Page 17 - 2018 Sulzer (Pumps Solutions) Benefit Guide
P. 17
Sulzer
401(k)
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% each year until they reach a
maximum contribution rate of 15%
To enroll or change your contribution percentage, log into www.401k.com
or call 800.835.5035.
Make sure you consider your 401(k) contributions during your time at
your previous employer as you are making your elections at Sulzer. The
annual maximum is a personal annual maximum and does not reset when
you change plans midyear.
17
401(k)
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% each year until they reach a
maximum contribution rate of 15%
To enroll or change your contribution percentage, log into www.401k.com
or call 800.835.5035.
Make sure you consider your 401(k) contributions during your time at
your previous employer as you are making your elections at Sulzer. The
annual maximum is a personal annual maximum and does not reset when
you change plans midyear.
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