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Incentive and Thrift 401(k) Plan
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Sherrie, Retiree 43 Years of Service |
American Family’s Incentive & Thrift (I&T) Plan, a 401(k) plan, offers you a great opportunity to save and invest in your future. The I&T plan is funded by contributions from you and also provides an annual company match. All employees are eligible to participate in the plan, and can contribute up to 30% of eligible earnings. You can even roll over funds from another employer's qualified plan to your I&T account.
In addition, the company matching contribution can range from 33 1/3% to 300% of the first 3% of your eligible pay, based on annual company performance. It's a great way to increase your future savings! And, we offer 10 investment funds to choose from, ranging from a low-risk money market to a more speculative international fund. Depending on the investment options you choose, you may be responsible for investment fees.
Pension Plan
American Family also invests in your future with a flexible Employee Pension Plan. All employees age 21 or older become participants in the plan after one year of service. After five years of service, the benefit is fully vested and available for a future payment. The benefit itself is calculated based on your final average earnings, years of service, age and covered compensation. Best of all, it's completely company funded and requires no contributions from you.
Learn more about:
- Benefits for your Health and Well-Being
- Benefits for your Work/Life Balance
- Benefits for your Peace of Mind
- Continous Learning
This is only a brief outline of benefits and does not represent a contract for purposes of determining eligibility or coverages. The company reserves the right to change or eliminate these benefits at any time.
