Retirement Plan

All employees, age 21 or over will be automatically enrolled in the plan, unless you decline to participate. An amount of 3% of your overall compensation will be withheld from each paycheck. You may contribute up to the maximum allowed by law which changes each year. Per IRS rules in addition, if you are age 50 or older, you may contribute an additional “Catch-Up” contribution if you have deferred the maximum allowable into the plan. You may designate any portion of these contributions as pre-tax and/or post-tax (Roth). You may suspend, change or resume the amount of your salary deferral contributions at any time.

Employer Contributions
The current employer matching contribution is 50% up to 6% of compensation. Eligible employees will begin receiving matching contributions after completing one year (1,000 hours) of service. If you leave the Company for any reason whatsoever, you will receive 100% of your salary deferral contribution account. Amounts in your employer contribution account will be vested according to the following schedule: