Page 15 - 2022 DPR Construction Benefit Guide_Craft Employees

Retirement Savings Plan

The DPR Retirement Savings Plan is a 401(k) Plan.

DPR Construction 401(k) Plan

The 401(k) Plan offers employees the opportunity to
defer a portion of their weekly pay to a retirement savings
account. The plan is administered by Vanguard and
includes traditional 401(k) contributions (pretax) or Roth
contributions (post-tax). Catch-up contributions are available
for employees who are over 50 years of age. Employees are
eligible immediately upon hire and if no election is made,
automatic enrollment at 4% of employee salary occurs
after 90 days of employment. Vanguard provides a suite of
investment options for employees to choose the investment
profile that is suitable for their retirement goals. Vanguard
also offers professionally-managed investment funds
through the target date retirement fund investment options.
All contributions to the 401(k) plan are immediately vested. Beneficiary Information for your Retirement Plan is
maintained by Vanguard.
DPR will match employee contributions, at $.50 on each
$1.00 up to the first 6% of employee salary. DPR’s employer Vanguard offers resources to employees on savings and
match will occur quarterly. Don’t miss the opportunity to planning for retirement. Please check out their website for
maximize the DPR contribution into your Retirement additional information: www.vanguard.com. DPR Plan
Savings Plan. number is 095654.

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