SAES GETTERS 401(K) PLAN Contribution & Employer Match

How SAES GETTERS USA, INC. Supports Your Retirement Savings

SAES GETTERS USA, INC. provides retirement savings benefits through SAES GETTERS 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.

SAES GETTERS 401(K) PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute up to 100% of eligible compensation on a pre-tax basis during the Plan year or the maximum allowed by the IRC, which was $20,500 for the Plan year ended December 31, 2022. Eligible employees age 50 and over may contribute an additional $6,500 in catch-up contributions.

2. Employer Match/Contribution Conditions: The employer matches 100% of participant deferrals up to 3% of compensation and 50% of deferrals between 3% and 5% of compensation. The safe harbor match contributions are made each pay period.

3. Vesting Schedule/Eligibility: Participants become vested in participant deferrals and all Company contributions upon enrollment in the Plan. Employees are eligible to participate on the first day of the month following the start of employment, providing they are at least 18 years old.