401(k) Plan
Full-time employees who are 21 years of age, complete one year of service and meet other plan eligibility requirements may participate in our 401K plan and our discretionary company matching.
Discretionary company matching is determined annually after the end of each plan year and has in the past ranged from 0-3% of your annual income contributed in a given plan year.
Your account individual contributions, rollover contribution account and qualified non-elective contribution account are always fully (100%) vested. However, your interest in your matching contribution account and profit-sharing contribution account will vest based on your years of vesting service (defined below) in accordance with the following schedule:
1 year = 0% 4 year = 60%
2 year = 20% 5 year = 80%
3 year = 40% 6 year = 100%
Vesting is based on hours paid during a calendar year. In order to increase on the vesting schedule a participant must be credited with 1,000 hours of service in a calendar year.