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401(k)
- Team Members become eligible after 30 days of employment. Team Members may contribute any percentage of pay to the plan on a pre-tax basis, subject to IRS annual limits. Numerous investment options are available for Team Member contributions.
- Team Members are always 100% vested in their account balances.
- Team Members age 50 or older can make catch-up pre-tax contributions up to the IRS annual contribution limit.
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This overview is intended to highlight the key provision of Sovereign Bank's benefits plans and/or policies. Complete details, including eligibility criteria where applicable, are contained in the official plan documents or policy, which govern in all cases. The company reserves the right to change or end the plans at any time with or without notice. |
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Equal Housing Lender - Member FDIC
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