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401(a) Profit and Pension Trust
Eligibility: Full-time & part-time employees. Six months from date of hire.
Premiums: Employer investment.
Benefit Description: Employer contributes six percent of base salary beginning the 1st pay period following six months of employment with a four percent employee contribution to the 457(b). Employer matches ten percent after three years of continuous participation with a 10% employee contribution to the 457(b). Employees are 100% vested upon hire.
457 Deferred Compensation
Eligibility: Full-time & part-time employees.
Premiums: Employee investment.
Benefit Description: Employee may begin contributions upon hire with 100% vesting.
Voluntary Deferred Compensation Tax Deferred Savings Plan
Eligibility: Full-time & part-time employees.
Premiums: Employee contributions.
Benefit Description: Yearly maximum $16,500 with catch up provisions of $5,000 for age 50+. Part-time employees may also enroll.
Life Insurance
Eligibility: Full-time & part-time employees.
Premiums: Employer paid.
Benefit Description: Two times annual salary with participation in retirement plan.
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