12
401 (k) Plan
After 30 days of full-time employment, employees may defer up
to $18,000 in 2016. Employees age 50 and older may defer an
additional $6,000 in 2016. The company can match contribu-
tions on a bi-weekly basis at 100% for the first 3% of salary;
then 50% of the next 2% to a maximum of $265,000 of
compensation. Employees are immediately vested in employer
matching contributions.
Enroll at
my.vanguardplan.comPaid Time Off (PTO)
Employees will accrue 15 days of Paid Time Off (PTO) for the first 2 years of service, prorated for
the first year. At 3 years of service employees accrue 20 days per year, increasing incrementally to
30 days at 10 years of service. Employees may carry over up to half of what they accrue into the
next calendar year.
Carryover policy differs for California employees. Please refer to the
Employee Resource Manual
for specifics.
2016 Company Paid Holidays
Holiday
Day
Date
New Year’ Day
Friday
January 1st
President’s Day
Monday
February 15th
Memorial Day
Monday
May 30th
Independence Day
Monday
July 4th
Labor Day
Monday
September 5th
Thanksgiving Day
Thursday
November 24th
Day After Thanksgiving
Friday
November 25th
Christmas Day
Friday
December 23rd
Day After Christmas
Monday
December 26th
One Floating Holiday
-
-
Full-Time Employees
Min. PTO
Max PTO Carryover
0-3 Years of Service
15 Days
7.5 Days
3-10 Years of Service
20 Days
10 Days
10+ Years of Service
30 Days
15 Days