Retirement Planning
Retirement Planning
The BearCom 401(k) Plan helps employees save for retirement.
Plan Details
| Feature | Detail |
|---|---|
| Plan Name | BearCom 401(k) Plan |
| Plan Type | 401(k) |
| Employer Match | BearCom will match 50%, up to 4% you contribute to your 401(k) (2% maximum match) |
| Eligibility Wait | Newly hired, regular employees are eligible to begin participation in the 401(k) plan immediately. |
| Elective Deferral Limit | $24,500 |
| Catch-Up (Age 50+) | $8,000 |
Plan Name
- Detail
- BearCom 401(k) Plan
Plan Type
- Detail
- 401(k)
Employer Match
- Detail
- BearCom will match 50%, up to 4% you contribute to your 401(k) (2% maximum match)
Eligibility Wait
- Detail
- Newly hired, regular employees are eligible to begin participation in the 401(k) plan immediately.
Elective Deferral Limit
- Detail
- $24,500
Catch-Up (Age 50+)
- Detail
- $8,000
Vesting Schedule
| Years of Service | Percent Vested |
|---|---|
| 0 | 0% |
| 1 | 0% |
| 2 | 25% |
| 3 | 100% |
| 4 | 100% |
| 5+ | 100% |
0
- Percent Vested
- 0%
1
- Percent Vested
- 0%
2
- Percent Vested
- 25%
3
- Percent Vested
- 100%
4
- Percent Vested
- 100%
5+
- Percent Vested
- 100%