Employee Benefit: 401K Plan | Glassdoor

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Updated Mar 22, 2016

14 employees reported this benefit


Employer Summary

The 401(k) Retirement Savings Plan offers an excellent opportunity for you to build a secure financial foundation for your future while reducing your current taxable income. When you contribute money to your 401(k) account, your money is deposited with pre-tax dollars, after-tax dollars (ROTH), or a combination of both. Pre-tax means you won’t pay federal or state income taxes on the funds, or the earnings they accrue, until the day you receive a distribution. After-tax means you pay taxes on your contributions at the time of the contribution. The 401(k) plan includes a company match that is deposited into your account alongside the contributions you make every paycheck.You are eligible to participate in the 401(k) retirement savings plan through Alerus on the first day of the month following your one month anniversary with the company. Company matching eligibility is one year of employment.

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Employee Comments

Showing 1–4 of 4
  • Nov 20, 2018
    StarStarStarStarStar Current Software Engineer in Pittsburgh, Pennsylvania

    50% match up to the first 6% of employee's contribution. 4-year vesting schedule.

  • Jan 24, 2018
    StarStarStarStarStar Former Account Manager in Burlington, Massachusetts

    It was standard with some level of match.

  • Jun 06, 2017
    StarStarStarStarStar Former Consultant in Burlington, Massachusetts

    Average. Nothing special about it.

  • Jul 13, 2016
    StarStarStarStarStar Current Employee in Rockford, Illinois

    Easy to use and they mach 50% of my contribution up to 3% of my income.

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