RETIREMENT

RETIREMENT BENEFITS

After one month of service, you are eligible to participate in the Cavaliers 401(k) Plan with Vanguard, which allows pre-tax and/or post-tax retirement savings. Entry to the plan occurs the first pay after one month of service. Unless you formally choose otherwise, you are automatically enrolled in the plan with a 8% contribution, deposited to a pre-tax fund that corresponds to your expected year of retirement. Beginning the first pay following six months of service, the Company will match 50% of the first 8% of compensation that you contribute. Vesting is immediate and a loan program is available after you have at least $2,000 in savings.