BUTZEL LONG EMPLOYEES THRIFT PLAN AND TRUST Contribution & Employer Match

How BUTZEL LONG, A PROFESSIONAL CORPORATION Supports Your Retirement Savings

BUTZEL LONG, A PROFESSIONAL CORPORATION provides retirement savings benefits through BUTZEL LONG EMPLOYEES THRIFT PLAN AND TRUST. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

BUTZEL LONG EMPLOYEES THRIFT PLAN AND TRUST Contribution & Match Policy

1. Employee Contribution Rates: Up to 75 percent of their compensation on a before-tax basis and 100 percent of any bonus.

2. Employer Match/Contribution Conditions: The employer contributes 3 percent of eligible compensation on a per pay basis up to the IRS compensation limit.

3. Vesting Schedule/Eligibility: Participants are immediately 100 percent vested in employee deferrals and rollover contributions. For discretionary matching contributions, employees hired before December 31, 2017 are 100 percent vested, while those hired after are subject to a five-year vesting schedule, with 20 percent vested each year.