Retirement Plan entry for new employees occurs quarterly. LHD automatically 401(k) enrolls all employees working 1,000+ hours and 20+ years of age in the 401(k) retirement plan at 6% of pay unless opted out. Employer Match Vesting 3% of pay each pay period under Nonelective Safe Employee deferrals & safe harbor contributions are 100% Harbor and 25% on the first 6% of your salary. If vested. Employer match & profit sharing are vested at 0% you contribute 6% or more of your salary, we will through your first year of employment, 33% in year two, contribute 1.5%. 66% in year three, and 100% in your fourth year of service. IRS Contribution Limits Profit Sharing 100% of your pay up to the IRS 2024 limits: Discretionary [0-3% of your pay] and deposited • Elective Deferrals $23,000 annually. • Catch-Up (50+) $7,500