Page 15 - 2017 Benefits Enrollment
P. 15
401(k) 2017 Beneits Enrollment
Savings and Retirement Plan
Fidelity
X Employees are eligible to participate immediately upon hire with contributions
beginning the irst pay period following an employee’s election
X Employees may contribute up to 75% of base earnings of combined pre-tax or
Roth contributions based on government regulations and plan maximums
X Sulzer matches up to 6% (dollar for dollar) of an employee’s combined pre-tax
or post-tax Roth contributions and employees are 100% vested in the company
match portion
X New employees will be automatically enrolled 45 days after their date of hire at
a pre-tax contribution rate of 6%; in addition, employees who are auto enrolled
will also be enrolled in the annual increase program at a rate increase of 1% per
year each year until they reach a maximum contribution rate of 15%
To enroll of change your contribution percentage, log into www.401k.com or call
800.835.5035.
Roth 401(k) Retirement Plan
You may contribute between 1% and 75% of salary on a post-tax basis, up to the
annual IRS dollar limit. You may not contribute more than 75% of your pay (up to
the IRS limit) combined between the Roth and pre-tax plan
Retirement Security Contributions (RSC)
X Upon completion of 1 year of service, Sulzer will establish a RSC account for
each active employee with quarterly contributions based on your age as follows
Z Under 35 = 3% of base regular earnings
Z 35–44 = 4% of base regular earnings
Z 45–54 = 5% of base regular earnings
Z 55 and over = 6% of base regular earnings
X Employees are not fully vested in the RSC contributions until they have
completed ive (5) years of employment
* Participants attaining age ifty-ive (55) prior to termination of employment will be fully vested. Participants
who become disabled or die prior to termination of employment are also fully vested.
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Savings and Retirement Plan
Fidelity
X Employees are eligible to participate immediately upon hire with contributions
beginning the irst pay period following an employee’s election
X Employees may contribute up to 75% of base earnings of combined pre-tax or
Roth contributions based on government regulations and plan maximums
X Sulzer matches up to 6% (dollar for dollar) of an employee’s combined pre-tax
or post-tax Roth contributions and employees are 100% vested in the company
match portion
X New employees will be automatically enrolled 45 days after their date of hire at
a pre-tax contribution rate of 6%; in addition, employees who are auto enrolled
will also be enrolled in the annual increase program at a rate increase of 1% per
year each year until they reach a maximum contribution rate of 15%
To enroll of change your contribution percentage, log into www.401k.com or call
800.835.5035.
Roth 401(k) Retirement Plan
You may contribute between 1% and 75% of salary on a post-tax basis, up to the
annual IRS dollar limit. You may not contribute more than 75% of your pay (up to
the IRS limit) combined between the Roth and pre-tax plan
Retirement Security Contributions (RSC)
X Upon completion of 1 year of service, Sulzer will establish a RSC account for
each active employee with quarterly contributions based on your age as follows
Z Under 35 = 3% of base regular earnings
Z 35–44 = 4% of base regular earnings
Z 45–54 = 5% of base regular earnings
Z 55 and over = 6% of base regular earnings
X Employees are not fully vested in the RSC contributions until they have
completed ive (5) years of employment
* Participants attaining age ifty-ive (55) prior to termination of employment will be fully vested. Participants
who become disabled or die prior to termination of employment are also fully vested.
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