401k

401(k)

The Broadridge Retirement Savings Plan is a 401(k) plan administered by Fidelity. If you are a regular full-time or part-time associate, you can contribute from 1% to 35%, and up to 15% if you are a Highly Compensated Employee (HCE), of your eligible compensation in pre-tax or Roth after-tax dollars to the 401(k) plan (you will be notified if you are an HCE). Once you complete six months of service, Broadridge will make contributions through the Company match and basic contribution.

Automatic Enrollment – If you don’t submit a contribution election, you will be automatically enrolled in the plan within 60 days of your hire date at a pre-tax contribution rate of 3% of your eligible compensation, invested in a target date fund based on your date of birth. During this 60-day period, you may stop automatic enrollment and make your own elections, or opt out entirely. If you don’t change your contribution rate, it will increase by 1% each year until it reaches 6%.

Company Match	Broadridge will match 70 cents for each dollar you save up to the first 6% of eligible compensation (if contributing 6% you will receive a 4.2% match). After five years of service, the match increases to 80 cents for each dollar you save up to 6% of eligible compensation (if contributing 6% you will receive a 4.8% match). Basic Company Contributions and Matching Contributions are deposited annually after the end of the plan year. Learn more here The Company does not match contributions you make during your first 6 months of employment.
Company Basic Contribution	The Basic contribution is made to your account regardless of whether you contribute. Your Basic contribution is based on years of service with Broadridge and ranges from 1% to 6.25% of eligible compensation. Contributions start at 1% of total compensation and increase by 0.75% every five years of service. Learn more here The Company does not make Basic Company Contributions for your first 6 months of earnings.
Vesting	You are always 100% vested in your own contributions and any earnings on them. You are 50% vested in Company contributions after two years of service, and 100% vested after three years of service.
Need help with managing your 401(k) or your overall money questions and concerns?	Broadridge offers all 401(k) participants free and confidential personalized financial coaching services through Fidelity. Fidelity provides coaching on how to help participants approach retirement and general financial goals.

Important Note – Any contributions you made to a 401(k) plan at another employer during the year you join Broadridge will count toward your annual IRS maximum contribution limit. To enroll in the retirement plan, visit www.netbenefits.com, or call 1-800-835-5095.