Retirement Benefits
2025 IRS Maximum Contributions
Under age 50: $23,500
Age 50+: $23,500 + $7,500 Catch Up = $31,000
Age 60-63*: $23,500 + $11,250 Catch Up = $34,750
*Employees reaching age 64 and over will be eligible for the Age 50+ Catch-Up Contribution Limit.
Plan Administrator: Mercer, 888-824-2391
This plan is a defined benefit pension plan.
The plan allows only for College contributions.
Employees are automatically enrolled after reaching 1,000 hours of service in a 12-month period.
Employees are 100% vested after 5 years of service (0% vested until 5 years is met).