Page 18 - RS&A Benefits Enrollments Guide
P. 18
401 (k) /Profit Sharing
The RS&A 401 (k) Profit Sharing Plan was established 01/01/99 and the Plan Year is the
consecutive 12 month period beginning on January 1 and ending on December 31.
When Are You Eligible?
You are eligible for the 401k on the first day of the month following your date of hire. All
employees must be at least 21 years old.
Who Makes Contributions?
Your compensation and deferrals will be determined on an annual basis. You can make changes
to your deferral at any time throughout the year.
Salary Deferral Savings Contributions
Your taxable income is reduced by the amount you save. Therefore, you lower your current
federal and state taxes by participating.
When is An Employee Vested in the 401k/Profit Sharing Plan?
Employees are always 100% vested in the employee deferrals. Contributions from RS&A are on
an 5-year increment plan. For further details please see HR.
17 |
