Retirement Benefits

401(k) Plan

INNOVIM’s 401(k) Plan, provides an outstanding and competitive package to assist employees with their retirement planning goals. It is easy to begin saving with automatic pre–tax payroll deductions. If your retirement needs to change you can increase or adjust your deferral level or investment options at any time. There is also a ROTH 401(k) option which allows for post–tax contributions.

Other features include:

• Company Match – Eligible employees will receive a discretionary company match with immediate vesting
• Flexible contributions– You can contribute up to 80% of your eligible compensation on a pre–tax or post–tax basis
• Diverse Investment Portfolio – You can choose from over 25 investment options including core investment funds, money market accounts, bonds, and equities
• Target Date funds –Offer an investment mix targeted to your retirement date
• Loans – You can borrow money from the plan for your personal needs according to guidelines
• Free Financial Advising Services – Offered by a qualified financial consultant that can review your entire retirement portfolio.

Profit Sharing Plan

Annual profits shared with employees.

• Via contributions made to retirement savings accounts
• 5-year vesting schedule