LANDRUM PROFESSIONAL EMPLOYER SERVICES RETIREMENT SAVINGS PLAN Contribution & Employer Match

How LANDRUM PROFESSIONAL EMPLOYER SERVICES, INC. Supports Your Retirement Savings

LANDRUM PROFESSIONAL EMPLOYER SERVICES, INC. provides retirement savings benefits through LANDRUM PROFESSIONAL EMPLOYER SERVICES 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.

LANDRUM PROFESSIONAL EMPLOYER SERVICES RETIREMENT SAVINGS PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute a percentage of their pay into an elective deferral account on a pre-tax or post-tax basis.

2. Employer Match/Contribution Conditions: Employers can adopt options ranging from no participation to mandatory match based on the participant’s compensation for the plan year.

3. Vesting Schedule/Eligibility: The vesting schedule for employer contributions is as follows: Less than 2 years: 0%, 2 years: 20%, 3 years: 40%, 4 years: 60%, 5 years: 80%, 6 or more years: 100%. Eligibility requires employees to be 21 years of age, work for a participating client, and fulfill the client’s service requirement.