FRONTIER ELECTRONIC SYSTEMS CORP. 401(K) PLAN Contribution & Employer Match

How FRONTIER ELECTRONIC SYSTEMS CORP. Supports Your Retirement Savings

FRONTIER ELECTRONIC SYSTEMS CORP. provides retirement savings benefits through FRONTIER ELECTRONIC SYSTEMS CORP. 401(K) 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.

FRONTIER ELECTRONIC SYSTEMS CORP. 401(K) PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute up to 100 percent of their total annual compensation, up to the annual limitations imposed by the Internal Revenue Service (IRS).

2. Employer Match/Contribution Conditions: The employer matches 100 percent of the first three percent of eligible compensation and 50 percent of the next two percent of eligible compensation for all participants who have made contributions to the Plan. To qualify for discretionary profit-sharing contributions, the participant must earn at least 1,000 hours of service and be an employee on the last day of the plan year.

3. Vesting Schedule/Eligibility: Participants are immediately vested in their own contributions and the Company’s matching contributions. Participants vest in discretionary profit-sharing contributions at a rate of 20 percent per year of service and are 100 percent vested after six years of service.