HELIOS TECHNOLOGIES, INC. 401(K) RETIREMENT PLAN Contribution & Employer Match

How HELIOS TECHNOLOGIES, INC. Supports Your Retirement Savings

HELIOS TECHNOLOGIES, INC. provides retirement savings benefits through HELIOS TECHNOLOGIES, INC. 401(K) RETIREMENT 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.

HELIOS TECHNOLOGIES, INC. 401(K) RETIREMENT PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute from 1% to 100% of their eligible compensation.

2. Employer Match/Contribution Conditions: Pre-tax contributions are matched by the Corporation up to 6% of employee salary based on years of service; 3% match for less than three years, 4% for after three years, 5% for after five years, and 6% for after seven or more years. For Faster, pre-tax contributions are matched at 100%. For Daman, they are matched at 50%. Enovation and Balboa match at the employer’s discretion.

3. Vesting Schedule/Eligibility: Vesting for employer contributions is based on years of service: 0% for less than 1 year, 20% for 1 year, 40% for 2 years, 60% for 3 years, 80% for 4 years, and 100% for 5 or more years. Enovation and Balboa have a different schedule: 0% for less than 1 year, 33% for 1 year, 67% for 2 years, and 100% for 3 or more years.