Page 24 - OE Guide
P. 24
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401(k) Plan
Employees, age 21 years and older, are eligible to participate in Franke’s
401(k) plan immediately upon hire. New hires will automatically be
enrolled with a contribution of 4 percent of eligible wages after 35 days
of employment. Franke matches 100 percent of your contribution up on
the irst 4 percent you contribute. You will receive the maximum company
match if you contribute at least 4 percent of salary for the year.. You
may contribute up to 60 percent of your eligible wages, not to exceed the
calendar year maximum allowed by the IRS.
Franke
401(k) Plan
Employees, age 21 years and older, are eligible to participate in Franke’s
401(k) plan immediately upon hire. New hires will automatically be
enrolled with a contribution of 4 percent of eligible wages after 35 days
of employment. Franke matches 100 percent of your contribution up on
the irst 4 percent you contribute. You will receive the maximum company
match if you contribute at least 4 percent of salary for the year.. You
may contribute up to 60 percent of your eligible wages, not to exceed the
calendar year maximum allowed by the IRS.
Franke
