Page 13 - 2022 Benefit Guide Fives Inc

Retirement Savings Plan 401(k)

Eligibility: The Fives Retirement Savings Plan offers a convenient
way for you to save for the future through payroll deductions. Full
time employees are eligible to participate in the plan the first day of Vesting: Vesting refers to your right of ownership to the Company
Match contributions to your account. You are immediately vested
the month following date of hire
at 100%.
Enrollment: To ensure that you do not overlook this opportunity,
the Fives Retirement Savings Plan will automatically enroll you Auto-Increase: Annually each January, the Plan will
with a 6% deferral contribution if you do not make an election or automatically increase your deferral contribution by 1% until it
opt out within 30 days of your hire/rehire date. Each year in reaches 10%, with an opportunity to opt-out of this feature each
year.
January, the plan will auto-enroll participants at 6% who have a 0%
deferral contribution with an annual opportunity to opt out. Participant Fees: The plan may charge participants certain fees

Investments: A wide range of investment choices are available. related to operating the plan such as administration, investing,
If you do not actively make a choice, the Plan’s Target Date Funds loan requests and certain distributions.
will be selected on your behalf based on your age 65 retirement Other Features: Review the summary plan description for
date. information on loans from the plan and eligible withdrawals. This

Contributions: Contributions from your pay can be made as information can be found on netbenefits.com or call Fidelity
Traditional (pretax), Roth (after-tax) or a combination – up to the customer service with questions.
IRS annual deferral limit. Access Your Account:
Download the Fidelity Netbenefits APP
If you will be 50 years of age or older by the end of the year, you
Log on via the Web: www.netbenefits.com
are eligible for the catch-up amount and payroll contributions will
Phone: 800-835-5095
continue up to the annual combined limit of $27,000 (for 2022).
2022 IRS Employee Annual Limits:
• Deferral Limit $20,500 (Pretax & Roth)
• Catch-up Limit is an additional $6,500
Company Match: The company will make matching contributions
equal to 100% of the first 3% of your contribution and 50% on the
next 4-6%, for a total potential of 4.5%. Company match is paid
each payroll.

Business Travel Benefits

International SOS (ISOS): When traveling outside of your home country, Fives Group has partnered with ISOS to provide medical
and security assistance, helping to ensure that your health and safety are taken care of before, during and after your trip.
• Medical emergency including locating a doctor or hospital; or if you forgot your prescription medicine.
• Security questions or concerns; including lost wallet or passport, translation support, etc.

Obtain an ISOS travel card before leaving for your out of country trip.
Customer Service: 1-215-942-8226 Fives Membership #: 15AYCA383770
Website: www.internationalsos.com
Business Travel Accidental Death benefits of an additional 3x base annual salary up to $500,000 provided to your family, at no cost
to you.

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