Retirement & Savings

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401(k)

Planning, saving and investing for your retirement is vital to your future security. Whether or not you will have a financially comfortable retirement depends on the choices you make today. We offer a comprehensive retirement program to help you plan for your retirement needs.

The plan is an excellent way to build your retirement savings and offers these advantages:

•You can contribute between 1% and 50% of your pay on a pre-tax basis.

•If you contribute to the plan, Compass Group adds money to your account in the form of a match. The match applies to the first 6% of your contribution and is $.35 on every $1.00 contributed.  Matching will occur each pay period for Associates who are actively contributing to the plan.

•Vesting:

0 - 1 year - 0% vested
1 - 2 year - 50% vested
3 years+ - 100% vested

Vesting applies to Company match

•If you have a 401(k) account at another company, you can roll your balance over to the Compass Group plan without a tax penalty.