MAZZETTI 401(K) PLAN Contribution & Employer Match

How MAZZETTI, INC. Supports Your Retirement Savings

MAZZETTI, INC. provides retirement savings benefits through MAZZETTI 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.

MAZZETTI 401(K) PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute up to a maximum of 10% of their salary to the plan.

2. Employer Match/Contribution Conditions: The employer matches a designated percentage of a participant’s elective contribution. A participant must have at least 500 hours of service during the year and be employed with the Plan Sponsor on the last day of the year to be eligible for discretionary employer contributions.

3. Vesting Schedule/Eligibility: Employer matching contributions are vested according to the following schedule: Less than two years – 0%, Two years – 20%, Three years – 40%, Four years – 60%, Five years – 80%, Six or more years – 100%. Eligibility requires employees to be 18 years of age or older.

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