401(a) plan

Take advantage today

Participation in the plan is open to Management employees. 

There is no age or service requirement for eligible employees to participate in the plan. 

You can join the plan on the next entry date following completion of the required paperwork.

Starting early has its advantages

Employer contributions

This plan is 100% funded by your employer. Participant contributions, including rollovers, are not allowed.

Contributions are made according to the following schedule:

Employer annual contributions

Vesting

Vesting is a participant’s right of ownership to the money in his or her plan account. You will be 100% vested in the employer contributions after three years of service (generally requiring 1,000 hours of service during the year) or if you are employed on or after you reach Normal Retirement Age under the plan, even if you don't have three years of service.

Accessing your money before retirement

You may withdraw vested money if you meet one of the following requirements: 

• Death
• Severance from employment
• Retirement
• Disability
• Attainment of age 59½

Income taxes are payable upon withdrawal and federal withdrawal restrictions and a 10% federal tax penalty may apply to early withdrawals prior to age 59½. Be sure to talk with your tax advisor before withdrawing any money from your plan account.