Page 17 - MCU Benefits Enrollments Guide
P. 17
Pension Plan
401(K) Salary Deferral Plan Provided by Principal Financial Group
Employees are eligible to participate after 90 days of employment. You must be 21 years of age. Your
entry date will be the first day of the month following your 90 day anniversary. MCU contributes in two
ways:
Matches 100% of employee contributions up to 4% of salary deferral;
On the last day of each year MCU contributes 2.5% of annual wages (provided the employee is still
employed on the last day of the year).
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