401(k) & Profit Sharing Plan

To help you prepare for the future, Wunderlich-Malec sponsors a 401(k) Plan as part of its benefits package.

Wunderlich-Malec has an automatic enrollment feature to enroll new participants in the Plan.  After six months of service, you will be enrolled with a 3% deduction of your salary and a company match of $.50 on the dollar up to 6%. With this plan you may also elect to increase your deduction amount up to 75% of your pay on a pre-tax basis.  By saving on a pre-tax basis, you reduce the taxes you pay today and delay paying taxes on your savings.

In addition to your contributions, Wunderlich-Malec helps you save by matching the money that you invest based on your years of service. You vest, or gain, ownership in the matching contributions from Wunderlich-Malec based on the schedule below.

ESOP Plan

Wunderlich-Malec has established an employee stock ownership plan (ESOP) to allow its eligible employees and the eligible employees of Wunderlich-Malec Services, a participating employer in the Plan, to benefit from a capital interest in Wunderlich-Malec and to supplement their income upon retirement. No enrollment forms are required for entry into the Plan. You are automatically enrolled upon the vesting schedule as outlined in the Summary Plan Description (SPD) after six months of service.