company contribution. Our share? Fully Vested – How long?? Same for 401(k)?
A. For non-bargaining unit employees DU will contribute 11% of gross wages into a retirement fund that is fully vested from the first contribution. There are currently 23 funds that employees may invest in. The enrollment dates for funds are the first of each calendar quarter. The employee does not have to contribute to the retirement fund. As an example, if an employee earns $100 in wages, an additional $11 will be contributed into the retirement fund each payday on behalf of the employee. The employee controls the funds subject to IRS rules for defined contribution plans. Additionally, DU offers non-bargaining unit employees the opportunity to participate in a 401(k) plan that has the same enrollment and vesting rules as the retirement plan. The employees can contribute up to the maximum allowed by law each year. The contributions are “pre-tax” dollars and the plan is subject to IRS rules for a defined contribution plan.
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- company contribution. Our share? Fully Vested - How long?? Same for 401(k)?
