This plan is regulated by federal legislation and participation is automatic after a 12-month enrollment waiting period. Full vesting takes place over a four-year period. Profit Distributions are determined at the end of the year at the discretion of the Board of Directors. Funds are placed in and allowed to be vested in a tax-deferred basis. Employees must be 21 years of age to participate.
Employees become eligible after one year of continuous employment.
Profits are distributed to employees in December for the current business year. Bonuses paid to employees are tracked and posted on a monthly basis and are based on pre-defined business objectives. Funds are distributed to employees the last week of November. The above listed and described benefits are brief descriptions of the benefits provided to the company's employees. Full and complete descriptions are available upon hire.