE SAVINGS PLAN Contribution & Employer Match

How BEAVER STREET FISHERIES LLC Supports Your Retirement Savings

BEAVER STREET FISHERIES LLC provides retirement savings benefits through BSF PROFIT SHARING AND EMPLOYEE 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.

BSF PROFIT SHARING AND EMPLOYEE SAVINGS PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute a minimum of 4% of their salary to the plan.

2. Employer Match/Contribution Conditions: The employer matches 50 percent of the first four percent of eligible compensation that each participant contributes to the plan. For the Plan year 2021, there was an additional discretionary profit-sharing contribution of 3%, totaling a 5% match if an employee contributed at least 4% of compensation.

3. Vesting Schedule/Eligibility: Employer contributions are vested on a graduated schedule over a period not exceeding six years. Employees may participate in the plan after completing one year of service and reaching age 21.