Pension Plan

Defined Contribution Retirement Plan has two components: Base Retirement Contribution You receive a base contribution into your retirement plan account from Gundersen. The contribution is determined annually depending on the financial performance of the organization. The contribution can range from 6-11% of eligible compensation. Vesting is calculated on a calendar year basis: 2 years of service 20% 3 years of service 40% 4 years of service 60% 5 years of service 80% 6 years of service 100% Salary Deferment 401(k) Gundersen matches 100% on the first 3% you contribute and $.50 for each dollar up to the next 2% you contribute, for a maximum contribution of 4%: You contribute Gundersen contributes 1% 1% 2% 2% 3% 3% 4% 3.5% 5% 4% The matching contribution is made after each pay period. You may elect to contribute more than 5%. By law, the voluntary contribution is limited to a maximum of $18,000 for persons under age 50 and $24,000 for persons age 50 or older by the end of the year. You are immediately 100% vested in this part of the retirement plan.