A FINANCIAL WELLNESS HOME RUN
INVESTING IN YOUR FUTURE 800-547-7754 | principal.com | Principal App
All Averitt associates are automatically enrolled in a 401(k) retirement account. There are two ways that account can grow.
Profit Sharing plan We believe in lifting each other up. That’s why we set aside a portion of our profits every month to invest in your future. Profit Sharing reflects the power of working as one and inspires us to focus on teamwork, innovation and efficiencies. Because the better we do together, the better we all do individually.
And here’s the best part — the sky’s the limit to what we can achieve.
• Every month, 20% of our profits are set aside for Profit Sharing. • That total is then distributed among all associates. • These contributions are 100% funded by Averitt, and invested directly into your 401(k) retirement account. • You receive the Profit Sharing benefit even if you don’t make personal 401(k) contributions. Funds you elect to contribute You can make your own contributions to your retirement account through our traditional and Roth 401(k) plans. Choose to contribute from as little as 1% to as much as 75% of your pay on a pre-tax (traditional) or post-tax (Roth) basis through weekly payroll deductions. If you are/will be age 50 or over by the end of the calendar year, you can make additional catch-up contributions up to the IRS limit. PROFIT PROTECTION PROGRAM This program rewards up to $5,000 to non-leadership associates for information leading to resolution of theft or misuse of company or customer property.
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