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PDQ Industries January 2006
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401(k) Savings Plan
PDQ offers a 401(k) savings plan to help eligible employees save for the future and their retirement years.
To be eligible to join our 401(k) savings plan, you must have completed 12 months of service and be 21 years of age or older. You may join the plan only during open enrollment periods. When you are eligible, you may participate in the 401(k) plan subject to all the terms and conditions of the plan.
You choose how much salary you wish to contribute to the 401(k) plan.
Your 401(k) contribution is taken from your pay before the federal and state taxes are calculated for your paycheck. That means that you will pay lower taxes now while you are contributing the 401(k) plan. Your 401(k) account will be taxed when you take money out of it in the future but at that time it is possible that you will pay taxes at a lower rate.
If you have questions about the 401(k) plan, contact the Human Resources Manager for more information.
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