Population: New or Prospective Non-Represented
Company Contributions
The easiest decision you'll make is just to participate; and by participating, you receive Company matching contributions. Beginning around your six-month service anniversary (after 1,000 hours of service), the Company helps you build income for retirement by matching your contributions to the plan. Company contributions of up to 3-1/2% of your pay are made in cash so that you have the freedom to diversify all of your investments.
A Word About Vesting
Vesting is earning the right to the money in your account. You are always fully vested in the value of your own before- and after-tax savings, including investment earnings on them. In addition, you automatically are vested in the Company matching contributions, including their earnings, upon participation in the plan.
Please note: The only way you can receive tax-free distributions from your Roth account is if the account is at least five years old from the first deposit and you are at least age 59½.