401(k) Retirement Savings Plan
The 401(k) retirement savings plan through Charles Schwab helps you invest in your financial future and save for retirement. Contributions are deducted pre-tax from each paycheck, and the amount can be changed at any time during the year.
- Ensign will match the first 3% of your salary you contribute into the plan dollar for dollar.
- The company match for the next 2% of pay you contribute is 50%.
- That means if you contribute at least 5% of your pay, Ensign matches 4%, so funds grow even faster!
- All contributions are immediately 100% vested and belong to you.
| Plan Features | Details |
| Eligibility | You are eligible if you are at least 18 years old and have at least 6 consecutive months of service with the company. Once you meet the Plan’s eligibility requirements, you can enroll quarterly beginning January 1, April 1, July 1 or October 1. |
| Pre-tax contribution limit |
|
| Company match |
|
| Vesting | You own 100% of your own contributions along with the company matching contributions. |
| Contribution changes | You may make changes to your contributions at any time during the year.
Annual savings adjustments |
