Originally Posted by
bigmacdaddy
Hi all, question about retirement. It appears that you can contribute up to 10% and company will match half, so up to a 5% company contribution to a 401K. Is there profit sharing or possibly some type of ESPP? Also, do you think retirement benefit increase will be a priority on the next round of negotiations?
You may contribute more than 10% to the 401(k), but there is no added company match above that point.
Profit Sharing is paid directly annually and is a percentage of salary as I understand it. To be eligible one must have been employed for ALL of the previous year, so those hired in January 2013 won't get PS until 2015.
Can't predict what may be a priority for improvement, at least not from my vantage point.