Loading...

Retirement Savings Plans

Retirement Savings Plans-401(k):

The company currently offers a 401(k) retirement savings plan to all regular, full-time and part-time employees. Eligible employees may contribute up to 25% of annual compensation on a pre-tax basis subject to the Internal Revenue Code limitations set each year on a pre-tax basis. The first six percent of annual compensation up to the Internal Revenue Code limitation is eligible for company match at the rate of .50 for every $1 contributed.

Employer Retirement Contribution:

The company provides an additional contribution into the 401(k) plan to supplement retirement savings. The contribution will range from 2% to 5% of the eligible annual compensation based upon age and total years of service with Purdue.

Click here to view the Employer Retirement Contribution Summary