Plan Specs & Eligibility

Delta Subsea 401K  plan specs

Employee contribution limits are set to the maximum the law will allow… currently 18,000… 5,500 catch up

Eligibility – 21 years of age and three months of service

Roth vs Pretax

Company Match = At the discretion of management

You may be able to rollover your vested balance from your prior company’s eligible retirement Plan or from an IRA.

Vesting is the amount of your balance yours… You are always   100% vested on what you put into the plan

Company contributions are vested as follows:

Year 1        =>        0%
2                             25%
3                             50%
4                            75%
5                            100%