LEHIGH UNIVERSITY RETIREMENT PLAN Contribution & Employer Match

How LEHIGH UNIVERSITY Supports Your Retirement Savings

LEHIGH UNIVERSITY provides retirement savings benefits through LEHIGH UNIVERSITY 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.

LEHIGH UNIVERSITY RETIREMENT PLAN Contribution & Match Policy

1. Employee Contribution Rates: Participants may contribute salary deferrals up to the maximum amount allowed under the Code. For Base Plan eligible employees, the deferral rate is set at 3% for their pretax contribution.

2. Employer Match/Contribution Conditions: The Matching Contribution was equal to fifty percent of the participant’s salary deferrals that were not in excess of 6%. Base Contributions for active participants was a maximum of 8.0%, with varying percentages based on years of service (4% for less than 3 years, 6% for 3 to 5 years, and 8% for more than 5 years).

3. Vesting Schedule/Eligibility: A participant has a 100% non-forfeitable interest at all times in their salary deferrals, rollovers, and Roth contributions. For matching and base contributions, a participant not employed as of December 31, 2013 has a non-forfeitable interest after three years of service.

4. Roth 401(k) Contribution: Yes, the plan allows Roth contributions.