DORSEY & WHITNEY 401(K) RETIREMENT AND SAVINGS PLAN Contribution & Employer Match

How DORSEY & WHITNEY LLP Supports Your Retirement Savings

DORSEY & WHITNEY LLP provides retirement savings benefits through DORSEY & WHITNEY 401(K) RETIREMENT AND 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.

DORSEY & WHITNEY 401(K) RETIREMENT AND SAVINGS PLAN Contribution & Match Policy

1. Employee Contribution Rates: Participants may contribute up to 75 percent of their annual earnings to the Plan, subject to IRC limitations.

2. Employer Match/Contribution Conditions: The Employer may annually contribute 7.5 percent of each participant’s annual pre-tax compensation, with an additional 5.78 percent for partners over the age of 40 for both 2022 and 2021, subject to a compensation ceiling and annual limitations prescribed by the IRC.

3. Vesting Schedule/Eligibility: Participants vest in Employer contributions upon completion of their third year of service, at which point the participant is 100 percent vested in all allocated Employer contributions. Eligibility requires employees to have reached 21 years of age and completed one year of service while being credited with at least 1,000 hours of service.