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401K
Benefits
Transamerica 401 K Plan
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Employees are eligible after
one month of service with ITPI. Enrollment is on the
first of each month.
Employees may elect to contribute
pre-tax dollars into the plan up to $14,000 in 2005.
($18,000 if over age 50). This
contribution will be deducted from paychecks when
eligible if election is made.
ITPI makes a discretionary
match at the end of each year. For example, at the
end of 2004, ITPI decided that for anyone who contributed
in the plan in 2004, a match of 50 cents on the dollar
up to 6% of the employees contribution was given as
an employer match.
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