Constantia Flexibles offers a retirement savings plan for the employees. The plan is in two parts:
- 401K – Where employees can defer from 1-100% of their annual salary into the plan on either a Traditional Pre-tax or a Roth basis up to the maximum as defined by law. Constantia Flexibles will match dollar for dollar, for the first 3% an employee contributes. In addition, Constantia Flexibles, LLC will contribute 50% on the next 2% the employee contributes with a maximum company match of 4%.
- Roth Contribution - This source is deducted on a post-tax basis and allows more flexibility for participants when making their deferral sources. Please contact Fidelity with any questions by either calling 800-294-4015 or going online to www.netbenefits.
Profit Sharing Plan - the employer may make discretionary contributions, if any, in an amount to be determined by the Board of Directors at the end of the plan year. The administrator is Fidelity Investments. Eligibility is determined after two months of service (must be at least 18 years old). You will enter the plan at the first of the month following the two (2) month waiting period which is similar to your other benefits which call for a 60 day service requirement.
Visit the Fidelity NetBenefits web site, www.netbenefits.com to enroll and manage your retirement account.
You can also call Fidelity at 800.294.4015.
