401K Plan
Available to US-based employees
(15 Reviews)
Samtec Associates that have completed one month of service are eligible for participation in the Retirement Plan. Enrollment dates are the beginning of each month following eligibility.
- Defer up to 75% of wages pre-tax or under a Roth 401K ($18,000 maximum).
- There is a $6,000 allowable catch-up contribution for Associates age 50 or over.
- After-tax contributions up to 25% are allowed as well.
- Dollar for Dollar company match on the first 5% of contributions after 30 days of service.
- 7% Profit Sharing contributions are made by Samtec (based on gross wages) after 30 days of service.
- 2-year vesting schedule applies to Profit Sharing contributions as follows; 0-2 Year - 0%. 2+ Years - 100%.
About Our Data
Updated May 29, 202683 employees reported this benefit