Eligibility begins after one year of employment during which an employee works at least 1000 hours. Employees may enroll in the plan on every January 1 or July 1 after they meet the one year eligibility requirement.
An employee may contribute to the plan on a pre-tax (traditional) or post-tax (Roth) basis.
The company will match 100% of employee contributions on the first 3% of compensation that an employee contributes to the plan. In addition, the company will match 50% of employee contributions on the next 2% of compensation that an employee contributes.
This matching contribution is fully vested immediately.