Page 22 - Guide
P. 22
2017 Benefits Enrollment
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% of eligible wages after 35 days of
employment. Franke matches 100 percent of your contribution up on the
irst 4% you contribute. You will receive the maximum company match if
you contribute at least 4% of salary for the year.. You may contribute up
to 60% of your eligible wages, not to exceed the calendar year maximum
allowed by the IRS.
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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% of eligible wages after 35 days of
employment. Franke matches 100 percent of your contribution up on the
irst 4% you contribute. You will receive the maximum company match if
you contribute at least 4% of salary for the year.. You may contribute up
to 60% of your eligible wages, not to exceed the calendar year maximum
allowed by the IRS.
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