401(k) Retirement Plan

Agropur offers eligible employees the opportunity to participate in the 401(k) plan administered by Fidelity. Invest in your future.

Eligibility

You can participate in the 401(k) plan if:

• • You are at least 18 years of age, and
  • You have completed 30 days of service
  • Seasonal employees and interns who are age 18 and who have completed 1 year of service and 500 hours.

Automatic Enrollment

Once eligible, you will be automatically enrolled at a 4% pre-tax contribution rate. You may choose to increase or decrease this contribution rate. Your contributions will be invested in the Plan’s default target date fund closest to the year you might retire based on your current age.

Company Match Contributions

Eligible employees will begin receiving the Company match the first of the month following 6 months of employment.

Once eligible, Agropur will match 100% of every dollar you contribute, up to 4% of your pay on a per paycheck basis. You are always 100% vested in your company matching contributions and any investment earnings on these amounts.

Company Non-Discretionary Contributions

Once you meet the Company Match Contribution eligibility, annually, Agropur will make an additional non-elective 3% lump sum contribution to your 401(k) account. The vesting period for this contribution is based on a 5-year schedule.

Employee Contributions

You can contribute up to 85% of your eligible earnings up to the IRS annual limits on a pre-tax and/or Roth basis. You are always 100% vested in your personal contributions and any investment earnings on these amounts.

Investment Funds

A range of investment options so you can choose the mix that’s right for you or make it easy by choosing a target date fund.

Loans

The retirement plan is intended for the future, but we understand life happens. Therefore, you may be eligible to borrow from your account.

Withdrawals

You may withdraw your funds when you attain age 59 1/2, terminate your employment, retire, become permanently disabled or die. Refer to the Summary Plan Description or call Fidelity for assistance.

Rollovers

You may roll over eligible pre-tax and Roth contributions from another eligible plan.

Contact Fidelity at 1-800-835-5095 for more information.