The Oatey Co. Profit Sharing Retirement Trust and Savings Incentive Plan provides an easy way to save for your future through payroll deductions. With a company match and compound interest, even a small amount can grow over time. The plan is administered by Fidelity Investments.

Eligibility

You are eligible to participate in the plan as of the first of the month following 3 months of employment with the company.

Associate Contributions

Contributions from your pay are made on a pre-tax basis – up to the IRS annual limit. You can also make Roth 401(k) after-tax contributions. If you are 50 years of age or older (or you will reach age 50 by the end of the year), you may make a catch-up contribution in addition to the normal IRS annual limit. Associate contributions are 100% vested.

Associates are automatically enrolled at 3%, however, you have the option to change your contribution amount at any time. There is also an annual increase of 1% automatically each March until you reach the annual cap of 10%. Associates can opt out of both the auto enroll and auto increase options.

Employer Contributions

Oatey will make matching contributions to your account based on your contributions. The 401(k) match is 100% of the amount you defer up to 5% of your eligible compensation.

Associates are immediately vested in company match contributions made after 1/1/2017.

Visit Fidelity at www.401k.com to enroll and manage your account, investments and contributions, or contact the Fidelity Retirement Benefits Line for assistance at 1-800-835-5097.