6 employees reported this benefit
Employees are automatically enrolled in the Allegro MicroSystems, LLC Employees' Retirement Savings Plan. Changes can be made at any time to deferral amounts or investments.
This 401(k) Plan allows employees to save up to 75% of their eligible wages on a pre-tax basis, up to the annual IRS limits. Employees are 100% vested in their contributions to the plan.
The first 5% of eligible wages deferred by the employee is matched dollar for dollar by Allegro. This Company match is immediately vested with Allegro’s Safe Harbor plan design.
401k is okay, not spectacular, match is minimal, 0.25 on $1.00 fund choices are 3-4 star funds.