Full-time employees are eligible upon hire at age 25 or after one year of service. Part-time employees must complete 1,000 hours in the first anniversary year or calendar year thereafter. The company provides employees with an affordable opportunity to become shareholders. The Discounted Plan enables participating employees to purchase Associates stock at a 15 percent discount through regular, convenient payroll deductions. The company makes contributions to the Associates Savings and Profit sharing Plan after year-end.
Employee is vested after five years of service.
Automatic participation for all full-time employees who are actively employed on the last day of each year. Part-time employees must complete 1,000 hours of service within the first 12 months of employment or any calendar year thereafter. Pension Participation begins when an employee is at least 21 years old and has completed one year of service. Employees are automatically enrolled when eligibility requirements are met. Company pays full cost.