Your retirement plan is a key part of Benesch’s Benefits Package!
Benesch’s 401(k) plan allows employees to invest a percentage of their gross pay either pre-tax or post-tax using the Roth deferral option. Benesch provides a contribution that matches 80% of the employee contribution rate up to a maximum match of 4%. We also make a profit-sharing contribution equal to 5% of gross pay to our employees’ 401(k) plan—adding up to a potential 9% total employer contribution to your retirement savings.
Eligibility: All Benefit Eligible Benesch employees are eligible on the 1st of the month following 30 days of employment. You can enroll 30 days prior to your 401(k) effective date.
If you are currently enrolled and need to access your Voya account go to: www.voya.com
Enrollment link for new hires: www.enroll.voya.com
Plan Number: 860888
Verification Number: 86088899
Benesch Profit Sharing and Match | ||
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Benesch Profit Sharing and Match | ||
401(k) Employer Match | $0.80 for every dollar up to 5% | |
401(k) Vesting | 100% Immediate Vesting | |
Benesch’s Profit Sharing Contribution | 5% Must be employed on the last day of the plan year (12/31/XX), and complete 1000 hours of credited service in the plan year | |
Profit Sharing Vesting | Year 1 - 20% Year 2 – 40% Year 3 – 60% Year 4 – 80% Year 5 – 100% You are 100% vested after 1 year worked if hired before 1/1/24 |