- Health & Well-Being
- 401(k) & Profit Sharing
- Time Away From Work
- Other Benefits
- Summary Plan Documents & Required Notices
The Company offers a 401(k) savings and profit sharing plan for all Associates. The plan is administered by Pension Corporation of America with investment choices through Charles Schwab. You can contact Pension Corporation of America at 1-800-848-5848 or email them at pensioncorporation@pencorp.com.
The plan provides an opportunity for Associates to make both traditional (Pre-Tax) and Roth contributions (“deferrals”) to the plan up to the IRS maximum. Learn more about the plan and its investment options.
To encourage Associates to plan for their retirement, Associates are automatically enrolled in the plan with a 5% pre-tax deferral rate upon hire. Your automatic deferrals are invested in one of the plan’s target date funds. Associates may change their deferral rate and or the investment funds to better match their retirement goals at any time by visiting the Pension Corporation of America website.
Associates can make pre-tax contributions of up to 100% of their eligible compensation. The total pre-tax contribution cannot exceed the annual limit set by the Internal Revenue Service. The 2025 limit is $23,500.
The Plan allows you to make after-tax Roth contributions of up to 100% of your eligible compensation up to the annual Internal Revenue Service (IRS) dollar limit. The dollar limit is $23,500 for 2025.
The IRS dollar limit applies cumulatively to your employee pre-tax contributions and your ROTH contributions.
Associates age 50 or older are entitled to contribute additional money to the 401(k) plan. This is known as the “catch-up contribution”. Catch-up contributions enable Associates who, for whatever reason, have not contributed the maximum amount into their 401(k) in prior years. The maximum catch-up contribution is $7,500 for 2025.
The Company currently matches 50% of Associate deferrals up to 5%, for a maximum match of 2.5%. To receive the maximum Company match, you must defer 5% of your eligible compensation to the plan. Associates are eligible to receive the Company matching Contribution on their first day of employment.
Note to be eligible for the company match, you must over 21 years of age to receive the company match contributions.
Associates can change or stop their deferral contributions at any time. To do so, visit the Pension Corporation of America website.
Vesting signifies the amount of ownership an Associate has in the employer contributions to the 401(k) plan. Associates are always 100% vested in their contributions. Associates vest in the Company contributions on a 6 year graduated scale as shown below:
| Years of Service | Vested (Percentage) |
|---|---|
| <2 | 0% |
| 2 | 20% |
| 3 | 40% |
| 4 | 60% |
| 5 | 80% |
| 6 | 100% |
How to Enroll in Your Retirement Plan Account
Requesting a
401k Loan
Log Into Pension Corporation of America
Download instructions:
© 2024 Fischer Homes, Inc.