Our Benefits

401K Retirement Plan

Participation: Employees who are 21 years of age are eligible to participate in the Plan immediately upon hire (or as soon as administratively possible). Our plan offers both pre-tax and after-tax (Roth) salary deferral options. Pre-tax contributions are taxed at the time funds are withdrawn, whereas the Roth option allows you to contribute after-tax dollars to your 401k. The primary benefit of contributing to a Roth 401K is that upon retirement distributions are tax-free.

Contributions: The 401(k) Plan allows for the following types of contributions:

• Employee salary deferrals (if the employee so chooses), up to 60% of compensation, may be made on a pre-tax or after-tax (Roth) basis and may not exceed the federally mandated 2007 limit of $15,500 (except for employees who are qualified for the $5000 Catch Up Plan)
• Employer match of employee deferral on a dollar-for-dollar basis, up to a maximum of 6% of compensation (Catch Up Plan contributions are not matched)
• Employer contribution to profit-sharing portion (amount, if any, determined annually)
• Employer “ Safe Harbor ” qualified non-elective contribution (QNEC) of 3% of employee's eligible compensation
• Rollovers from other qualified retirement plans

Vesting: The vesting plan is as follows:

• 100% full and immediate vesting in employee salary deferrals, employer Safe Harbor contributions, and employee rollovers from other qualified retirement plans; and
• 25% per year, beginning in the second year, for a total of 100% vesting on your 5 th year anniversary in employer match

Catch Up Plan:

• Applies to employees age 50 or over in accordance with the federal Catch Up Plan.
• Employees may contribute up to 99% of their salary in accordance to the federal limit allowed.
• Catch Up contributions are not matched by Argon ST .

Argon ST reserves the right to change benefits at any time.