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401(k) Plan

​The X-FAB 401(k) Plan allows you to save for retirement with either pre-tax or post-tax dollars. You may choose between a traditional 401(k) or a Roth 401(k). (Roth 401(k) deferrals are made post-tax.)
Plan Document

​Eligibility

You are eligible to enroll in the 401(k) if you are at least 18 years old and have completed 3 months of continuous service.

Enrollment

As a new hire, you will be automatically enrolled in the 401(k) plan at the beginning of the quarter following 3 months of continuous employment. This contribution will be 5% of your compensation per pay period, unless you opt out of participation in the plan, and this amount will increase by 1% each year up to 10%.

You will have the opportunity to make changes to your contribution amounts, or opt out of participation at the beginning of any quarter as follows:

January 1 | April 1 | July 1 | October 1

Employer Contributions - Suspended as of July 1, 2020 until further notice

X-FAB will match 100% of the first 3% and 50% of the next 2% of your contributions. X-FAB’s matching contributions are NOT subject to the vesting schedule and are 100% vested.
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Disclaimer: Marsh & McLennan Agency is providing the domain and hosting this website to the benefit of X-FAB, its employees, and its participants.  The content available through this website is the property of X-FAB, and X-FAB remains solely responsible for content information, accuracy, and completeness.  This website only explains the general purposes of the insurance described, but in no way changes or affects the policy as actually issued. In the event of any discrepancy between any of these documents and the policy, the terms of the policy apply.  Complete coverage information is in the certificate of insurance booklet issued to each insured individual. Please read it carefully and keep it in a safe place with your other important papers.

NOTE: Links to external websites are provided as a convenience for our employees and do not imply our company's sponsorship or approval of these sites, their products, and/or services.
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  • Home
  • Medical
  • FSA
  • Teladoc
  • Dental & Vision
  • Life & Disability
  • 401(k)
  • Allstate
  • Contact
  • Paycom
  • LegalShield