- Health & Well-Being
- 401(k) & Profit Sharing
- Time Away From Work
- Other Benefits
- Summary Plan Documents & Required Notices
Fischer Homes provides a discretionary profit-sharing contribution to incentivize and reward Associates for the financial success of the Company, as measured by the Company’s Return on Investment or ROI.
The current Company 401(k) match, together with the profit-sharing contribution is known as the Total Contribution Percentage. The Total Contribution Percentage is determined annually based on the Fischer Homes’ Consolidated ROI.
The chart below shows the ROI levels and corresponding Company contribution percentage.
| ROI | Total Retirement Contribution Rate* |
|---|---|
| 30% | 10% |
| 27% | 9.10% |
| 23% | 7.90% |
| 20% | 7.00% |
| 17% | 6.10% |
| 14% | 5.20% |
| 10% | 4.00% |
| At least 5% | 2.50% |
*As a % of Eligible Compensation.
To receive the profit-sharing contribution, Associates must be 21 years old, must have worked 1,000 hours in the calendar year and completed one year of service by September 30th of that same year.
Associates vest in the profit-sharing contribution on a 6 year graduated scale as shown in the chart below:
| Years of Service | Vested (Percentage) |
|---|---|
| <2 | 0% |
| 2 | 20% |
| 3 | 40% |
| 4 | 60% |
| 5 | 80% |
| 6 | 100% |
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