It’s never too early to start saving for retirement, and Mountaire makes it easy with our 401(k) plan. A 401(k) plan is a retirement savings account that allows employees to contribute pre-tax income. The term comes from the section of the Internal Revenue Code that governs these types of plans.

Employees will automatically be enrolled in the 401(k) plan with a 2% pre-tax contribution rate after 90 days with the company. However, you can change your contribution at any time. It’s easy to save because money is deducted automatically from your paycheck.

You become eligible for the discretionary profit-sharing contribution and company match on the next May 1 or November 1 after completing one year of service. Mountaire will match every dollar you contribute up to 3% of your income, and 50% match for the next 2% contributed. To get the most FREE MONEY from Mountaire, you should contribute 5%!

For questions about these programs, reach out to your Benefits Team.